A Macat Analysis of John Maynard Keynes's The General Theory of Employment, Interest and Money
- Narrated by: Macat.com
- Length: 1 hr and 48 mins
- Unabridged Audiobook
- Release date: 06-30-16
- Language: English
- Publisher: Macat International Limited.
Regular price: $6.95
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In his groundbreaking 1936 book The General Theory of Employment, Interest and Money, Keynes argued that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believed market economies are by nature unstable and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes set out to revolutionize the way the world thinks about and understands economics - and in this he succeeded.
In the latter half of the 20th century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the 21st century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
Customer ReviewsMost Helpful
By Tatsuno on 05-17-18
almost no information.
Each chapter felt like it was written by different person as much of the information was repeated from chapter to chapter. And none of the information presented gave me any insight on John Maynard Keynes's book. Let me save you some time and give you all the information that is in this book.
economic philosophy was dominated by the classical economic ideas presented by Adam Smith. then the Great Depression happened which classical economics said should be impossible. John Maynard Keynes wrote a book about it. some people hated it some people liked it. the end.