The General Theory of Employment, Interest and Money

The General Theory of Employment, Interest and Money is a seminal work by the illustrious economist John Maynard Keynes, exploring the intricacies of economic theory and its profound implications on society. First published in 1936, this groundbreaking text challenged the prevailing classical economic thought and laid the foundation for modern macroeconomics.

The Story

Keynes delves into the dynamics of employment, interest, and money, dissecting the factors that influence economic fluctuations. He argues that insufficient aggregate demand leads to unemployment and economic stagnation, advocating for active government intervention to stimulate the economy. Through a meticulous examination of the relationships between various economic variables, Keynes presents a compelling case for rethinking traditional economic policies.

Why Readers Love It

• Innovative Ideas: Keynes introduces concepts such as the liquidity preference theory and the multiplier effect, reshaping our understanding of economic mechanisms.
• Timeless Relevance: The principles outlined in this work continue to resonate in contemporary discussions on fiscal policy and economic recovery.
• Accessible Prose: Despite its complex subject matter, Keynes writes with clarity and precision, making his theories comprehensible to a broader audience.

Perfect For

This book is ideal for students and scholars of economics, as well as anyone interested in the philosophical underpinnings of economic theory. Those who appreciate Keynes's work will also find value in his other notable publications, such as The Economic Consequences of the Peace and A Treatise on Money.