The General Theory of Employment, Interest and Money

ISBN 10: 3941579282
ISBN 13: 9783941579286
Author: John Maynard Keynes
Edition: Paperback
Release: 2009-03-21
Format: Paperback (434 pages)
List Price: $19.99
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Book Description: The General Theory of Employment, Interest and Money was written by the British economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936 it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital and liquidity preference.

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