The General Theory Of Employment Interest And Money (1936)

The General Theory of Employment, Interest and Money is a groundbreaking book written by the renowned economist John Maynard Keynes in 1936. In this book, Keynes presents his theory on how the economy works and how to address the issues of unemployment and economic downturns. Keynes argues that the traditional economic theory, which assumes that markets will always self-correct and reach equilibrium, is flawed. He proposes that government intervention is necessary to stabilize the economy and prevent unemployment. Keynes also introduces the concept of aggregate demand, which refers to the total demand for goods and services in an economy.The book is divided into seven chapters, each of which discusses a different aspect of Keynes' theory. In the first chapter, Keynes outlines the basic principles of his theory and explains why traditional economic theory is insufficient. The following chapters delve into topics such as the role of investment, the relationship between saving and investment, and the impact of government policies on the economy.The General Theory of Employment, Interest and Money is considered one of the most influential economics books of the 20th century. It revolutionized economic thinking and paved the way for modern macroeconomics. Keynes' ideas have had a profound impact on economic policy, particularly during times of economic crisis, and continue to be studied and debated by economists today.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.