The General Theory of Employment, Interest, and Money. Distinguished British economist John Maynard Keynes () set off a series of movements that drastically altered the ways in which economists view the world. In his most important work, The General Theory of Employment, Interest, and Money (), Keynes critiqued the laissez-faire /5(). John Maynard Keynes Is The Great British Economist Of The Twentieth Century Whose Hugely Influential Work The General Theory Of Employment, Interest And Money Is Undoubtedly The Century S Most Important Book On Economics Strongly Influencing Economic Theory And Practice, Particularly With Regard To The Role Of Government In Stimulating And Regulating A Nation S /5(9). The General Theory of Employment, Interest, and Money By John Maynard Keynes Feburary Table of Contents • PREFACE • PREFACE TO THE GERMAN EDITION • PREFACE TO THE JAPANESE EDITION • PREFACE TO THE FRENCH EDITION Introduction 1. THE GENERAL THEORY 2. THE POSTULATES OF THE CLASSICAL ECONOMICS 3. THE PRINCIPLE OF EFFECTIVE File Size: 1MB.
Source: John Maynard Keynes, The General Theory of Employment, Interest, and www.doorway.ruo: First Harvest Hacourt Brace, [] Chapter III THE PRINCIPLE OF EFFECTIVE DEMAND. II. A brief summary of the theory of employment to be worked out in the course of the following chapters may, perhaps, help the reader at this stage, even though it may not be fully intelligible. The General Theory of Employment, Interest and Money. Illustrated - Kindle edition by Keynes, John Maynard. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading The General Theory of Employment, Interest and Money. Illustrated. John Maynard Keynes The General Theory of Employment, Interest and Money. Chapter The Theory of Prices I. SO long as economists are concerned with what is called the Theory of Value, they have been accustomed to teach that prices are governed by the conditions of supply and demand; and, in particular, changes in marginal cost and the elasticity of short-period supply have played a.
The General Theory of Employment, Interest and Money of is a book by English economist John Maynard Keynes. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology – the "Keynesian Revolution". It had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter. The General Theory of Employment, Interest and Money is Keynes' masterpiece published right after the Great Depression. It sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially challenging the proposition that a market economy tends naturally to restore itself to full employment on its own. Keynes argued that not only should the government secure full employment, it should also manage the money supply, adjust interest rates, and intervene with spending.
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