The General Theory of Employment Interest and Money

2011 Reprint of 1936 edition. Full fledged Facsimile of original first U.S. edition. No changes or omissions from the original format. The General Theory of Employment, Interest and Money is generally considered to be Keynes' magnum opus, and 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, the principle of effective demand and liquidity preference.

Author: John Maynard Keynes
Publisher: Martino Fine Books
Published: 01/26/2011
Pages: 416
Binding Type: Paperback
Weight: 1.34lbs
Size: 9.00h x 6.00w x 0.93d
ISBN13: 9781891396687
ISBN10: 1891396684
BISAC Categories:
- Business & Economics | Money & Monetary Policy
- Business & Economics | Government & Business
- Business & Economics | Economics | Theory

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