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The General theory Of Employment, Interest and Money: With the Economic Consequences Of the Peace (Classics Of World Literature)
[Paperback - 2017]
john maynard keynes
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Category: Business
Sub-category: Economics
Publisher: Wordsworth Editions | ISBN: 9781840227475 | Pages: 576
Shipping Weight: .410 | Dimensions: null

Description

John Maynard Keynes (1883-1946) is perhaps the foremost economic thinker of the twentieth century. On economic theory, he ranks with Adam Smith and Karl Marx; and his impact on how economics was practiced, from the Great Depression to the 1970s, was unmatched.

The General Theory of Employment, Interest and Money was first published in 1936. But its ideas had been forming for decades ? as a student at Cambridge, Keynes had written to a friend of his love for 'Free Trade and free thought'. Keynes's limpid style, concise prose, and vivid descriptions have helped to keep his ideas alive - as have the novelty and clarity, at times even the ambiguity, of his macroeconomic vision. He was troubled, above all, by high unemployment rates and large disparities in wealth and income. Only by curbing both, he thought, could individualism, ‘the most powerful instrument to better the future', be safeguarded. The twenty-first century may yet prove him right.

In The Economic Consequences of the Peace (1919), Keynes elegantly and acutely exposes the folly of imposing austerity on a defeated and struggling nation.

About the Author

John Maynard Keynes, 1st Baron Keynes, CB, FBA (/ˈkeɪnz/ KAYNZ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of modern macroeconomics and the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the most influential economists of the 20th century and the founder of modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics and its various offshoots.

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