Ebook The General Theory of Employment, Interest, and Money, by John Maynard Keynes
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The General Theory of Employment, Interest, and Money, by John Maynard Keynes
Ebook The General Theory of Employment, Interest, and Money, by John Maynard Keynes
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Keynes profoundly influenced the New Deal and created the basis for classic economic theory. “I can think of no single book that has so changed the conception held by economists as to the working of the capitalist system” (Robert L. Heilbroner). Index.
- Sales Rank: #16306 in Books
- Published on: 1965-05-12
- Released on: 1965-05-12
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x 1.04" w x 5.31" l, .87 pounds
- Binding: Paperback
- 403 pages
- Great Depression
- Great Recession
- Economics
- Finance
- Philosophy
Review
The General Theory is nothing less than an epic journey out of intellectual darkness. That, as much as its continuing relevance to economic policy, is what makes it a book for the ages. Read it, and marvel.' (Paul Krugman)
About the Author
John Maynard Keynes (1883-1946) was an economist, mathematician, civil servant, educator, journalist, and a world-renowned author. His two great works, A Treatise on Money and The General Theory of Unemployment, Interest, and Money, revolutionized the study and practice of economics and changed monetary policy after World War II.
Most helpful customer reviews
146 of 163 people found the following review helpful.
This BN edition of Keynes has many errors in the equations
By Garett Jones
The BN edition has errors in the equations, errors that make the book incomprehensible. Find another edition of Keynes's General Theory.
77 of 84 people found the following review helpful.
the kindle version lacks ALL footnotes!
By Hiroo Yamagata
I bought the kindle edition. It lacks ALL footnotes. chapters like appendix to ch 19, basically makes many of the arguments in the footnotes. They are totally gone. Do not buy the Kindle edition, not at least until you confirm what you are getting.
11 of 11 people found the following review helpful.
complex, deep, and sophisticated
By doc peterson
In spite of Keynes' caveat in the preface ("This book is chiefly addressed to my fellow economists. I hope that it will be intelligible to others.") I owed it to myself to give it a read. _The General Theory_ is dense reading. Fortunately, Keynes is clear in his exposition, his positions well articulated.
As a non-economist, I was struck by several things. First was Keynes' demolition of "classical" economic theory on the means of increasing employment, political economy, and the relationship of supply to demand. (Think Say, Malthus, and especially Ricardo and Pigou.) This was totally unexpected, but given the revolutionary nature of his argument, entirely understandable. Second, I was stuck by the way in which Keynes structures his theory - it was much more reminiscent of philosophy than economics, as the terms Keynes uses are first clearly defined and deliniated before the relationship between ideas (and his postulates on the cause and effect between them) is discussed. Lastly, I was pleasantly suprised by the wit and cleverness of his writing.
That said, I found it difficult reading, primarily because I am not fluent with many of the concepts Keynes discusses (the "elaasticity of effective demand" as it relates to the Quantity Theory of Money for example). WIth patience, plenty of revisiting the definitions of economic terms and careful deliberate thought, I was able to follow the gist of Keynes' General Theory. It made for slow going. Whether you agree (or not) with Keynes' theories have become as much a political exercise as an economic one, and are waters I'd rather not wade into here. In terms of the merits of the book, for the lay reader, you really have to want it to wade through it - it may be suprising at how poorly represented Keynes' ideas are represented in the popular imagination (for example, that Keynes supported deficit finance). That alone an incentive for giving _The General Theory_ a try.
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