General Theory Of Employment , Interest And Money

Released on by John Maynard Keynes
preview-18

  • General Theory Of Employment , Interest And Money Book Detail

  • Author : John Maynard Keynes
  • Release Date : 2016-04
  • Publisher : Atlantic Publishers & Dist
  • Genre : Business & Economics
  • Pages : 410
  • ISBN 13 : 9788126905911
  • File Size : 17,17 MB
DOWNLOAD BOOK

General Theory Of Employment , Interest And Money by John Maynard Keynes PDF Summary

Book Description: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * 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 economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning

Disclaimer: www.yourbookbest.com does not own General Theory Of Employment , Interest And Money books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Keynes's General Theory for Today

Keynes's General Theory for Today

File Size : 23,23 MB
Total View : 6526 Views
DOWNLOAD

ÔAt a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of KeynesÕs

Raising Keynes

Raising Keynes

File Size : 66,66 MB
Total View : 1635 Views
DOWNLOAD

Back to the future: a heterodox economist rewrites Keynes's General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the