The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money
Author: John Maynard Keynes
Publisher: Springer
Total Pages: 430
Release: 2018-07-20
Genre: Business & Economics
ISBN: 3319703447


Download The General Theory of Employment, Interest, and Money Book in PDF, Epub and Kindle

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

The Making of Keynes' General Theory

The Making of Keynes' General Theory
Author: Richard F. Kahn
Publisher: Cambridge University Press
Total Pages: 338
Release: 1984-05-10
Genre: Business & Economics
ISBN: 052125373X


Download The Making of Keynes' General Theory Book in PDF, Epub and Kindle

This 1984 book describes the development of thought, both of Keynes and others, culminating in the publication in 1936 of Keynes' General Theory of Employment, Interest and Money. As one of Keynes' close collaborators - from December 1929, when the writing of the Treatise was nearing its completion - Richard Khan provides a uniquely insightful analysis of these events. The author starts with a brief survey of the contributions influential in forming Keynes' early ideas, and moves on to explore the significance of the Quantity Theory of Money, and traces the development of Keynes' attitude towards the theory through his published books. Subsequent lectures are devoted to Keynes' Treatise on Money, and to his more popular writings as an economic adviser which marked the transition from the thinking in the Treatise to that in the General Theory which the author critically examines. The final lecture records the author's memory of his personal relationship with Keynes.

Understanding Keynes’ General Theory

Understanding Keynes’ General Theory
Author: B. Sheehan
Publisher: Springer
Total Pages: 313
Release: 2009-01-15
Genre: Business & Economics
ISBN: 023023285X


Download Understanding Keynes’ General Theory Book in PDF, Epub and Kindle

This book is a comprehensive guide for those seeking to fully understand Keynes' General Theory of Employment, Interest and Money , and especially those approaching the work for the first time. It also highlights Keynes' important policy insights. This book is an essential introduction to Keynes' most influential text.

Keynes's General Theory, the Rate of Interest and Keynesian' Economics

Keynes's General Theory, the Rate of Interest and Keynesian' Economics
Author: G. Tily
Publisher: Springer
Total Pages: 352
Release: 2016-01-12
Genre: Business & Economics
ISBN: 0230801374


Download Keynes's General Theory, the Rate of Interest and Keynesian' Economics Book in PDF, Epub and Kindle

This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.

Keynes and Marx

Keynes and Marx
Author: Bill Dunn
Publisher: Manchester University Press
Total Pages: 437
Release: 2021-07-06
Genre: Political Science
ISBN: 1526154919


Download Keynes and Marx Book in PDF, Epub and Kindle

Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.

The Economics of Keynes

The Economics of Keynes
Author: Mark Hayes
Publisher: Edward Elgar Publishing
Total Pages: 286
Release: 2008-01-01
Genre: Business & Economics
ISBN: 9781781008683


Download The Economics of Keynes Book in PDF, Epub and Kindle

In this guide to general theory, Mark Hayes presents Keynes's illustrious work as a sophisticated Marshallian theory fo the competitive equillibrium of the economy as a whole.

The Essential Keynes

The Essential Keynes
Author: John Maynard Keynes
Publisher: Penguin UK
Total Pages: 654
Release: 2015-04-30
Genre: Business & Economics
ISBN: 0141397365


Download The Essential Keynes Book in PDF, Epub and Kindle

Edited with an introduction by ROBERT SKIDELSKY 'Many of the greatest economic evils of our time are the fruits of risk, uncertainty, and ignorance' John Maynard Keynes was the most influential economist, and one of the most influential thinkers, of the twentieth century. He overturned the orthodoxy that markets were optimally self-regulating, and instead argued for state intervention to ensure full employment and economic stability. This new selection is the first comprehensive single-volume edition of Keynes's writings on economics, philosophy, social theory and policy, including several pieces never before published. Full of irony and wit, they offer a dazzling introduction to a figure whose ideas still have urgent relevance today. John Maynard Keynes (1883-1946) is widely considered to have been the most influential economist of the 20th century. His key books include The Economic Consequences of the Peace (1919); A Treatise on Probability (1921); A Tract on Monetary Reform (1923); A Treatise on Money (1930); and his magnum opus, the General Theory of Employment, Interest, and Money (1936). Robert Skidelsky is Emeritus Professor of Political Economy at Warwick. His three-volume biography of Keynes received numerous awards, including the Lionel Gelber Prize and the Council on Foreign Relations Prize.

Keynes' General Theory

Keynes' General Theory
Author: Thomas Cate
Publisher: Edward Elgar Publishing
Total Pages: 361
Release: 2012-01-01
Genre: Business & Economics
ISBN: 1781001030


Download Keynes' General Theory Book in PDF, Epub and Kindle

This volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory. The essays contained in this volume are divided into four sections. The first section contains three essays that explore the concept of fundamental uncertainty and its unique role in The General Theory. The second section contains five essays that examine the place of The General Theory in the history of macroeconomics since 1936. The third section contains three essays that explore the interrelationships among Keynes, Friedman, Kaldor, Marx and Sraffa and their approaches to macroeconomic theory and policy. The final section contains four essays that provide several new interpretations of The General Theory and its position within macroeconomics. Keynes's General Theory is intended for those students and scholars who are interested in the economics of Keynes and the rich variety of approaches to macroeconomic theory and policy.

Keynes’s General Theory Reconsidered in the Context of the Japanese Economy

Keynes’s General Theory Reconsidered in the Context of the Japanese Economy
Author: Masayuki Otaki
Publisher: Springer
Total Pages: 102
Release: 2016-05-18
Genre: Business & Economics
ISBN: 4431559159


Download Keynes’s General Theory Reconsidered in the Context of the Japanese Economy Book in PDF, Epub and Kindle

This book reconsiders Keynes’s The General Theory of Employment, Interest and Money and establishes a new interpretation. In contrast to the existing models, this book finds that the stickiness in the nominal wage is not crucial for his theory. Moreover, the author has also succeeds in capturing the concept of liquidity in a rigorous mathematical model. In conjunction with the development of the concept of liquidity, the separation of the decision between savings and capital investment, which plays a key role in the principle of effective demand and denies Say’s law, is exactly and originally formulated. The theory thus developed is applicable to elucidating some serious political economic causes that entrap the long-stagnated Japanese economy. For example, an analytical explanation is provided about why disinflation/deflation incessantly progresses despite the exorbitant expansionary monetary policy (ijigen kin-yuu seisaku) by the Bank of Japan. This phenomenon is an unsolvable question from the quantity-theoretic approaches (e.g., monetarism and new Keynesianism) which, although they differ in assumptions concerning the length of adjustment periods, commonly assume that the price level sooner or later rises in proportion to the quantity of money. Owing much to Keynes, the author’s approach considers that the price level is mainly governed by its marginal prime cost which is equal to the nominal wage as a first approximation. As such, the drastically sagging wages during the past 10 years provoke serious disinflation/deflation. It should be noted that this discussion never depends on the quantity of money.