The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, 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. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will in the long run deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that an absence of competition is not the main issue regarding unemployment, and that even reducing wages or benefits have no major effect.

General Theory of Employment, Interest and Money

Business & Money

John Maynard Keynes

Economics

Harcourt

'...among the glories of modern publishing...edited with exemplary authority and lack of fuss...' - London Review of Books This definitive edition contains all Keynes's published writings, including less accessible articles and letters to the press, as well as previously unpublished speeches, government memoranda and minutes, drafts and economic correspondence. No other writer in this century has done more than Maynard Keynes to change the ways in which economics is taught written. No other economist has done more to change the ways in which nations conduct their economic and financial affairs. The Collected Writings are indispensable to all economists. They are a vital reference work for students, academics and professionals alike.

PALGRAVE~MACMILLAN

A Revision of the Treaty (The Collected Writings of John Maynard Keynes, Vol. 3)

A collection of Keynes's more academic articles and reviews with the related correspondence.

The Collected Writings: Economic Articles and Correspondence - Academic v. 11 (Collected works of Keynes)

Treatise on Money: v. 1: The Pure Theory of Money (Collected works of Keynes)

The Collected Writings: Activities, 1926-28 - The Return to Gold and Industrial Policy v. 19 (Collected works of Keynes)

<p>'...among the glories of modern publishing...edited with exemplary authority and lack of fuss...' - London Review of Books This definitive edition contains all Keynes's published writings, including less accessible articles and letters to the press, as well as previously unpublished speeches, government memoranda and minutes, drafts and economic correspondence. No other writer in this century has done more than Maynard Keynes to change the ways in which economics is taught written. No other economist has done more to change the ways in which nations conduct their economic and financial affairs. The Collected Writings are indispensable to all economists. They are a vital reference work for students, academics and professionals alike.</p>

The Collected Writings: Activities, 1931-39 - World Crisis and Policies in Britain and America v. 21 (Collected works of Keynes)

The General Theory of Employment Interest and Money: v. 7 (Collected works of Keynes)

The Activities 1922-1932: v. 18: The End of Reparations (Collected works of Keynes)

This volume deals with Keynes's contributions to the internal financing of the Second World War.

The Activities 1939-1945: v. 22: Internal War Finance (Collected works of Keynes)

Macmillan

See the best price to sell, buy, or rent books by John Maynard Keynes. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by John Maynard Keynes

See the best price to sell, buy, or rent books by John Maynard Keynes. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

General Theory of Employment, Interest and Money

General Theory of Employment, Interest and Money

A Revision of the Treaty (The Collected Writings of John Maynard Keynes, Vol. 3)

The Collected Writings: Economic Articles and Correspondence - Academic v. 11 (Collected works of Keynes)

Treatise on Money: v. 1: The Pure Theory of Money (Collected works of Keynes)

The Collected Writings: Activities, 1926-28 - The Return to Gold and Industrial Policy v. 19 (Collected works of Keynes)

The Collected Writings: Activities, 1931-39 - World Crisis and Policies in Britain and America v. 21 (Collected works of Keynes)

The General Theory of Employment Interest and Money: v. 7 (Collected works of Keynes)

The Activities 1922-1932: v. 18: The End of Reparations (Collected works of Keynes)

The Activities 1939-1945: v. 22: Internal War Finance (Collected works of Keynes)