General Theory of Employment, Interest and Money by John Maynard Keynes, Keynes, John Keynes

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(Paperback)

  • Pub. Date: May 1965
  • 420pp
  • Sales Rank: 12,802

    Reader Rating: (5 ratings)

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    Product Details

    • Pub. Date: May 1965
    • Publisher: Houghton Mifflin Harcourt
    • Format: Paperback, 420pp
    • Sales Rank: 12,802

    Synopsis


    This new edition of Keynes' classic text includes a foreword by Paul Krugman.

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    Biography

    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.

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    • Ratings: 5Reviews: 2

    General Theory of Employment, Interest and Moneyby B_E_R_L_I_N

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    January 26, 2009: It's amazing that several issues of the General Theory are today simply ignored. Let's deal with two problems.

    In the first tier Keynes is wondering about this analytical confusion between "marginal productivity" and "marginal efficiency". The last one is only comprehensible by the category of value. As far as the (neo)classical theory is concerned there is no solution for this request.

    Secondly, Keynes notes the vaguely defined category of interest, which is used by the (neo)classical theory. But this vaguely defined category plays not only today a decisive role within the analytical and practical challenges we are faced with.

    Of course, Keynes was mainly interested in a reasonable solution of the problem of economic crisis and how to fight it, but nevertheless he pointed out some very important analytical issues, which seemed to be forgotten over the time.

    Today, facing the globalized economic crisis, it is a good point to take care of the above mentioned issues.

    Geniusby Anonymous

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    August 09, 2005: After decades of primacy Keynesian theories are currently out of vogue with those who make policy. In their stead stand an increasingly dogmatic hybrid of Ayn Rand and Friedrich A. Von Hayek. When the inevitable excess of the acolytes of the rabid right have caused enough damage there will be a moment of Keynesian appreciation. One should read the works before the time comes to lionize them.