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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. I thrilled to see the arch of his argument, that the classical theory deals only with the special case of full employment, even assumes it. And for others who simply enjoy reading timeless pieces of classic literature, this gem by John Maynard Keynes is highly recommended. Since there are so many editions floating around I finally managed to find the one pictured on its Wikipedia page, which is from 2007. Perhaps that's a reflection of my lacking intelligence but reading sections repeatedly often yielded more confusion! Find all the books, read about the author, and more. Reviewed in the United Kingdom on July 18, 2017. This masterpiece was published right after the Great Depression. We also have his ideas on interest, wages, and of course sticky prices. In other words, buy now so that others have to pay more, of which you'll sell even greater. The General Theory Of Employment Interest And Money. The General Theory Of Employment, Interest, And Money. Reviewed in the United States on March 15, 2018. Please try again. It is widely considered to be one of the top 100 greatest business and economics books of all time. Another wonderful treat is his view of the psychological basis for trade and the market. Reviewed in the United Kingdom on August 3, 2020.

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To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. A Relevant Text in parts, dated in others (obviously) GET THE 2007 KRUGMANN EDITION OR LATER, Reviewed in the United States on March 14, 2017. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Full employment is a temporary phenomenon, an astrological coincidence! There was an error retrieving your Wish Lists. His understanding of economics, particularly macroeconomics, has since made him one of the best-known and most frequently studied economists in modern history. There was a problem loading your book clubs. The General Theory of Employment, Interest, and Money Quotes Showing 1-15 of 15 “Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.” ― John Maynard Keynes, The General Theory of Employment, Interest, and Money Lately people have been seeking to find ways to understand, if not find a breakthrough to beat, the market. John Maynard Keynes possessed a brilliant mind.

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