The General Theory Of Employment, Interest And Money
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Sprache:Englisch
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Verlag:Sanage Publishing House
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Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
19.07.2022
Verlag
Sanage Publishing HouseSeitenzahl
380
Maße (L/B/H)
21.6/14/2.3 cm
Gewicht
535 g
Sprache
Englisch
ISBN
978-93-94924-22-2
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes and is generally considered to be Keynes' magnum opus, and is largely credited with creating the terminology and shape of modern macroeconomics. The General Theory of Employment, Interest and Money had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Keynes denied that an economy would automatically adapt to provide full employment even in equilibrium, and believed that the volatile and ungovernable psychology of markets would lead to periodic booms and crises. The General Theory is a sustained attack on the classical economics orthodoxy of its time. It introduced the concepts of the consumption function, the principle of effective demand and liquidity preference, and gave new prominence to the multiplier and the marginal efficiency of capital.