The General Theory of Employment, Interest and Money
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Altersempfehlung
ab 12 Jahr(e)
Erscheinungsdatum
20.07.2023
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The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology - the "Keynesian Revolution".
The book is divided into two parts. The first part, "The Pure Theory of Employment", sets out Keynes's theoretical framework for understanding the determination of employment levels. The second part, "The Applied Theory of Employment", applies this framework to the specific problems of the Great Depression.
Keynes's key argument is that the level of employment is not determined by the supply of labor, as classical economists had argued, but by the demand for goods and services. If the demand for goods and services is insufficient, then there will be unemployment, even if there are willing workers available.
Keynes argued that the government can play a role in stimulating aggregate demand through fiscal policy, such as increasing government spending or cutting taxes. He also argued that the central bank can play a role by increasing the money supply, which will lower interest rates and make it easier for businesses to invest and hire workers.
The General Theory of Employment, Interest and Money was a highly influential book, and its ideas have been incorporated into mainstream economic thinking. However, it has also been criticized by some economists, who argue that it is too simplistic and that it does not take into account all of the factors that affect employment levels.
Despite these criticisms, The General Theory of Employment, Interest and Money remains one of the most important books in the history of economics. It has had a profound impact on economic policy, and its ideas continue to be debated and discussed by economists today.
John Maynard Keynes was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He was born in Cambridge, England, in 1883, and educated at Eton College and King's College, Cambridge.
Keynes's early work focused on probability theory, but he later turned his attention to economics. In 1936, he published his magnum opus, The General Theory of Employment, Interest and Money, which revolutionized economic thinking.
The book is divided into two parts. The first part, "The Pure Theory of Employment", sets out Keynes's theoretical framework for understanding the determination of employment levels. The second part, "The Applied Theory of Employment", applies this framework to the specific problems of the Great Depression.
Keynes's key argument is that the level of employment is not determined by the supply of labor, as classical economists had argued, but by the demand for goods and services. If the demand for goods and services is insufficient, then there will be unemployment, even if there are willing workers available.
Keynes argued that the government can play a role in stimulating aggregate demand through fiscal policy, such as increasing government spending or cutting taxes. He also argued that the central bank can play a role by increasing the money supply, which will lower interest rates and make it easier for businesses to invest and hire workers.
The General Theory of Employment, Interest and Money was a highly influential book, and its ideas have been incorporated into mainstream economic thinking. However, it has also been criticized by some economists, who argue that it is too simplistic and that it does not take into account all of the factors that affect employment levels.
Despite these criticisms, The General Theory of Employment, Interest and Money remains one of the most important books in the history of economics. It has had a profound impact on economic policy, and its ideas continue to be debated and discussed by economists today.
John Maynard Keynes was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He was born in Cambridge, England, in 1883, and educated at Eton College and King's College, Cambridge.
Keynes's early work focused on probability theory, but he later turned his attention to economics. In 1936, he published his magnum opus, The General Theory of Employment, Interest and Money, which revolutionized economic thinking.
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Über den Inhalt des Buches muss man nicht viele Worte verlieren. Wer einen Klassiker wie Keynes' General Theory sucht, der weiß was ihn erwartet. Diese Ausgabe zeichnet sich durch ein gutes Preis-Leistungs-Verhältnis aus. Auch wenn der Druck nicht beste Lesbarkeit garantiert und in meiner Ausgabe eine Seite ein anderes Schriftbild aufweist als der Rest des Buches, ist dies aufgrund des guten Preises noch zu verschmerzen. 4 Sterne für einen Klassiker, den man gelesen haben sollte in einer Druckfassung, an der Studenten und preisbewusste Kunden gefallen finden sollten.
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J.M. Keynes "General Theory" war definitiv ein Meilenstein in der Entwicklung der modernen Makroökonomik und begründete den nach ihm benannten Keynesianismus. Wichtigste Erkenntnis dieses Werkes ist die mögliche (in der klassischen Theorie aber nicht vorgesehene) Diskrepanz zwischen Einkommen und Konsum, die zu unfreiwilliger Arbeitslosigkeit führt. Für jeden, der sich mit Volkswirtschaftslehre, speziell mit Makroökonomik, beschäftigt ist dieser Klassiker eine Pflichtlektüre und die englische Fassung ist nach kurzer Eingewöhnung der deutschen eindeutig vorzuziehen. Der Druck der Great Minds Series ist nicht perfekt, aber für diesen Preis auf jeden Fall in Ordnung.