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Distinguished British economist John Maynard Keynes (1883-1946) set off a series of movements that drastically altered the ways in which economists view the world. In his most important work, The General Theory of Employment, Interest, and Money (1936), Keynes critiqued the laissez-faire policies of his day, particularly the proposition that a normally functioning market economy would bring full employment. Keynes's forward-looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented. For Keynes, enlightened government intervention in a nation's economic life was essential to curbing what he saw as the inherent inequalities and instabilities of unregulated capitalism.
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'"The General Theory" is nothing less than an epic journey out of intellectual darkness. That, as much as its continuing relevance to economic policy, is what makes it a book for the ages. Read it, and marvel.' - From the introduction by Paul KrugmanAbout the Author:
John Maynard Keynes was born in Cambridge, England, on July 5, 1883. His father, John Neville Keynes, was a professor and administrator at Cambridge University and himself the author of The Scope and Methods of Political Economy. After attending Eton (1897-1902), Keynes entered King's College, where he studied economics. Following graduation, he worked in the India Office (1906-1908); lectured on economics at Cambridge (1908); was made a fellow of King's College (1909), editor of the Economic Journal, and secretary of the Royal Economic Society (1911); and accepted a position in the British treasury.In 1919 Keynes was principal representative of the treasury at the Paris Peace Conference. Disturbed by developments at the conference, however, he soon resigned. His Economic Consequences of the Peace (1919) gave voice to his strong objection to the punitive measures being enacted against Germany. In this eloquently argued and strangely prescient work, Keynes detailed the problems that would result from the war reparations to be made by conquered Germany beyond her ability to pay, as well as the devastating economic, social, and political consequences of continuing European ultranationalism. Keynes returned to England to resume teaching at Cambridge (1920-37), during which time he gave the Sidney Ball Lecture that was published as the pamphlet The End of Laissez-Faire (1926) and wrote his main work, The General Theory of Employment, Interest, and Money (1935-36). Critiquing the neoclassical theory of Alfred Marshall, namely, that a normally functioning market
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Book Description Prometheus Books, 1997. Paperback. Condition: New. Reprint. Seller Inventory # DADAX1573921394
Book Description Prometheus, 1997. Condition: New. book. Seller Inventory # M1573921394
Book Description Prometheus. PAPERBACK. Condition: New. 1573921394 New Condition. Seller Inventory # NEW33.1261118
Book Description Prometheus Books, 1997. Paperback. Condition: New. Reprint. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. Buy with confidence, excellent customer service!. Seller Inventory # 1573921394n
Book Description Condition: New. New. Seller Inventory # M-1573921394