Paperback. Condition: New. Language: English. ABOUT THE BOOK: The author spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an under employment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decision, it is unlikely to rapidly restore full employment ABOUT THE AUTHOR: John Maynard Keynes (5 June 1883 21 April 1946) was a British economist and professor at Cambridge. He was a prolific author and lecturer and advised many governments and policy makers on economic policy. At the 1944, Bretton woods conference, where the International Monetary Fund was established, Keynes was one of the architects of the post war system of fixed exchange rates. Contrary to some of his critics assertion, Keynes was a relatively strong advocate of free markets. The author believed that once full employment had been achieved by Fiscal Policy measures, the market mechanism could then operate freely. His selected works are: Indian Currency and Finance; The Economic consequences of the peace; A Tract of Monetary Reform; The Economic consequences of Mr. Churchill; A Treatise of money CONTENTS: BOOK I CHAPTER 1 THE GENERAL THEORY (3) CHAPTER 2 THE POSTULATES OF THE CLASSICAL ECONOMICS (4) CHAPTER 3 THE PRINCIPLE OF EFFECTIVE DEMAND (23) BOOK II Definitions and Ideas CHAPTER 4 THE CHOICE OF UNITS (37) CHAPTER 5 EXPECTATION AS DETERMINING OUTPUT AND EMPLOYMENT (46) CHAPTER 6 THE DEFINITION OF INCOME, SAVING AND INVESTMENT (52) Appendix on User Cost (66) CHAPTER 7 THE MEANING OF SAVING AND INVESTMENT FURTHER CONSIDERED (74) BOOK III The Propensity to Consume CHAPTER 8 THE PROPENSITY TO CONSUME: I THE OBJECTIVE FACTORS (89) CHAPTER 9 THE PROPENSITY TO CONSUME: II THE SUBJECTIVE FACTORS (107) CHAPTER 10 THE MARGINAL PROPENSITY TO CONSUME AND THE MULTIPLIER (113) BOOK IV CHAPTER 11 THE MARGINAL EFFICIENCY OF CAPITAL (135) CHAPTER 12 THE STATE OF LONGTERM EXPECTATION (147) CHAPTER 13 THE GENERAL THEORY OF THE RATE OF INTEREST (165) CHAPTER 14 THE CLASSICAL THEORY OF THE RATE OF INTEREST (175) APPENDIX ON THE RATE OF INTEREST IN MARSHALL'S PRINCIPLES OF ECONOMICS, RICARDO'S PRINCIPLES OF POLITICAL ECONOMY, AND ELSEWHERE (186) CHAPTER 15 THE PSYCHOLOGICAL AND BUSINESS INCENTIVES TO LIQUIDITY (194) CHAPTER 16 SUNDRY OBSERVATIONS ON THE NATURE OF CAPITAL (210) CHAPTER 17 THE ESSENTIAL PROPERTIES OF INTEREST AND MONEY (222) CHAPTER 18 THE GENERAL THEORY OF EMPLOYMENT RESTATED (245) BOOK V Moneywages and Prices CHAPTER 19 CHANGES IN MONEYWAGES (257) APPENDIX ON PROFESSOR PIGOU'S 'THEORY OF UNEMPLOYMENT (272) CHAPTER 20 THE EMPLOYMENT FUNCTION (280) CHAPTER 21 THE THEORY OF PRICES (292) BOOK VI Short Notes Suggested by the General Theory CHAPTER 22 NOTES ON THE TRADE CYCLE (313) CHAPTER 23 NOTES ON MERCANTILISM, THE USURY LAWS, STAMPED MONEY AND THEORIES OF UNDERCONSUMPTION (333) CHAPTER 24 CONCLUDING NOTES ON THE SOCIAL PHILOSOPHY TOWARDS WHICH THE GENERAL THEORY MIGHT LEAD (372) INDEX (385) The Title 'The General Theory of Employment, Interest and Money written/authored/edited by John Maynard Keynes', published in the year 2017. The ISBN 9789351285267 is assigned to the Paperback version of this title. This book has total of pp. 417 (Pages). The publisher of this title is Kalpaz Publications. This Book is in English. The subject of this book is Business & Money / Personal Finance / Budgeting & Money Management. Size of the book is 13.34 x 21.59 cms 417. Seller Inventory # PB1111008615891

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