The General Theory of Employment, Interest and Money, Paperback / softback Book

The General Theory of Employment, Interest and Money Paperback / softback

Part of the The Macat Library series

Description

John Maynard Keynes's 1936 General Theory of Employment, Interest and Money is a perfect example of the global power of critical thinking.

A radical reconsideration of some of the founding principles and accepted axioms of classical economics at the time, it provoked a revolution in economic thought and government economic policies across the world.

Unsurprisingly, Keynes's closely argued refutation of the then accepted grounds of economics employs all the key critical thinking skills: analysing and evaluating the old theories and their weaknesses; interpreting and clarifying his own fundamental terms and ideas; problem solving; and using creative thinking to go beyond the old economic theories.

Perhaps above all, however, the General Theory is a masterclass in problem solving.

Good problem solvers identify their problem, offer a methodology for solving it, and suggest solutions.

For Keynes the problem was both real and theoretical: unemployment.

A major issue for governments during the Great Depression, unemployment was also a problem for classical economics.

In classical economics, theoretically, unemployment would always disappear.

Keynes offered both an explanation of why this was not the case in practice, and a range of solutions that could be implemented through government monetary policy.

Information

  • Format: Paperback / softback
  • Pages: 106 pages
  • Publisher: Macat International Limited
  • Publication Date:
  • Category: Economics
  • ISBN: 9781912127900

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