An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money Paperback / softback
by John Collins
Part of the The Macat Library series
Paperback / softback
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
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Only a few left - usually despatched within 24 hours
- Format:Paperback / softback
- Pages:112 pages
- Publisher:Macat International Limited
- Publication Date:04/07/2017
- Category:
- ISBN:9781912127900
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Information
-
Only a few left - usually despatched within 24 hours
- Format:Paperback / softback
- Pages:112 pages
- Publisher:Macat International Limited
- Publication Date:04/07/2017
- Category:
- ISBN:9781912127900
