Publisher's Synopsis
The General Theory of Employment, Interest and Money is a seminal work of economic theory written by John Maynard Keynes. First published in 1936, the book is considered one of the most influential works of economics in the 20th century. The book is a critique of classical economics and argues that government intervention is necessary to stabilize the economy during times of recession. Keynes argues that the economy is not self-correcting and that government policies, such as fiscal and monetary policies, are necessary to stimulate demand and create jobs. The book also introduces the concept of aggregate demand and the multiplier effect, which explains how government spending can lead to increased economic activity. The General Theory of Employment, Interest and Money is a complex work that has been the subject of much debate and discussion in the field of economics. It remains a significant contribution to economic theory and continues to influence economic policy today.This is a new release of the original 1936 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
