The General Theory of Employment, Interest and Money

Description

The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes, first published in 1936. The book attempts to explain why unemployment can remain high long after a recession is over, and argues that the level of employment is determined not by the price of labour, but by the level of aggregate demand. It caused a shift in economic thought when it was published, and brought about what is called the Keynesian Revolution - putting macroeconomics at the heart of economic theory. Covering subjects such as consumerism, investment, wages, and prices, Keynes' book was equally praised and criticised and in 2011 the book was placed on Time's top 100 non-fiction books.

Part of the Encyclopaedia Britannica’s Great Books of the Western World set.

This book has 119,166 words, 198 pages in the PDF version, and was originally published in 1936.

Production notes: This ebook of The General Theory of Employment, Interest and Money was published by Global Grey on the 4th April 2022. The artwork used for the cover is 'Factory workers going to work' by L S Lowry.