The General Theory of Employment, Interest and MoneyAtlantic Publishers & Dist, 2016 - 351 Seiten John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment 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 decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning |
Inhalt
The General Theory | 3 |
The Postulates of the Classical Economics | 4 |
The Principle of Effective Demand | 21 |
DEFINITIONS AND IDEAS | 31 |
The Choice of Units | 33 |
Expectation as Determining Output and Employment | 41 |
The Definition of Income Saving and Investment | 47 |
The Meaning of Saving and Investment Further Considered | 68 |
The General Theory of the Rate of Interest | 148 |
The Classical Theory of the Rate of Interest | 157 |
The Psychological and Business Incentives to Liquidity | 176 |
Sundry Observations on the Nature of Capital | 190 |
The Essential Properties of Interest and Money | 201 |
The General Theory of Employment Restated | 221 |
MONEYWAGES AND PRICES | 231 |
Changes in MoneyWages | 233 |
THE PROPENSITY TO CONSUME | 79 |
The Propensity to Consume I The Objective Factors | 81 |
The Propensity to Consume II The Subjective Factors | 97 |
The Marginal Propensity to Consume and the Multiplier | 102 |
THE INDUCEMENT TO INVEST | 119 |
The Marginal Efficiency of Capital | 121 |
The State of Longterm Expectation | 132 |
The Employment Function1 | 256 |
The Theory of Prices | 267 |
SHORT NOTES SUGGESTED BY THE GENERAL THEORY | 283 |
Notes on the Trade Cycle | 285 |
Notes on Mercantilism the Usury Laws Stamped Money and Theories of UnderConsumption | 303 |
Concluding Notes on the Social Philosophy towards which the General Theory might Lead | 341 |
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The General Theory of Employment, Interest, and Money John Maynard Keynes Eingeschränkte Leseprobe - 1964 |
The General Theory of Employment, Interest, and Money John Maynard Keynes Keine Leseprobe verfügbar - 2017 |
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