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54 ratings, 4.04 average rating, 10 reviews
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published
May 1997
(first published 1953)
by Prometheus Books
binding
Paperback, 403 pages
isbn
1573921394
(isbn13: 9781573921398)
description
Distinguished British economist John Maynard Keynes (1883-1946) set off a series of movements that dramatically altered the ways in which economists v...more
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other reviews (showing 1-20 of 157)
The General Theory Of Employment, Interest, And Money
John Maynard Keynes
Chapter 1
The General Theory
I have called this book the General Theory of Employment, Interest and Money, placing the emphasis on the prefix general. The object of such a title is to contrast the character of my arguments and conclusions with those of the classical(1) theory of the subject, upon which I was brought up and which dominates the economic thought, both practical and theoretical, of the governing an...more
John Maynard Keynes
Chapter 1
The General Theory
I have called this book the General Theory of Employment, Interest and Money, placing the emphasis on the prefix general. The object of such a title is to contrast the character of my arguments and conclusions with those of the classical(1) theory of the subject, upon which I was brought up and which dominates the economic thought, both practical and theoretical, of the governing an...more
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Read in July, 2007
A book that George the second should read. One of the key elements of his argument to me is the "crazy" premise that rich people save money at a greater rate than poor people. Attacks alot of neoclassical theories in a very intuitive way. The question that remains, for the reader, is what does our government do about this in terms of policy, regulation and implementation. Whether or not you agree with the entirety of Keynes conclusions or arguments is irrelevant. This is a very im...more
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Not a light read. Get a pen and paper and calculator for this one. Impactful arguments that molded our current financial structure for better or for worse. His discussion on person perference on cash liquidity or, if one chooses, illiquidity rings out in current times with savings rates so low or even negative in some periods.
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Read in November, 2007
The ideas (of which we all kinda know the basics) rate 4 or even 5 stars, but even when he's not wedging economic variables into algebraic equations, his prose tied me in knots even I could tell weren't necessary.
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Clearly for my AP Economics class. It's rather interesting to read the very beginnings of modern economics, where you get to dissect what actually holds true today and what currently doesn't.
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2 comments
painfully technical in economics detail, but very relevant to the recent credit crisis
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I couldn't do it! This book is so dry, it's not even used as a text.
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quotes from this book
"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas. . . . [S]oon or late, it is ideas, not vested interests, which are dangerous for good or evil."
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