In 1936 Keynes published "The General Theory of Employment, Interest and Money". Why was it so important? What did it say? How did it change things? Did the answer it provided to unemployment make inflation inevitable? Has Keynesianism been superseded by monetarism? How far do economic policies influence unemployment levels? These issues are discussed in this introduction to Keynes' work and ideas.
A bit dated nowadays but does a fantastic job explaining Keynesians economics in a way that only requires one re-read and doesnt leave you with a headache. Also some good history on Keynes himself and some interesting economic highlights of the 20th century.
The first half provides a good layman's summary of Keynes' theories and is still worth a read for the curious and time constrained. The second is a somewhat dated application of these theories to the mid 1960s.
Brilliant expose to the layperson of JM Keynes, his General Theory and determination to see it implement. Michael Stewart writes about complex concepts & situations with the simplicity of JK Galbraith. This might sound odd for an economics book but it is a "great read".
One of the best introductory books for someone wanting to get to grips with Keynes and his economic theories which transformed western economies in the 1930s.
There are many misapprehensions about Keynes, leading to viewing him as responsible for the sorry state of public finances in many Western nations. This book was helpful to me for separating the achievement of the man from the abuse of his theories.