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The General Theory Of Employment, Interest And Money

Name: The General Theory Of Employment, Interest And Money
Brand: Sanage Publishing House
SKU: 9789394924239
Price: 29.99 USD
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Contributors:

John Maynard Keynes

Publisher:

Sanage Publishing House

Binding:

Hardcover

Book Category:

Business & Economics

Book Subcategory:

Economics

Book Topic:

Macroeconomics

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The product is eligible for a complimentary return within 30 days from the date of purchase. Furthermore, individual items are shipped within 24 hours of receiving the order.

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Release Date:

2022-07-19

ISBN 13:

9789394924239

Weight:

1.39 lbs

Size:

8.50 x 5.50 x 1.00 inches

Pages:

380

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product description

Description

The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes and is generally considered to be Keynes' magnum opus, and is largely credited with creating the terminology and shape of modern macroeconomics. The General Theory of Employment, Interest and Money had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Keynes denied that an economy would automatically adapt to provide full employment even in equilibrium, and believed that the volatile and ungovernable psychology of markets would lead to periodic booms and crises. The General Theory is a sustained attack on the classical economics orthodoxy of its time. It introduced the concepts of the consumption function, the principle of effective demand and liquidity preference, and gave new prominence to the multiplier and the marginal efficiency of capital.