The General Theory of Employment, Interest and Money
Assigned by 1 of the 9 reading lists, catalogue entry only
- Written
- 1936
- Form
- Economics
- Language
- English
- Length
- Long · 400 pp300 to 700 pages
- Difficulty
- Formidable5 of 5 for a first-year reader
We recommendThe General Theory of Employment, Interest, and MoneyPalgrave Macmillan, 2018The Royal Economic Society text with a new introduction by Paul Krugman.
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Written during the Depression, the book argues against the classical view that markets tend toward full employment. Keynes holds that the level of employment is set by aggregate demand, that saving and investment are brought into equality by changes in income rather than in the interest rate, that the rate of interest is governed by the preference for holding money, and that investment depends on expectations, animal spirits and the state of confidence. An economy can settle at an equilibrium with mass unemployment; the remedy is public investment and management of demand. Its six books are dense and its last chapter unusually plain.
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The catalogue entry above is complete: the dates, the form, the themes and every program that assigns The General Theory of Employment, Interest and Money are verified against each program's published list.
What is missing is the part that takes real work: the summary, the key passages, and a recommended translation. The edition named below is the one most programs assign, so the buy links are useful already.
