The general theory of employment, interest and money
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Bibliographic Information
The general theory of employment, interest and money
（The collected writings of John Maynard Keynes, v. 7）
Cambridge University Press for the Royal Economic Society, 2013
- : pbk
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Note
"Third edition published 2007; This edition publiushed in 2013"--T.p. verso
Includes index
Description and Table of Contents
Description
In 1936 Keynes published the most provocative book written by any economist of his generation. The General Theory, as it is known to all economists, cut through all the Gordian Knots of pre-Keynesian discussion of the trade cycle and propounded a new approach to the determination of the level of economic activity, the problems of employment and unemployment and the causes of inflation. Arguments about the book continued until his death in 1946 and still continue today. Despite all that has been written in the subsequent years, Keynes and his book still represent the turning point between the old economics and the new from which each generation of economists needs to take its inspiration.
Table of Contents
- Part I. Introduction: 1. The general theory
- 2. The postulates of the classical economics
- 3. The principle of effective demand
- Part II. Definitions and Ideas: 4. The choice of units
- 5. Expectation as determining output and employment
- 6. The definition of income, saving and investment
- 7. The meaning of saving and investment further considered
- Part III. The Propensity to Consume: 8. The propensity to consume - i. The objective factors
- 9. The propensity to consume - ii. The subjective factors
- 10. The marginal propensity to consume and the multiplier
- Part IV. The Inducement to Invest: 11. The marginal efficiency of capital
- 12. The state of long-term expectation
- 13. The general theory of the rate of interest
- 14. The classical theory of the rate of interest
- 15. The psychological and business incentives to liquidity
- 16. Sundry observations on the nature of capital
- 17. The essential properties of interest and money
- 18. The general theory of employment re-stated
- Part V. Money-wages and Prices: 19. Changes in money-wages
- 20. The employment function
- 21. The theory of prices
- Part VI. Short Notes Suggested by the General Theory: 22. Notes on the trade cycle
- 23. Notes on mercantilism, the usury laws, stamped money and theories of under-consumption
- 24. Concluding notes on the social philosophy towards which the general theory might lead.
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