John Maynard Keynes' The General Theory of Employment, Interest, and Money

Simone: Spedizione perfetta, il libro è arrivato integro

Italy on Mar 21, 2023

Márcio Oliveira: Excelente livro

Brazil on Jun 02, 2019

Luis Díez: libro cabecera de cualquier economista, aunque sus teorías ya han sido superadas, pero supusieron el nacimiento de la economía moderna

Spain on Dec 28, 2018

Bill Davies: I found this a heavy book

Canada on Dec 29, 2017

Jorge Fuentes: Fantastic book. It is indeed a fantastic book. Fantastic book. It is indeed a fantastic book. Amazing, amazing, amazing, wow wow wow wow wow wow wow wow

Mexico on Oct 21, 2017

Tanthallas: The goal of the GT was to revolutionize the discipline of economics itself. Keynes' presentation was formal - however the real conflict was not with definitions of economic categories, nor with any economic-theoretic concepts as such, but instead with the entire shape which the 'science' of economics had espoused and its real world limitations. What else does 'revolution' mean but a complete upheaval of what was formerly the word of truth and order. It is the goal of this review to put lay the grounds of the theoretical conflict Keynes waged on conventional thought and unveil the essence of Keynes' disagreement.
I

The opening chapter of 'The General Theory of Employment, Interest, and Money' is titled 'The Postulates of the Classical Economics'. This is because Keynes himself believed that his challenge was to the theoretical core of what was then the entirety of developed economic theory - apparently the economic-theoretic tradition ranging from Ricardo through Marshall. He called this the 'classical tradition' and identified its inception with the classical political economists as such. In reality Keynes' criticisms had nothing to do with what was classical political...

United States on Jan 30, 2011

Michael Emmett Brady: First,let's write down the core of the classical and/or neoclassical theory Keynes criticized in the General Theory.Let p equal the price level,w equal the money wage,MPL equal the marginal product of labor,mpc equal the marginal propensity to spend on consumption goods,mpi equal the marginal propensity to spend on investment goods(capital or producer goods like machinery,equipment or factories)and mps equal the marginal propensity to save .For the classical- neoclassical theory,the economy is at an optimal state on the boundary of both the static and dynamic production possibilities frontiers if the following equilibrium condition holds for the aggregate labor market:w/p=MPL.For Keynes the condition is w/p=MPL/(mpc+mpi).neoclassical theory is a special case where mpc+mpi=1.Keynes's GT is mpc+mpi<or=1[mpc+mpi is <or= to mpc+mps=1].neoclassical theory is the special case of an econony always operating on the boundaries of both PPF's under resource scarcity so that there is an inverse relationship between consumption goods and investment goods.Only in this special case will classical/neoclassical theory be operational.In a statistical sense,classical/neo. theory assumes that...

United States on Jun 18, 2004