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The General Theory of Employment Interest and Money (Paperback)
Loot Price: R549
Discovery Miles 5 490
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The General Theory of Employment Interest and Money (Paperback)
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Loot Price R549
Discovery Miles 5 490
Expected to ship within 10 - 15 working days
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2010 Reprint of 1936 edition. Full fledged Facsimile of original
first U.S. edition. No changes or omissions from the original
format. The General Theory of Employment, Interest and Money is
generally considered to be Keynes' magnum opus, and is largely
credited with creating the terminology and shape of modern
macroeconomics. Published in February 1936 it sought to bring about
a revolution, commonly referred to as the "Keynesian Revolution,"
in the way economists thought - especially in relation to the
proposition that a market economy tends naturally to restore itself
to full employment after temporary shocks. Regarded widely as the
cornerstone of Keynesian thought, the book challenged the
established classical economics and introduced important concepts
such as the consumption function, the multiplier, the marginal
efficiency of capital, the principle of effective demand and
liquidity preference.
General
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