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The General Theory of Employment, Interest and Money by  John Maynard Keynes - First edition - 1936 - from James Cummins Bookseller and Biblio.com

The General Theory of Employment, Interest and Money

by Keynes, John Maynard

Condition: Original blue-green publisher's cloth, spine gilt The printed jacket is unclipped and in very good condition with the usual


London: Macmillan and Co, 1936. First edition. 403pp. 8vo. Original blue-green publisher's cloth, spine gilt The printed jacket is unclipped and in very good condition with the usual sunning to the spine. First edition. 403pp. 8vo. From the moment of publication to the current day, it's difficult to overstate the impact Keynes and his General Theory has had on the field of macroeconomics. "The world-wide slump after 1929 prompted Keynes to attempt an explanation of, and new methods for controlling, the vagaries of the trade cycle... [h]e subjected the definitions and theories of the classical school of economists to a penetrating scrutiny and found them seriously inadequate and inaccurate" (PMM). Controversial and divisive, it was received with enthusiasm by some and dismissed as a recipe for inflation by others. Put briefly, his analysis demonstrated that "[e]conomic policy should [ultimately] provide for the management of demand as a means of controlling the level of output and seek to ensure the fullest possible use of available resources" (ODNB). Keynes's General Theory provides an invaluable critique and thus is a sort of companion volume of the likes of Adam Smith. Indeed, this and The Wealth of Nations should be considered the two pillars of any serious collection of books on economics. PMM 423


The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics.




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