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The General Theory of Employment, Interest, and Money

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( 146 )
397 pages
Sprache:
 German
Revered on the left, abhorred on the right, the book has been dragged back into the public spotlight after the previous economic crisis.Time to look out the window.
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The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money

In short, he was proposing a theory of the world he had just lived through: far from being the default condition of perfect markets, stability was an unpredictable and even scarce byproduct of unregulated economic activity.His statements on liquidity demonstrate both his wit and the strength of his thoughts. He also deserves a lot of credit for including an especially strong understanding of human nature and social psychology, topics far too often neglected in modern economics.He does not consider this hypothesis far-fetched: on the contrary... Der Vietnamkrieg in Hollywoodfilmen Die Antwort auf den Marxismus ist nach meiner Ansicht auf den Linien dieses Vorwortes zu finden.But seventy pages later there is a fairly clear statement that liquidity preference and the quantity of money are indeed "measured in terms of wage-units" (p246).

The preference for direct over roundabout processes will depend on the rate of interest.It would need a volume of a different character from this one to indicate even in outline the practical measures in which they might be gradually clothed. Oh yeah, and his central conclusion (that interest rates and the rate of employment run together) is demonstrably false.Dit zal denk ik niet in een keer, maar in de loop van de komende tien jaar gebeuren. Iran In looking at the propensity to consume, Keynes argues and, rightfully so, that this is the driver of the economy and it produces a multiplier, creating greater economic prosperity as a whole.Revered on the left, abhorred on the right, the book has been dragged back into the public spotlight after the previous economic crisis.