The General Theory of Employment, Interest, and Money

Ranked #23 in Macroeconomics, Ranked #34 in Economicssee more rankings.

Distinguished British economist John Maynard Keynes (1883-1946) set off a series of movements that drastically altered the ways in which economists view the world. In his most important work, The General Theory of Employment, Interest, and Money (1936), Keynes critiqued the laissez-faire policies of his day, particularly the proposition that a normally functioning market economy would bring full employment. Keynes's forward-looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented. For Keynes, enlightened government intervention in a... more

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We've comprehensively compiled reviews of The General Theory of Employment, Interest, and Money from the world's leading experts.

Eric Weinstein Managing Director/Thiel CapitalFolks frequently ask “What are the books that changed your life?” If I tell them, they are usually radically disappointed. I find that curious. I just cleared out of an office, and these are books that mattered enough to me to bring home. So here they are. (Source)

Paul Krugman It is a difficult book, because it’s the first book that tries to figure this stuff out. You don’t teach Keynesian economics from Keynes anymore. Keynes was actually working on The General Theory of Employment, Interest and Money before the Great Depression, but, obviously, the Great Depression gave it urgency. It’s a first stab – it’s one hell of a first stab – but because it is a first stab, it’s got all the awkwardnesses that go with that. He goes off on tangents that seemed important to him at the time, but don’t seem so important now. It’s not an easy read. (Source)

Mark Blyth This is an incredibly important book because it shows us that Adam Smith was only right in a special case. (Source)

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