Author:John Maynard Keynes

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The General Theory of Employment, Interest and Money

By: John Maynard Keynes

Price: $24.71

Publisher: New Delhi, Gyan Books Pvt. Ltd..: 2017

Seller ID: 700118

ISBN: 9789351285267

Condition: New


The author spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an under employment equilibrium, something is necessary to bo... View more info

The General Theory of Employment, Interest and Money

By: John Maynard Keynes

Price: $25.31

Publisher: New Delhi, Gyan Books Pvt. Ltd..: 2017

Seller ID: 700119

ISBN: 9789351285267

Condition: New


The author spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an under employment equilibrium, something is necessary to bo... View more info