The General Theory of Employment, Interest, and Money by John Maynard Keynes
This book by John Maynard Keynes is a groundbreaking economic treatise that revolutionized the field of macroeconomics. It provides a comprehensive analysis of the causes of unemployment, the determination of interest rates, and the role of money in the economy. Keynes' General Theory of Employment, Interest,
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology – the "Keynesian Revolution". It had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision-making.