General Theory of Employment, Interest and Money

Discipline: Economics

The title of a book by English economist John Maynard Keynes (1883-1946), general theory of employment, interest and money represents a major contribution to modern economic thought.

It attacked classical economics and put forward important theories on the consumption function, aggregate demand, the multiplier, marginal efficiency of capital, liquidity preference and expectations.

Also see: absolute income hypothesis, aggregate demand theory, demand for money theory, disequilibrium theory, marginal efficiency of capital, natural and warranted rates of growth, own rate of interest, paradox of thrift, theory of income determination

Source:
J M Keynes, The General Theory of Employment, Interest and Money (New York, 1936)

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