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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, [1] giving macroeconomics a central place in economic theory and contributing much of its terminology [2] – the "Keynesian Revolution". It had equally powerful ...
Keynes most notably clarified his Theory of Money in catty dialogue [2] with other economists of the day, such as Friedrich Hayek and Dennis Robertson. Keynes described his rejoinder as such “in my Rejoinder to Mr. D. H. Robertson, Published in the Economic Journal for September, 1931, I have endeavoured to re-state in a clearer way what my ...
Vol. 1. Hopes Betrayed 1833-1920 (1983) focuses on Keynes's early life, education, and his emergence as a public intellectual during World War I.Vol. 2. The Economist as Saviour, 1920-37 (1992) covers Keynes's contributions to economics, his involvement in international affairs, and his rise to a prominent economist.
A Tract on Monetary Reform is a book by John Maynard Keynes, published in 1923. [1] Keynes presented an argument in favour of a policy that would try to stabilize the domestic price level. He argued that the Bank of England had the policy tools available to provide a semblance of price stability through its stance on interest rates and its ...
A Guide to Keynes is a non-fiction work by Alvin Hansen, about John Maynard Keynes' work The General Theory. It was first published in 1953. Hansen's guide, 237 pages long. [1] It explains Keynes's General Theory in a chapter-by-chapter fashion more accessible to a beginner.
Keynes had also noted in Chapter 21 the limitations of 'mathematical expectation' for 'rational' decision making. [ 67 ] [ 68 ] Keynes developed this point in his more well-known General Theory of Employment, Interest and Money and subsequently, specifically in his thinking on the nature and role of long-term expectation in economics, [ 69 ...
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Keynes: The Return of the Master is a 2009 book by economic historian Robert Skidelsky. The work discusses the economic theories and philosophy of John Maynard Keynes, and argues about their relevance to the world following the Financial crisis of 2007–2010. In contrast to the 30 years he needed to write his prize-winning biography on Keynes ...