An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money
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An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money by John Collins
John Maynard Keynes’s 1936 General Theory of Employment, Interest and Money is a perfect example of the global power of critical thinking. A radical reconsideration of some of the founding principles and accepted axioms of classical economics at the time, it provoked a revolution in economic thought and government economic policies across the world. Unsurprisingly, Keynes’s closely argued refutation of the then accepted grounds of economics employs all the key critical thinking skills: analysing and evaluating the old theories and their weaknesses; interpreting and clarifying his own fundamental terms and ideas; problem solving; and using creative thinking to go beyond the old economic theories. Perhaps above all, however, the General Theory is a masterclass in problem solving. Good problem solvers identify their problem, offer a methodology for solving it, and suggest solutions. For Keynes the problem was both real and theoretical: unemployment. A major issue for governments during the Great Depression, unemployment was also a problem for classical economics. In classical economics, theoretically, unemployment would always disappear. Keynes offered both an explanation of why this was not the case in practice, and a range of solutions that could be implemented through government monetary policy.Dr John Collins is a member of the faculty at the London School of Economics, where he is currently Executive Director of the LSE IDEAS International Drug Policy Project.
| SKU | Unavailable |
| ISBN 13 | 9781912302253 |
| ISBN 10 | 191230225X |
| Title | An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money |
| Author | John Collins |
| Series | The Macat Library |
| Condition | Unavailable |
| Binding type | Hardback |
| Publisher | Macat International Limited |
| Year published | 2017-07-15 |
| Number of pages | 112 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |