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The General Theory of Employment, Interest, and Money
PKR 8624
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Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts.
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- The General Theory of Employment, Interest and Money is Keynes' masterpiece published right after the Great Depression. It sought to bring about a revolution, commonly referred to as the Keynesian Revolution, in the way economists thought - especially challenging the proposition that a market economy tends naturally to restore itself to full employment on its own. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts. It remains a relevant topic of debate to this day, perhaps more than ever. Given the economic turmoil of recent years, this debate is more heated than ever, between the Keynesian model of economics of Bush and Obama which favors bailouts and other government intervention to try to stabilize the market, and the Austrian school of economics which sees government intervention as detrimental and favors letting the market sort itself out on its own with minimal government interference. You decide.
| Publisher | Print On Demand |
| Publication date | October 11, 2018 |
| Edition | 1st |
| Language | English |
| File size | 610 KB |
| Screen Reader | Supported |
| Enhanced typesetting | Enabled |
| X-Ray | Not Enabled |
| Word Wise | Enabled |
| Print length | 284 pages |
| ISBN-13 | 978-1773232607 |
| Page Flip | Enabled |
| Item Weight | 2.5 lbs (1.13 kg) |
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Theory Editorial Review
The B07JCJXDG4 edition of "The General Theory of Employment, Interest and Money" by John Maynard Keynes is being sold by a knock-off publisher, rendering all mathematical notation unreadable according to one review. Another review warns potential buyers of the micro-sized print, while yet another warns of spelling errors and illegible text. Despite these production issues, some find the content of the book to be informative and historically valuable. Key themes from the book include critiques of macroeconomics as a pseudoscience, the limitations of Keynesian economics, and the role of state intervention in economic management.
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Pros
- Informative content
- Historically significant
Cons
- Poor printing quality
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PKR 8624
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Features & Benefits
- Published after the Great Depression, a revolutionary work by Keynes.
- Challenges the belief in self-restoring market economies.
- Foundational to the Keynesian Revolution in economic thought.
- Debates between Keynesian and Austrian economics are more relevant now than ever.
- Promotes government intervention versus minimal interference perspectives.
- An essential read for understanding modern economic debates.
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