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The Keynes Perplex.

A literary criticism of the book "The General Theory of Employment, Interest, and Money" by John Maynard Keynes is presented. Topics discussed include course of how economists think about macroeconomics and its theoretical merits and policy implications; Keynes claimed that insufficient aggregate in...

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Published in:Independent Review Vol. 24; no. 4; pp. 543 - 556
Main Author: BUTOS, WILLIAM N.
Format: Literary Criticism
Published: Independent Institute Spring2020
Subjects:
Keynes, John Maynard, 1883-1946
Business cycles
Capitalism
Economics
Macroeconomics
Interest rates
Online Access:View this record in EBSCOhost
Summary:A literary criticism of the book "The General Theory of Employment, Interest, and Money" by John Maynard Keynes is presented. Topics discussed include course of how economists think about macroeconomics and its theoretical merits and policy implications; Keynes claimed that insufficient aggregate investment causes high unemployment; and Keynes considered his general theory a major and path breaking theoretical contribution to economics.