John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator

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Publisher : GRIN Verlag
ISBN 13 : 3640730429
Total Pages : 17 pages
Book Rating : 4.6/5 (47 download)

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Book Synopsis John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator by : Markus Figiel

Download or read book John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator written by Markus Figiel and published by GRIN Verlag. This book was released on 2010-10-21 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studienarbeit aus dem Jahr 2010 im Fachbereich VWL - Geldtheorie, Geldpolitik, Note: 2,0, Universität Hohenheim, Sprache: Deutsch, Abstract: Am 24. Oktober 1929, dem sogenannten "Schwarzen Freitag" brach die New Yorker Börse zusammen. Dieser folgenschwere Tag war der Beginn der "Great Depression", die den historischen Hintergrund für die "General Theory of Employment, Interest and Money" von John Maynard Keynes legte. Die Great Depression beherrschte die Jahre 1929 bis 1933, in denen die weltweite Produktion massiv einbrach und Arbeitslosigkeit ein kollektives Phänomen war. Die damals vorherrschende ökonomische Theorie der Klassiker vertraute auf die selbststabilisierenden Kräfte der Wirtschaft und propagierte Enthaltsamkeit seitens der Politik. Nach, der damals dominierenden Meinung der Klassiker, würden sinkende Löhne und Preise eine Gegentendenz auslösen, die letztendlich die Wirtschaft wieder in ihr Gleichgewicht bei Vollbeschäftigung bringt. Diese Voraussetzungen waren in der Weltwirtschaftskrise erfüllt, Preise und Löhne sanken im großen Umfang, jedoch war eine Tendenz zur Rückkehr zur Vollbeschäftigung nicht erkennbar. Keynes folgerte vor diesem Hintergrund, dass sich die in einer Krise automatisch ausgelöste Tendenz zur Rückkehr zum Gleichgewicht, wenn überhaupt vorhanden, nur sehr langsam und "schmerzhaft" vollzog. Dies verlangte, laut Keynes, nach einer neuen Theorie, die die wahren Gründe der Arbeitslosigkeit beschrieb und zugleich den Weg aus der Krise aufzeigte. Keynes leitendes Interesse bestand darin eine Theorie zu entwickeln, welche die Realität der Krise abbildete und der Wirtschaftspolitik praktische Ratschläge lieferte, wie eine Krise bewältigt werden konnte. Diese Arbeit widmet sich zwei zentralen Gegenständen der "General Theory", nämlich dem Konsum und dem Multiplikator.

The General Theory of Employment, Interest, and Money

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Author :
Publisher : Springer
ISBN 13 : 3319703447
Total Pages : 430 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis The General Theory of Employment, Interest, and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest, and Money written by John Maynard Keynes and published by Springer. This book was released on 2018-07-20 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money

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Publisher : CRC Press
ISBN 13 : 135135311X
Total Pages : 96 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money by : John Collins

Download or read book An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money written by John Collins and published by CRC Press. This book was released on 2017-07-05 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Collected Writings of John Maynard Keynes

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521230728
Total Pages : 758 pages
Book Rating : 4.2/5 (37 download)

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Book Synopsis The Collected Writings of John Maynard Keynes by : John Maynard Keynes

Download or read book The Collected Writings of John Maynard Keynes written by John Maynard Keynes and published by Cambridge University Press. This book was released on 1982-01-29 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: A full account of Keynes's activities between the Wall Street crash in October 1929 and Britain's departure from the gold standard in September 1931 - his contributions to the Macmillan Committee on Finance and Industry and to the Economic Advisory Council.

The General Theory of Employment, Interest and Money (Illustrated)

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Publisher :
ISBN 13 : 9781521046128
Total Pages : 428 pages
Book Rating : 4.0/5 (461 download)

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Book Synopsis The General Theory of Employment, Interest and Money (Illustrated) by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money (Illustrated) written by John Maynard Keynes and published by . This book was released on 2017-04-11 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will in the long run deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that an absence of competition is not the main issue regarding unemployment, and that even reducing wages or benefits have no major effect.

The General Theory of Employment, Interest and Money by John Maynard Keynes AND Essays In Persuasion by John Maynard Keynes

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781448673025
Total Pages : 0 pages
Book Rating : 4.6/5 (73 download)

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Book Synopsis The General Theory of Employment, Interest and Money by John Maynard Keynes AND Essays In Persuasion by John Maynard Keynes by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money by John Maynard Keynes AND Essays In Persuasion by John Maynard Keynes written by John Maynard Keynes and published by Createspace Independent Publishing Platform. This book was released on 2009-08-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of Keynes' classic text includes a foreword by Paul Krugman.

The General Theory of Employment, Interest and Money

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Publisher :
ISBN 13 : 9781492844754
Total Pages : 0 pages
Book Rating : 4.8/5 (447 download)

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Book Synopsis The General Theory of Employment, Interest and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money written by John Maynard Keynes and published by . This book was released on 2013-09-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest and Money The "Keynesian Revolution" Complete EditionBy John Maynard Keynes The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will, in the long run, deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that a lack of competition is not the fundamental problem and measures to reduce unemployment by cutting wages or benefits are not only hard-hearted but ultimately futile.

Book Review: The General Theory of Employment, Interest and Money by John M. Keynes

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Publisher : 50Minutes.com
ISBN 13 : 2808006330
Total Pages : 41 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis Book Review: The General Theory of Employment, Interest and Money by John M. Keynes by : 50Minutes,

Download or read book Book Review: The General Theory of Employment, Interest and Money by John M. Keynes written by 50Minutes, and published by 50Minutes.com. This book was released on 2018-01-04 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide. The General Theory of Employment, Interest and Money by John Maynard Keynes was first published in 1936, and had a lasting impact on both economic theory and state economic policies. Keynes’s primary aim was to challenge certain aspects of classical economics which were accepted as fact at the time, namely Say’s law, which states that supply will create its own demand, and the assumption that free markets automatically tend towards full employment. Keynes introduced several revolutionary concepts in this book, including effective demand, the propensity to consume, the investment multiplier and the liquidity-preference, to support his arguments in favour of greater state interventionism as a response to financial crises. This book review and analysis is perfect for: • Anyone interested in the history of economic theory, particularly macroeconomics • Anyone who wants to understand the aims of state intervention in the financial market • Students of, or anyone interested in, modern politics and economics About 50MINUTES.COM| BOOK REVIEW The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.

The General Theory of Employment, Interest, and Money

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781546383291
Total Pages : 282 pages
Book Rating : 4.3/5 (832 download)

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Book Synopsis The General Theory of Employment, Interest, and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest, and Money written by John Maynard Keynes and published by Createspace Independent Publishing Platform. This book was released on 2017-04-30 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest, and Money John Maynard Keynes This book is chiefly addressed to my fellow economists. I hope that it will be intelligible to others. But its main purpose is to deal with difficult questions of theory, and only in the second place with the applications of this theory to practice. For if orthodox economics is at fault, the error is to be found not in the superstructure, which has been erected with great care for logical consistency, but in a lack of clearness and of generality in the pre misses. Thus I cannot achieve my object of persuading economists to re-examine critically certain of their basic assumptions except by a highly abstract argument and also by much controversy. I wish there could have been less of the latter. But I have thought it important, not only to explain my own point of view, but also to show in what respects it departs from the prevailing theory. Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right. My controversial passages are aimed at providing some material for an answer; and I must ask forgiveness If, in the pursuit of sharp distinctions, my controversy is itself too keen. I myself held with conviction for many years the theories which I now attack, and I am not, I think, ignorant of their strong points.

The General Theory of Employment, Interest and Money (Illustrated)

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Author :
Publisher :
ISBN 13 : 9781521004968
Total Pages : 428 pages
Book Rating : 4.0/5 (49 download)

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Book Synopsis The General Theory of Employment, Interest and Money (Illustrated) by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money (Illustrated) written by John Maynard Keynes and published by . This book was released on 2017-04-05 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will in the long run deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that an absence of competition is not the main issue regarding unemployment, and that even reducing wages or benefits have no major effect.

The Collected Writings of John Maynard Keynes

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Author :
Publisher :
ISBN 13 : 9780333009420
Total Pages : 428 pages
Book Rating : 4.0/5 (94 download)

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Book Synopsis The Collected Writings of John Maynard Keynes by :

Download or read book The Collected Writings of John Maynard Keynes written by and published by . This book was released on 1998 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The General Theory of Employment, Interest and Money (Illustrated)

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Publisher :
ISBN 13 : 9781521046814
Total Pages : 428 pages
Book Rating : 4.0/5 (468 download)

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Book Synopsis The General Theory of Employment, Interest and Money (Illustrated) by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money (Illustrated) written by John Maynard Keynes and published by . This book was released on 2017-04-11 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will in the long run deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that an absence of competition is not the main issue regarding unemployment, and that even reducing wages or benefits have no major effect.

The Collected Writings of John Maynard Keynes

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Publisher :
ISBN 13 : 9780521307666
Total Pages : 0 pages
Book Rating : 4.3/5 (76 download)

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Book Synopsis The Collected Writings of John Maynard Keynes by : John Maynard Keynes

Download or read book The Collected Writings of John Maynard Keynes written by John Maynard Keynes and published by . This book was released on 1971 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The General Theory of Employment, Interest and Money

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Publisher :
ISBN 13 : 9780333009420
Total Pages : 428 pages
Book Rating : 4.0/5 (94 download)

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Book Synopsis The General Theory of Employment, Interest and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money written by John Maynard Keynes and published by . This book was released on 1973 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Collected Writings of John Maynard Keynes

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Author :
Publisher :
ISBN 13 : 9780333009420
Total Pages : 428 pages
Book Rating : 4.0/5 (94 download)

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Book Synopsis The Collected Writings of John Maynard Keynes by : John Maynard Keynes

Download or read book The Collected Writings of John Maynard Keynes written by John Maynard Keynes and published by . This book was released on 1993 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of John Maynard Keynes

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Author :
Publisher : Pickle Partners Publishing
ISBN 13 : 1789122295
Total Pages : 502 pages
Book Rating : 4.7/5 (891 download)

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Book Synopsis The Economics of John Maynard Keynes by : Dudley Dillard

Download or read book The Economics of John Maynard Keynes written by Dudley Dillard and published by Pickle Partners Publishing. This book was released on 2018-09-03 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of John Maynard Keynes: The Theory of Monetary Economy by Dudley Dillard seeks to make The General Theory of Employment, Interest and Money by John Maynard Keynes understandable to both the economist and to the non-economist. First published in 1948 and since translated into over 10 languages, Dr. Dillard’s book has been widely regarded as the seminal scholarship on the monetary aspects of Keynesian economics. In addition to explaining the economic theories of Keynes, Dillard also includes a chapter on Keynes’s philosophical development and the “social philosophy toward which it leads.” Throughout the book, Dillard provides summaries and examines Keynes’ concepts on employment, income, saving, marginal propensity to consume, the investment multiplier, fiscal policy, post-war inflation, interest, and wages.

The General Theory of Employment, Interest and Money

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Author :
Publisher : Macat Library
ISBN 13 : 9781912127900
Total Pages : 0 pages
Book Rating : 4.1/5 (279 download)

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Book Synopsis The General Theory of Employment, Interest and Money by : John Collins

Download or read book The General Theory of Employment, Interest and Money written by John Collins and published by Macat Library. This book was released on 2017-07-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classical economics suggests that market economies are self-correcting in times of recession or depression, and tend toward full employment and output. But English economist John Maynard Keynes disagrees. In his ground-breaking 1936 study The General Theory, Keynes argues that traditional economics has misunderstood the causes of unemployment.