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Essays in Persuasion Paperback – January 17, 1963
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Top Customer Reviews
When people are unwilling to spend and are hoarding cash, it is up to government to inject money into the system by means of expansionary monetary policy, either it is public works in the most dramatic case or reduced interest rates, intended to stimulate investment in a more commonplace scenario.
Fiscal prudence or austerity will not lift the economy out of the slump, for a very simple reason; if everyone is saving and no one is buying, then no one is able to sell and economy is pushed further into a recession.
Villilfied by countless conservatives as an endorsement of governmental intervention and subsequent domination of the people, the ideas proposed in the book are accepted by such respected institutions as the Federal Reserve and merit attention of a person, who would like to claim general economic awareness.
Apart from the the discussion on public spending, there are highly informative essays on German hyperinflation of the 1920s, ruminations on Gold standard and much more; all presented with great clarity and humor, that few if any economists have mangaged to imitate.
This compendium is for anyone who doesn't have the skills or patience to read Keynes's General Theory. It lays out the essentials of Keynesian economic thinking, in particular on inflation and unemployment, while in passing making clear a number of economic terms and issues - for example how the gold standard worked and why, and the difference with the gold `exchange' standard, something that had completely escaped me. The Essays do require a minimal understanding of economic factors (interest and exchange rates, state and trade budgets, and how they relate), but they are not technical in style and are told in plain words; Keynes's public, after all, was the average newsreader or politician. A basic historical baggage also helps: why reparations were a difficult issue, the American loans, deflation and the incipient depression; here a good introduction is perhaps lacking. Nevertheless, this is accessible to all with this minimum culture, and it is both excellent economic education and mental exercise.
Finally, Keynes was a humanist, as the Essays show. He was the antithesis of the dry and unfeeling economist, and this makes for a refreshing and uplifting work.Read more ›
There are numerous typos.
The text is not justified properly; some words hang off lines, and there are irregular and gigantic spaces between words.
The table of contents is missing numbers.
There is no introduction to the author or the material.
The page numbers are inversed.
This is a low-quality, junior-high school effort edition, unworthy of the material it professes to have "beautifully produced." This edition is poorly edited.
Reading Essays In Persuasion is certainly worthy of your time, but this edition is not worthy of your money.
Most Recent Customer Reviews
Crystal clear logic and elegant prose made this a delight to read. I can see why Buffett recommends this book.Published 5 months ago by Amazon Customer
I found in reading Keynes he is often misquoted. I doubt very much if he would approve the money printing frenzy currently raging around the world.Published 11 months ago by Ralph Grimes
Lots of stuff about
The gold standard before you
Get to the grand kids
For students wanting to learn Keynes' thoughts on economic theory, this is a solid, if somewhat dry, introduction to his analysis of importanteconomic concepts. Read morePublished on December 20, 2013 by J. Davis
There's a lot to like about J. M. Keynes. He brought the monetary corner of economics together in his General Theory. Read morePublished on May 7, 2013 by William Armstrong
Not exactly light reading, this book impacted me by two of it's main topics; the gold standard and inflation/deflation. Read morePublished on December 7, 2011 by Robert Kirk
A very compelling collection of essays written and collected by Keynes from 1919 to 1931. Many of the essays address issues that are relevant to our current economic situation in... Read morePublished on January 22, 2011 by D. T. Blume
A very poor edition of some of Keynes' most important essays. No introduction, atrocious layout and glaring omissions. Almost a complete waste of money.Published on December 5, 2010 by Peter J. Gurney