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The General Theory of Employment, Interest and Money Paperback – August 11, 2009


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Product Details

  • Paperback: 336 pages
  • Publisher: CreateSpace Independent Publishing Platform (August 11, 2009)
  • Language: English
  • ISBN-10: 144867185X
  • ISBN-13: 978-1448671854
  • Product Dimensions: 0.7 x 5.4 x 8.4 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (124 customer reviews)
  • Amazon Best Sellers Rank: #1,130,672 in Books (See Top 100 in Books)

Editorial Reviews

Review

'The General Theory is nothing less than an epic journey out of intellectual darkness. That, as much as its continuing relevance to economic policy, is what makes it a book for the ages. Read it, and marvel.' - From the introduction by Paul Krugman
--This text refers to an out of print or unavailable edition of this title.

About the Author

John Maynard Keynes, 1st Baron Keynes (5 June 1883 - 21 April 1946) was a British economist whose ideas, called Keynesian economics, have had a major impact on modern economic and political theory as well as on many governments' fiscal policies. He advocated interventionist government policy, by which the government would use fiscal and monetary measures to mitigate the adverse effects of economic recessions, depressions and booms. Even Keynes' critics call him the greatest and most influential economist of the 20th century. For this reason, he is known as "the father of modern economics." Keynes' advice on ending the Great Depression was rejected. President Roosevelt tried countless other approaches, all of which failed. Then, in seven short years, under massive Keynesian spending, the U.S. went from the greatest depression it has ever known to the greatest economic boom it has ever known. The success of Keynesian economics was so resounding that almost all capitalist governments around the world adopted its policies. Time Magazine named Keynes one of the 100 most influential people of the 20th century, on his Keynesian Theory state.. "His radical idea that governments should spend money they don't have may have saved capitalism". He is one of the fathers of modern theoretical macroeconomics. --This text refers to an alternate Paperback edition.

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Customer Reviews

A must have and a must read for anyone interested in economics or finance.
matthew
While it is undoubtedly groundbreaking, that very fact makes it a book that shouldn't be read as an introduction.
A.I. 8706
I would recommend buying another version of this book because its kind of annoying.
Kenneth Andrews

Most Helpful Customer Reviews

125 of 139 people found the following review helpful By Garett Jones on December 11, 2008
Format: Hardcover
The BN edition has errors in the equations, errors that make the book incomprehensible. Find another edition of Keynes's General Theory.
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45 of 47 people found the following review helpful By Hiroo Yamagata on September 23, 2011
Format: Kindle Edition Verified Purchase
I bought the kindle edition. It lacks ALL footnotes. chapters like appendix to ch 19, basically makes many of the arguments in the footnotes. They are totally gone. Do not buy the Kindle edition, not at least until you confirm what you are getting.
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361 of 450 people found the following review helpful By Louie on November 27, 2001
Format: Paperback
Are We All Keynesians Now?
Most educated Americans know something of John Maynard Keynes, the great British economist whose hugely influential work “T"The General Theory of Employment, Interest and Money", strongly influenced economic theory and practice during the last half of the twentieth century, particularly with regard to the role of government in stimulating and regulating a nation's’s economic life. Nevertheless it remains true that almost all of the "intelligentsia" in general, and most economists in particular, have never read the book, despite the fact that it is readily available in today’s mega-bookstores such as of course, Amazon.com (at a reasonable price and) in a good quality paperback.
Indeed, by a curious twist, the people who seem most to have made some attempt to read Keynes' oeuvre are those who appear most outraged by it and determined to revile it. If one is skeptical about this, (read the reviews), where veritable "frothing at the mouth" denunciations seem to dominate. These would hardly be worth reading except for the mindset they reveal, which goes far toward illuminating some of the attitudes of the 1930's otherwise inexplicable at the beginning of the twenty-first century. Their very virulence convinces one that Keynes was clearly on to something; if an author enrages half the world he must be at least half right.
Keynes detractors are right about one thing: "General Theory..." is a tough read, though not for some of the reasons they indicate. Keynes actually uses very little mathematics, the alleged prevalence of which is one of the points usually cited in criticism.
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25 of 29 people found the following review helpful By Tom Chappell on September 7, 2008
Format: Kindle Edition
This version is virtually unreadable, due to its terrible formatting, which clearly no one bothered to even glance at after some kind of machine translation from another format.
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80 of 101 people found the following review helpful By Andrei Scudder on December 29, 2003
Format: Paperback
I do realize that very little attention will be paid to this review (it being number 30 something), but I shall persevere in my noble effort to restore some order in the court of economics and public opinion.
After seeing the amount of vitriol hurled at this book I wondered for a second if I have somehow misunderstood it, or carelessly missed a passage in which Keynes urged us to kill babies. No, John Maynard Keynes did not kill babies, nor was he as such disproved (merely disagreed with).
The abuse showered upon him is a clear and unfortunate evidence of the ideological division between (politically) liberal and conservative approach to economics, which in itself is not an exact or precise science (some would say it is not even a science) and lacks sufficient rigor to have anything beyond trivial proved or disproved (I, personally, prefer the phrasing along the lines of "convincingly demonstrate") within its framework. With all this in mind economics quite often provides ample room for opposing views, especially when views are not directly conflicting, except when viewed through polarizing lens of ideology.
The "conservative" economists along the lines of Friedman and Hayek, so frequently mentioned as anti-thesis of Keynes preached (in my gross simplification) free markets and government non-intervention, which while a valid perspective hardly merits a nearly religious fervor.
Keynes, or any other sensible theoretical economist, would agree that free-markets are a good idea in principle, which is seldom if ever realized.
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11 of 12 people found the following review helpful By Ken McCormick VINE VOICE on November 18, 2009
Format: Paperback
The General Theory of Employment, Interest and Money is one of the great works in economics, and is a must read for anyone who pretends to know anything about macroeconomics. But this edition of the book is flawed. Keynes's footnotes are missing! Some of them are integral to understanding the book, so leaving them out is a major mistake. Another reviewer has already complained that some of Keynes's equations were mangled. How could a publisher mangle a great work like this?
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33 of 43 people found the following review helpful By Tim Smith on January 11, 2001
Format: Paperback
Keynes, for better or worse, must be counted the most important economist of the 20th century. This is his most influential work, and no person who desires a basic education in economics should be unaware of its contents. Unfortunately, it is at times almost incomprehensible. Particularly maddening is Keynes' penchant for merely dismissing competing theories with which he disagrees without discussing why he disagrees. I found this suspicious since Keynes was brilliant - it couldn't possibly be because he didn't understand those other theories. I suspect he understood them all too well and recognized their threat to his own work.
Plowing through this book will pay off, but you may not enjoy it. The reader should be advised, however, that according to Keynes' good friend (and opposing theorist) Frederich Hayek, shortly before his death Keynes told Hayek he disavowed this book in general. Hayek's account can be read in "Hayek on Hayek."
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