- Paperback: 168 pages
- Publisher: CreateSpace Independent Publishing Platform (November 15, 2011)
- Language: English
- ISBN-10: 1467934925
- ISBN-13: 978-1467934923
- Product Dimensions: 7.4 x 0.4 x 9.7 inches
- Shipping Weight: 14.1 ounces (View shipping rates and policies)
- Average Customer Review: 206 customer reviews
- Amazon Best Sellers Rank: #766,828 in Books (See Top 100 in Books)
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The General Theory Of Employment, Interest, And Money Paperback – November 15, 2011
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'...among the glories of modern publishing...edited with exemplary authority and lack of fuss...' - London Review of Books --Online
About the Author
John Maynard Keynes was a British economist and professor at Cambridge. He was a prolific author and lecturer and advised many governments and policy makers on economic policy. He was named by Time magazine as one of the 100 most influential people of the 20th century.
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This edition is bunk, though. I think it's one of those quick-print versions where a publishing company takes a text available through public domain and prints you a copy when you order it. That's probably fine in itself, but this one is missing all of the footnotes, where (I hear!) Keynes conducts a lot of his argument with his contemporary economists. Page 81 even references them: "My running comments on the above [topic] have been made in the footnotes." But no footnotes!
This particular edition is also large (~7.5"x10") with fairly small print, making a less than ideal physical reading experience. It's skinny, too, squeezing more than 400 pages worth of material into 167 pages. I don't know about you, but I really like being able to turn the pages more often than I can here. Turning makes me feel like I'm making progress.
There is ample room in the margins and other white space for your own notes, though, which is a plus.
The "Look inside" is deceiving, I don't know why they use that illustration.
Keynes' GT argues that the classic theory of laissez-faire is actually a rare case. His general theory, that a capitalist economy is unstable due to the inherent flaws of capitalism, is the normal condition. An objective of full employment, through monetary and fiscal policy, will alleviate the curse of depressions and major recessions. By allowing government control of output his theory has saved capitalism from demise.
It is unfortunate that Keynes' name is used in a modern sense to support actions which he directly refutes in the GT. A must read for anyone interested in the GT is Hyman Minsky's 'Stabilizing an Unstable Economy'.
Sidenote: The BN edition of the GT is terrible. I ordered the hardcover edition to have a permanent reference. This edition has numerous typos, nearly unreadable tables, awkward physical dimensions, and Keynes' internal citations do not line up with BN's pages. Also, for some reason the last paragraph in some chapters are a different font. It is possible that it was an update by Keynes but no clue is given in the book. Not even the original date of publication is given. Avoid the BN edition if possible.