John Maynard Keynes The General Theory of Employment, Interest and Money

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Uploaded: 03.08.2002
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James. M. Keynes. The General Theory of Employment, Interest and Money. > Chapter 1. General Theory.


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I have called this book "The General Theory of Employment, Interest and Money," focusing on the definition of "total". The book is entitled so to my arguments and conclusions of the counter arguments and conclusions of the classical (1) the theory on which I was raised and that - like 100 years ago - dominates the practical and theoretical economic thinking governing and academic circles of our generation. I will prove that the postulates of the classical theory are not applicable to the general, but only for a special occasion, as the economic situation, which it considers is only the limiting case of possible states of equilibrium. Furthermore, the characteristics of this particular case does not match the characteristics of the economic society in which we live, and therefore preaching astray and leads to fatal consequences when you try to apply the theory in practical life ....

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