Book description
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 economicâŚ
Why read it?
2 authors picked The General Theory of Employment, Interest, and Money as one of their favorite books. Why do they recommend it?
This choice is obvious and tough.
The book is notoriously difficult. However, it ranks with Darwinâs Origins of the Species, and Einsteinâs General Theory of Relativity as among the most important and revolutionary books ever.
Itâs no exaggeration to say that Keynes changed everything in the same way that Darwin and Einstein had. It will change the way you see the world if you make the substantial effort. Keynes argues that it is the organization of our economy around money that causes unemploymentânot high wages or lazy workers.
Hereâs my one sentence summary: firms only hire the numberâŚ
From L.'s list on helping you understand how money really works.
All economists, regardless of whether they profess to be Keynesians or not, have been influenced by Keynesâ General Theory.
I finally read this monumental volume through a copy that I borrowed from the library in the basement under the Department of Economics at Harvard University in the mid-2000s when I was visiting the Department with a short-term summer grant provided by Koc University. I could not help but be influenced by the structure and beauty of its language.
Keynesâ views on âanimal spiritsâ and the role of uncertainty in economic playersâ decision-making have also played a role in myâŚ
From Sumru's list on individual choices and aggregate phenomena.
If you love The General Theory of Employment, Interest, and Money...
December on 5C4
Magical realism meets the magic of Christmas in this mix of Jewish, New Testament, and Santa storiesâall reenacted in an urban psychiatric hospital!
On locked ward 5C4, Josh, a patient with many similarities to Jesus, is hospitalized concurrently with Nick, a patient with many similarities to Santa. The two argueâŚ
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