Keynes for BeginnersIcon Books, 1993 - 174 páginas John Maynard Keynes is among the most brilliant and influential economists of the 20th century. His revolutionary treatise written during the Great Depression of the 1930s, The General Theory of Employment, Interest and Money, overturned the conventional free market wisdom of the time and proposed that a radical new way of creating a healthy economy and full employment depended on the total spending of consumers, business investors and governments. Frightened by mass unemployment, governments throughout the capitalist world pursued Keynesian policies until the 1970s when a new economic theory, monetarism, became fashionable. As monetarism failed to prevent the world entering another major recession, it is time to look at Keynesian remedies again. |
Términos y frases comunes
19th century Arthur Pigou Bank BEGINNERS BLACK WEDNESDAY Bloomsbury Group boom Bretton Woods conference Britain BUNDESBANK business cycle Cambridge capital capitalist CENT RATE classic bestseller Classical Economists consumer countries currencies debt depression DEVALUATION Economic Consequences Einstein Europe European Exchange Rate Mechanism EXPENDITURE exports fiscal policy forces full employment G.E. MOORE Germany Gold Standard growth INCOME increase industrial production interest rates investment J.M. KEYNE John Major John Maynard Keynes JOHN NEVILLE KEYNES Keynesian policies King's Labour level of unemployment Lydia machinery Malthus MARKET mass unemployment million Milton Friedman Monetarism monetarist Monetary policy money supply MORAL natural rate OUTPUT POUND pre-War parity problem profits programme QUANTITY OF MONEY RATE OF UNEMPLOYMENT recession recovery reduce wages Ricardo Richard Kahn rise rose Selsdon stability sterling Thatcher Theatre toasters trade cycle TRADE UNIONS Treasury upswing VERSAILLES Wall Street Crash WAR-TIME