Description
| Product ID: | 9781912127900 |
| Product Form: | Paperback / softback |
| Country of Manufacture: | GB |
| Series: | The Macat Library |
| Title: | An Analysis of John Maynard Keyne's The General Theory of Employment, Interest and Money |
| Authors: | Author: John Collins |
| Page Count: | 112 |
| Subjects: | Literary theory, Literary theory, Philosophy, Psychological theory, systems, schools and viewpoints, Study and learning skills: general, Political science and theory, Economics, Philosophy, Psychological theory & schools of thought, Study & learning skills: general, Political science & theory, Economics |
| Description: | Select Guide Rating Classical economics suggests that market economies are self-correcting in times of recession or depression, and tend toward full employment and output. But English economist John Maynard Keynes disagrees. In his ground-breaking 1936 study The General Theory, Keynes argues that traditional economics has misunderstood the causes of unemployment. 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 economic policies across the world. Unsurprisingly, Keynes’s closely argued refutation of the then accepted grounds of economics employs all the key critical thinking skills: analysing and evaluating the old theories and their weaknesses; interpreting and clarifying his own fundamental terms and ideas; problem solving; and using creative thinking to go beyond the old economic theories. Perhaps above all, however, the General Theory is a masterclass in problem solving. Good problem solvers identify their problem, offer a methodology for solving it, and suggest solutions. For Keynes the problem was both real and theoretical: unemployment. A major issue for governments during the Great Depression, unemployment was also a problem for classical economics. In classical economics, theoretically, unemployment would always disappear. Keynes offered both an explanation of why this was not the case in practice, and a range of solutions that could be implemented through government monetary policy. |
| Imprint Name: | Macat International Limited |
| Publisher Name: | Macat International Limited |
| Country of Publication: | GB |
| Publishing Date: | 2017-07-04 |
