Collins John - An Analysis Of John Maynard Keyne's The General Theory Of Employment Interest And Money - Paperback

Binding: Paperback
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 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.
Title: An Analysis Of John Maynard Keyne's The General Theory Of Employment Interest And Money
Author(s): Collins John
Publisher: Macat International Limited
Barcode: 9781912127900
Pages: 112 Pages
Publication Date: 7/4/2017
Series: The Macat Library
Category: Economics