The General Theory of Employment Interest and Money [E–pub/E–book]


10 thoughts on “The General Theory of Employment Interest and Money [E–pub/E–book]

  1. says: The General Theory of Employment Interest and Money [E–pub/E–book] READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes

    The General Theory of Employment Interest and Money [E–pub/E–book] John Maynard Keynes Å 6 FREE READ FREE READ The General Theory of Employment Interest and Money One of the hardest things in the world for anyone do to is to change their mindset Keynes who suckled at the teats of classical economists took off the emerald glass spectacles he was given to wear and took a long hard look at the Depression era He had in his life also variously been a businessman and a fairly successfu

  2. says: FREE READ The General Theory of Employment Interest and Money John Maynard Keynes Å 6 FREE READ The General Theory of Employment Interest and Money [E–pub/E–book]

    READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes John Maynard Keynes Å 6 FREE READ The General Theory of Employment Interest and Money [E–pub/E–book] Bad writing confused thinking pernicious policiesI first encountered the name Keynes when reading a Time magazine article in around 1975 about West Germany's chancellor Helmut Schmidt As I recall the article was a complimentary one in which Schmidt was portrayed as an intellectual technocrat who favored the intellectual and technocratic economics of John Maynard Keynes I got the impression that Keynesian econ

  3. says: FREE READ The General Theory of Employment Interest and Money The General Theory of Employment Interest and Money [E–pub/E–book]

    The General Theory of Employment Interest and Money [E–pub/E–book] John Maynard Keynes Å 6 FREE READ FREE READ The General Theory of Employment Interest and Money I think most of these reviews are Ron Paul supporters that don't really understand monetary theory AT ALL No problem with that however other th

  4. says: The General Theory of Employment Interest and Money [E–pub/E–book]

    The General Theory of Employment Interest and Money [E–pub/E–book] John Maynard Keynes Å 6 FREE READ It is my firm conviction that if something’s worth doing it’s worth doing even when you’re badly under ualified to do it So here I go Few

  5. says: The General Theory of Employment Interest and Money [E–pub/E–book]

    The General Theory of Employment Interest and Money [E–pub/E–book] This is the book that guided economic policy during the postwar boom up through the 1970s and believed by economists of a blue state

  6. says: FREE READ The General Theory of Employment Interest and Money READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes John Maynard Keynes Å 6 FREE READ

    The General Theory of Employment Interest and Money [E–pub/E–book] John Maynard Keynes Å 6 FREE READ 5 stars for the ideas and theories which are undeniably right even thought it's impossible to convince the people who read Atlas Shrugged as though it's real But 3 stars because it is incredibly dense and hard to read I got through it but on

  7. says: The General Theory of Employment Interest and Money [E–pub/E–book] READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes John Maynard Keynes Å 6 FREE READ

    The General Theory of Employment Interest and Money [E–pub/E–book] The importance of this book rivals Das Kapital Those who follow Marx have founded Communist regimes Everywhere else governments have developed systems of national accounts to conform to his proposed system of nati

  8. says: John Maynard Keynes Å 6 FREE READ READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes The General Theory of Employment Interest and Money [E–pub/E–book]

    READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes The General Theory of Employment Interest and Money [E–pub/E–book] It's a brutal read especially the middle third With an intense focus on the fundamental nature of the three factors mentioned in the title it's easy to get bored and distracted uicklyNonetheless reading the General Theory reminds me of watching Citizen Kane The book has so thoroughly reshaped economics in its image that it's hard to recognize how revolutionary it truly is This exacerbates the problems of the middle third since not only is i

  9. says: FREE READ The General Theory of Employment Interest and Money READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes John Maynard Keynes Å 6 FREE READ

    FREE READ The General Theory of Employment Interest and Money The General Theory of Employment Interest and Money [E–pub/E–book] READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes This certainly is not a book for a uick enjoyable read I am a Keynesian in my economic beliefs as a result of this book As we are continuing the crazy response to the current economic crisis I highly recommend this book to everyone w

  10. says: The General Theory of Employment Interest and Money [E–pub/E–book]

    The General Theory of Employment Interest and Money [E–pub/E–book] During my high school years I followed courses in economics Ever since my interest has been sparked to follow macro economic trends and from time to time read some classic economic works I've read Smith Ricardo Hayek and now Keynes I haven't finished the book I uit reading after part 3 This book is written in such an incomprehensive way clearly outdated from an educational perspective that one can just as well study the chapter

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FREE READ The General Theory of Employment Interest and Money

READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes John Maynard Keynes Å 6 FREE READ FREE READ The General Theory of Employment Interest and Money î PDF, eBook or Kindle ePUB 1936 Keynes critiued the laissez faire policies of his day particularly the proposition that a normally functioning market economy would bring full employment Keynes's forward looking work transformed economics from merely a descriptive a. 5 stars for the ideas and theories which are undeniably right even thought it s impossible to convince the people who read Atlas Shrugged as though it s real But 3 stars because it is incredibly dense and hard to read I got through it but only because I knew what the theory was already and I just wanted to make sure I hadn t missed anything But Keynes was speaking against Ricardo and others so he was fighting old battles Jingle Bell Rock undeniably right even thought it s impossible to convince the people who read Atlas Shrugged as though it s real But 3 stars because it is incredibly dense and hard to read I got through it but only because I knew what the theory was already and I just wanted to make sure I hadn t missed anything But Keynes was speaking against Ricardo and others so he was fighting old battles

READ ´ PDF, eBook or Kindle ePUB Å John Maynard KeynesThe General Theory of Employment Interest and Money

READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes John Maynard Keynes Å 6 FREE READ FREE READ The General Theory of Employment Interest and Money î PDF, eBook or Kindle ePUB Nd analytic discipline into one that is policy oriented For Keynes enlightened government intervention in a nation's economic life was essential to curbing what he saw as the inherent ineualities and instabilities of unregulated capitalism. It s a brutal read especially the middle third With an intense focus on the fundamental nature of the three factors mentioned in the title it s easy to get bored and distracted uicklyNonetheless reading the General Theory reminds me of watching Citizen Kane The book has so thoroughly reshaped economics in its image that it s hard to recognize how revolutionary it truly is This exacerbates the problems of the middle third since not only is it dry and technical it seems pretty obvious nowWith a little patience comes a lot of reward Keynes is a wonderful writer and it shows through in the little moments he gets to show off His statements on liuidity demonstrate both his wit and the strength of his thoughts For exampleOf the maxims of orthodox finance none surely is anti social than the fetish of liuidity the doctrine that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of liuid securities It forgets that there is no such thing as liuidity for the community as a wholeHe also deserves a lot of credit for including an especially strong understanding of human nature and social psychology topics far too often neglected in modern economics You can see this when he takes on the nature of interestIt might be accurate perhaps to say that the rate of interest is a highly conventional rather than a highly psychological phenomenon For its actual value is largely governed by the prevailing view as to what its value is expected to be Any level of interest which is accepted with sufficient conviction as likely to be durable will be durableObviously this isn t the kind of thing that will get the general public s juices flowing It s something that Keynes acknowledges in the preface But for a book intended specifically for the economists of the early 1930s it s startling how relevant these issues remain Claiming Her unregulated capitalism. It s a brutal read especially the middle third With an intense focus on the fundamental nature of the three factors mentioned in the title it s easy to get bored and distracted Dragon ActuallyA Tale of Two Dragons uicklyNonetheless reading the General Theory reminds me of watching Citizen Kane The book has so thoroughly reshaped economics in its image that it s hard to recognize how revolutionary it truly is This exacerbates the problems of the middle third since not only is it dry and technical it seems pretty obvious nowWith a little patience comes a lot of reward Keynes is a wonderful writer and it shows through in the little moments he gets to show off His statements on liuidity demonstrate both his wit and the strength of his thoughts For exampleOf the maxims of orthodox finance none surely is anti social than the fetish of liuidity the doctrine that it is a positive virtue on the part of investment institutions to concentrate their resources Darkness Before Dawn upon the holding of liuid securities It forgets that there is no such thing as liuidity for the community as a wholeHe also deserves a lot of credit for including an especially strong Enlightenment Now The Case for Reason Science Humanism and Progress understanding of human nature and social psychology topics far too often neglected in modern economics You can see this when he takes on the nature of interestIt might be accurate perhaps to say that the rate of interest is a highly conventional rather than a highly psychological phenomenon For its actual value is largely governed by the prevailing view as to what its value is expected to be Any level of interest which is accepted with sufficient conviction as likely to be durable will be durableObviously this isn t the kind of thing that will get the general public s juices flowing It s something that Keynes acknowledges in the preface But for a book intended specifically for the economists of the early 1930s it s startling how relevant these issues remain

John Maynard Keynes Å 6 FREE READ

READ ´ PDF, eBook or Kindle ePUB Å John Maynard Keynes John Maynard Keynes Å 6 FREE READ FREE READ The General Theory of Employment Interest and Money î PDF, eBook or Kindle ePUB Distinguished British economist John Maynard Keynes 1883 1946 set off a series of movements that drastically altered the ways in which economists view the world In his most important work The General Theory of Employment Interest and Money. One of the hardest things in the world for anyone do to is to change their mindset Keynes who suckled at the teats of classical economists took off the emerald glass spectacles he was given to wear and took a long hard look at the Depression era He had in his life also variously been a businessman and a fairly successful speculator What he saw was that the theories he taught and had been taught could not explain what was happening In a teeny nutshell classical economics based itself on some key assumptions in modeling the macroeconomic landscape One was that demand always exceeded supply The other was that because demand always outstripped supply involuntary employment was impossible All you had to do to get a job was accept what was on offer These assumptions made sense if you lived in the 18th century To argue then that people were short of food and basic necessities and that if you could provide it they would always buy it made sense For then Keynes s big a ha was to realize that in the 20th century supply could exceed demand At least supply of items for discretionary spending could certainly exceed demand If you didn t have the money to buy it you would do without it But if your economy was based on lots of people buying stuff they didn t really need then when demand evaporated so did your jobs Because if people weren t buying stuff it didn t matter how little money they were willing to accept as pay No manufacturer would hire 100 employees to make shoes if he only needed to make 10 shoes and one employee would suffice for that Even if you could pay them at 1100th the salary of the one employee It seems so trite to us So obvious But at that time that was as big a realization as Gallileo s realization that the sun did not turn round the earth Suddenly the world was different and you weren t in Kansas any That s some powerful thinking Here re some other things about classical economics that Keynes thought didn t fit the 20th century world Savings weren t irrelevant Money wasn t irrelevant Those classical economists assumed that people who had money either spent it eg buying cloth or used it to invest in factors of production eg looms to weave cloth This makes a lot of sense when most people didn t have access to bank accounts and the modern monetary system didn t exist In the 20th century we had banks and a modern monetary system Many people had money to spend and to save But classical economists in love their theories said Well if people weren t investing in new business opportunities then just lower interest rates on bank deposits This would make it uneconomical for them to save and so they would invest it in money making businesses Keynes s insight was that people weren t accounting machines seeking to make their money work harder People were people And since they could save they saved to protect themselves from uncertainty And that is the next major milestone A milestone that was rapidly discarded post Keynes People did not know what the future would bring Even collectively they weren t prescient They weren t omniscient And so they would fall back on convention on what everyone else was doing because that was safe So instead of your rational homo economicus a kind of Warren Buffet rational intelligent and willing to bet that everyone else was dead wrong you had lemmings Lemmings who might buy shares of companies that were grossly overvalued and had no sensible business plan because hey everyone else was doing it The market was not automatically self correcting Because everyone was doing the same conventional thing People didn t want to be radical with their money They wanted to do what seemed safe Even if it really wasn tSo the main thing I ve taken away from reading Keynes and Skidelsky s Keynes The Return of the Master is that economists need to take a reality check from time to time All that geeky number crunching theory must be real orgasmic but sometimes you gotta raise your head from the desk and look at the real world I love it that Keynes did that Keynes s General Theory got a lot of things right And he got it right especially for that situation at that time Unlike what economists want to think that s not an indictment Because economics is ultimately a social science At the heart of it it s not billard balls bouncing around a table It s about people and human systems each and all complex and changing There CAN be no magic bullet theory that applies across the board a Grand Unified Theory of How People Behave for Always and Forever What explains things at a microeconomic level doesn t scale upward to the macro What explained things for the 19th century isn t going to explain things for the 20th Sure nice mathematical euations and graphs probably help get the cushy professorships and the lucrative consultancies But these explain what happened before Maybe just maybe things have changed Time to look out the window Lost Souls us So obvious But at that time that was as big a realization as Gallileo s realization that the sun did not turn round the earth Suddenly the world was different and you weren t in Kansas any That s some powerful thinking Here re some other things about classical economics that Keynes thought didn t fit the 20th century world Savings weren t irrelevant Money wasn t irrelevant Those classical economists assumed that people who had money either spent it eg buying cloth or Swamp Foetus used it to invest in factors of production eg looms to weave cloth This makes a lot of sense when most people didn t have access to bank accounts and the modern monetary system didn t exist In the 20th century we had banks and a modern monetary system Many people had money to spend and to save But classical economists in love their theories said Well if people weren t investing in new business opportunities then just lower interest rates on bank deposits This would make it The House on Tradd Street uncertainty And that is the next major milestone A milestone that was rapidly discarded post Keynes People did not know what the future would bring Even collectively they weren t prescient They weren t omniscient And so they would fall back on convention on what everyone else was doing because that was safe So instead of your rational homo economicus a kind of Warren Buffet rational intelligent and willing to bet that everyone else was dead wrong you had lemmings Lemmings who might buy shares of companies that were grossly overvalued and had no sensible business plan because hey everyone else was doing it The market was not automatically self correcting Because everyone was doing the same conventional thing People didn t want to be radical with their money They wanted to do what seemed safe Even if it really wasn tSo the main thing I ve taken away from reading Keynes and Skidelsky s Keynes The Return of the Master is that economists need to take a reality check from time to time All that geeky number crunching theory must be real orgasmic but sometimes you gotta raise your head from the desk and look at the real world I love it that Keynes did that Keynes s General Theory got a lot of things right And he got it right especially for that situation at that time Unlike what economists want to think that s not an indictment Because economics is The Horizon The Royal Marines Saga ultimately a social science At the heart of it it s not billard balls bouncing around a table It s about people and human systems each and all complex and changing There CAN be no magic bullet theory that applies across the board a Grand Unified Theory of How People Behave for Always and Forever What explains things at a microeconomic level doesn t scale 奔馬 upward to the macro What explained things for the 19th century isn t going to explain things for the 20th Sure nice mathematical euations and graphs probably help get the cushy professorships and the lucrative consultancies But these explain what happened before Maybe just maybe things have changed Time to look out the window

  • Paperback
  • 403
  • The General Theory of Employment Interest and Money
  • John Maynard Keynes
  • English
  • 23 August 2020
  • 9781573921398