Unavailable
Unavailable
Unavailable
Audiobook1 hour
A Macat Analysis of John Maynard Keynes’s The General Theory of Employment, Interest and Money
Written by John Collins
Narrated by Macat.com
Rating: 4.5 out of 5 stars
4.5/5
()
Currently unavailable
Currently unavailable
About this audiobook
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 groundbreaking 1936 book The General Theory of Employment, Interest, and Money, Keynes argues that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believes market economies are by nature unstable, and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes sets out to revolutionize the way the world thinks about and understands economics—and in this he succeeds.
In the latter half of the twentieth century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the twenty-first century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
In his groundbreaking 1936 book The General Theory of Employment, Interest, and Money, Keynes argues that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believes market economies are by nature unstable, and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes sets out to revolutionize the way the world thinks about and understands economics—and in this he succeeds.
In the latter half of the twentieth century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the twenty-first century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
Unavailable
Related to A Macat Analysis of John Maynard Keynes’s The General Theory of Employment, Interest and Money
Related audiobooks
Macroeconomics Rating: 5 out of 5 stars5/5The General Theory of Employment, Interest, and Money Rating: 0 out of 5 stars0 ratingsSamuelson Friedman: The Battle Over the Free Market Rating: 5 out of 5 stars5/5Big Picture Economics: How to Navigate the New Global Economy Rating: 0 out of 5 stars0 ratingsA Primer on Money, Banking, and Gold Rating: 4 out of 5 stars4/5How an Economy Grows and Why It Crashes Rating: 4 out of 5 stars4/5The Little Book of Economics: How the Economy Works in the Real World Rating: 5 out of 5 stars5/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5Anarchy, State, and Utopia: Second Edition Rating: 4 out of 5 stars4/5The Inflation Myth and the Wonderful World of Deflation Rating: 4 out of 5 stars4/5
Economics For You
Chip War: The Quest to Dominate the World's Most Critical Technology Rating: 5 out of 5 stars5/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 5 out of 5 stars5/5The War Below: Lithium, Copper, and the Global Battle to Power Our Lives Rating: 5 out of 5 stars5/5The Color of Money: Black Banks and the Racial Wealth Gap Rating: 5 out of 5 stars5/5Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain Rating: 4 out of 5 stars4/5Freakonomics Rev Ed Rating: 4 out of 5 stars4/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5Men Without Work: America's Invisible Crisis Rating: 4 out of 5 stars4/5Why the Rich Are Getting Richer Rating: 5 out of 5 stars5/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5Nomadland: Surviving America in the Twenty-First Century Rating: 4 out of 5 stars4/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Rating: 4 out of 5 stars4/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/5A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation Rating: 4 out of 5 stars4/5Overdressed: The Shockingly High Cost of Cheap Fashion Rating: 4 out of 5 stars4/5Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power Rating: 5 out of 5 stars5/5Marvel Comics: The Untold Story Rating: 4 out of 5 stars4/5How the World Works Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5The Genius of Israel: The Surprising Resilience of a Divided Nation in a Turbulent World Rating: 4 out of 5 stars4/5Rise of the Robots: Technology and the Threat of a Jobless Future Rating: 4 out of 5 stars4/5
Reviews for A Macat Analysis of John Maynard Keynes’s The General Theory of Employment, Interest and Money
Rating: 4.555555555555555 out of 5 stars
4.5/5
9 ratings1 review
- Rating: 3 out of 5 stars3/5The audiobook presents a historic overview of the ideas of Keynes and its historical background. An interesting listening.