The General Theory Of Employment, Interest And Money

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Exploring the foundations of modern macroeconomics, this influential work delves into the dynamics of employment, interest rates, and money. John Maynard Keynes critiques the rationality of free-market decision-making and advocates for government intervention through spending and budget deficits. The book significantly shaped economic policy, promoting counter-cyclical measures and monetary intervention as essential tools for stabilizing the economy. Its concepts remain pivotal in understanding economic fluctuations and the role of government in managing economic activity.