The General Theory Of Employment, Interest And Money

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.