The General Theory of Employment, Interest and Money
E7214
The General Theory of Employment, Interest and Money is John Maynard Keynes’s landmark 1936 book that founded modern macroeconomics by challenging classical views and explaining the causes of prolonged unemployment and economic downturns.
Aliases (1)
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
book
→
economic treatise → |
| argues |
insufficient aggregate demand causes prolonged unemployment
→
market economies can settle at equilibrium with involuntary unemployment → wage and price flexibility does not guarantee full employment → |
| author |
John Maynard Keynes
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|
| countryOfOrigin |
United Kingdom
→
|
| criticized |
Say's law
→
classical economics → loanable funds theory of interest → |
| field |
economics
→
macroeconomic theory → |
| firstPublishedIn |
United Kingdom
→
|
| hasAbbreviation |
The General Theory
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|
| hasGenre |
academic literature
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non-fiction → |
| influenced |
Keynesian economics
→
New Keynesian economics → fiscal policy theory → modern macroeconomics → |
| introducedConcept |
effective demand
→
liquidity preference theory of interest → marginal efficiency of capital → multiplier principle → propensity to consume → underemployment equilibrium → |
| language |
English
→
|
| notableFor |
challenging classical views on employment and interest
→
explaining causes of prolonged unemployment → founding modern macroeconomics → influencing 20th-century economic policy → |
| publicationYear |
1936
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|
| publisher |
Macmillan
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|
| relatedConcept |
IS–LM model
→
Keynesian cross → |
| relatedWork |
The Economic Consequences of the Peace
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|
| structure |
divided into six books
→
|
| subject |
aggregate demand
→
economic downturns → employment → interest rate → macroeconomics → money → unemployment → |
| supportsPolicy |
countercyclical fiscal policy
→
government intervention in recessions → |
| timePeriodAddressed |
Great Depression era
→
|
Referenced by (8)
| Subject (surface form when different) | Predicate |
|---|---|
|
IS-LM model
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|
basedOn |
|
A Treatise on Money
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|
followedBy |
|
The General Theory of Employment, Interest and Money
("The General Theory")
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|
hasAbbreviation |
|
Time magazine Top 100 non-fiction books since 1923
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|
hasPart |
|
Keynesian economics
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|
influencedBy |
|
John Maynard Keynes
→
|
notableWork |
|
A Tract on Monetary Reform
→
|
precedes |
|
A Treatise on Probability
→
|
relatedWork |