The General Theory of Employment, Interest and Money

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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.

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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
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 of Employment, Interest and Money self-linksurface differs
surface form: The General Theory
hasGenre academic literature
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
publisher Macmillan Publishers
surface form: Macmillan
relatedConcept Keynesian economics
surface form: IS–LM model

Keynesian economics
surface form: Keynesian cross
relatedWork The Economic Consequences of the Peace
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
surface form: Great Depression era

Referenced by (11)

Full triples — surface form annotated when it differs from this entity's canonical label.

John Maynard Keynes notableWork The General Theory of Employment, Interest and Money
A Tract on Monetary Reform precedes The General Theory of Employment, Interest and Money
A Treatise on Money followedBy The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money hasAbbreviation The General Theory of Employment, Interest and Money self-linksurface differs
this entity surface form: The General Theory
A Treatise on Probability relatedWork The General Theory of Employment, Interest and Money
Keynesian economics influencedBy The General Theory of Employment, Interest and Money
Time magazine Top 100 non-fiction books since 1923 hasPart The General Theory of Employment, Interest and Money
IS-LM model basedOn The General Theory of Employment, Interest and Money
Say's law criticizedInWork The General Theory of Employment, Interest and Money
Mr. Keynes and the Classics influencedBy The General Theory of Employment, Interest and Money
Hyman Minsky notableWork The General Theory of Employment, Interest and Money
this entity surface form: John Maynard Keynes (book)