The general theory of employment, interest and money pdf

1. What was the thesis of The General Theory of Employment Interest and Money?
2. Who gave General Theory of Employment Interest and Money?
3. What was the major theme in Keynes's General Theory of Employment Interest and Money?

What was the thesis of The General Theory of Employment Interest and Money?

Keynes (1883–1946), who argued in The General Theory of Employment, Interest, and Money (1935–36) that there exists an inverse relationship between unemployment and inflation and that governments should manipulate fiscal policy to ensure a balance between the two.

Who gave General Theory of Employment Interest and Money?

The General Theory of Employment, Interest and Money of 1936 is a book by English economist John Maynard Keynes. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology – the "Keynesian Revolution".

What was the major theme in Keynes's General Theory of Employment Interest and Money?

In The General Theory of Employment, Interest and Money, the British economist John Maynard Keynes argues that the belief that markets naturally tend towards full employment is a fallacy, and that state interventionism is therefore necessary to overcome economic slumps.