9781573921398

The General Theory of Employment, Interest, and Money

by
  • ISBN13:

    9781573921398

  • ISBN10:

    1573921394

  • Edition: Reprint
  • Format: Trade Paper
  • Copyright: 5/1/1997
  • Publisher: Prometheus Books

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Summary

Keynes profoundly influenced the New Deal and created the basis for classic economic theory. "I can think of no single book that has so changed the conception held by economists as to the working of the capitalist system" (Robert L. Heilbroner). Index.

Table of Contents

BOOK I INTRODUCTION
The General Theory
3(1)
The Postulates of the Classical Economics
4(19)
The Principle of Effective Demand
23(14)
BOOK II DEFINITIONS AND IDEAS
The Choice of Units
37(9)
Expectation as Determining Output and Employment
46(6)
The Definition of Income, Saving and Investment
52(22)
Appendix on User Cost
66(8)
The Meaning of Saving and Investment, Further Considered
74(15)
BOOK III THE PROPENSITY TO CONSUME
The Propensity to Consume: I. The Objective Factors
89(18)
The Propensity to Consume: II. The Subjective Factors
107(6)
The Marginal Propensity to Consume and the Multiplier
113(22)
BOOK IV THE INDUCEMENT TO INVEST
The Marginal Efficiency of Capital
135(12)
The State of Long-term Expectation
147(18)
The General Theory of the Rate of Interest
165(10)
The Classical Theory of the Rate of Interest
175(19)
Appendix on the Rate of Interest in Marshall's Principles of Economics, Ricardo's Principles of Political Economy and elsewhere
186(8)
The Psychological and Business Incentives to Liquidity
194(16)
Sundry Observations on the Nature of Capital
210(12)
The Essential Properties of Interest and Money
222(23)
The General Theory of Employment re-stated
245(12)
BOOK V MONEY-WAGES AND PRICES
Changes in Money-Wages
257(23)
Appendix on Prof. Pigou's Theory of Unemployment
272(8)
The Employment Function
280(12)
The Theory of Prices
292(21)
BOOK VI SHORT NOTES SUGGESTED BY THE GENERAL THEORY
Notes on the Trade Cycle
313(20)
Notes on Mercantilism, The Usury Laws, Stamped Money and Theories of Under-Consumption
333(39)
Concluding Notes on the Social Philosophy towards which the General Theory Might Lead
372(13)
Index 385

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