John Maynard Keynes’s research while affiliated with WWF United Kingdom and other places

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Publications (1)


General Theory of Employment, Interest and Money
  • Book

January 1965

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434 Reads

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14,658 Citations

John Maynard Keynes

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Citations (1)


... In the long run, if monetary tightening is too aggressive, there could be a sharp economic slowdown, rising unemployment and a decline in living standards. Tightening of monetary policy by the Fed and ECB has also been criticized for possible negative consequences for financial markets 40 . Higher interest rates lead to a reduction in the market value of bonds and an increase in the cost of servicing public and private debt, which can cause turbulence in capital markets. ...

Reference:

Comparisons of the monetary policy of the central banks of the Federal Reserve Bank and the European Central Bank and the National Bank of Poland
General Theory of Employment, Interest and Money
  • Citing Book
  • January 1965