The General Theory of Employment, Interest and Money

About “The General Theory of Employment, Interest and Money”

The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes, published in February 1936. It marked a major shift in economic thought by placing macroeconomics at the center of economic theory and introducing key terminology that shaped the field. The book influenced economic policy by supporting government intervention, including budget deficits and monetary policies. It also expressed skepticism toward the reliability of free-market decision-making. (Summary adapted from Wikipedia, CC BY-SA 4.0.)