The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money
Author: John Maynard Keynes
Publisher: Springer
Total Pages: 430
Release: 2018-07-20
Genre: Business & Economics
ISBN: 3319703447

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.

Back to Full Employment

Back to Full Employment
Author: Robert Pollin
Publisher: MIT Press
Total Pages: 206
Release: 2012
Genre: Business & Economics
ISBN: 0262017571

Economist Robert Pollin argues that the United States needs to try to implement full employment and how it can help the economy.

Full Employment in a Free Society (Works of William H. Beveridge)

Full Employment in a Free Society (Works of William H. Beveridge)
Author: William H. Beveridge
Publisher: Routledge
Total Pages: 442
Release: 2014-11-27
Genre: Business & Economics
ISBN: 1317569784

Beveridge defined full employment as a state where there are slightly more vacant jobs than there are available workers, or not more than 3% of the total workforce. This book discusses how this goal might be achieved, beginning with the thesis that because individual employers are not capable of creating full employment, it must be the responsibility of the state. Beveridge claimed that the upward pressure on wages, due to the increased bargaining strength of labour, would be eased by rising productivity, and kept in check by a system of wage arbitration. The cooperation of workers would be secured by the common interest in the ideal of full employment. Alternative measures for achieving full employment included Keynesian-style fiscal regulation, direct control of manpower, and state control of the means of production. The impetus behind Beveridge's thinking was social justice and the creation of an ideal new society after the war. The book was written in the context of an economy which would have to transfer from wartime direction to peace time. It was then updated in 1960, following a decade where the average unemployment rate in Britain was in fact nearly 1.5%.