Book Review: The General Theory of Employment, Interest and Money by John M. Keynes

It can be hard for busy professionals to find the time to read the latest
books. Stay up to date in a fraction of the time with this concise guide.

The General Theory of Employment, Interest and Money by John Maynard Keynes
was first published in 1936, and had a lasting impact on both economic theory
and state economic policies. Keynes’s primary aim was to challenge certain
aspects of classical economics which were accepted as fact at the time, namely
Say’s law, which states that supply will create its own demand, and the
assumption that free markets automatically tend towards full employment.
Keynes introduced several revolutionary concepts in this book, including
effective demand, the propensity to consume, the investment multiplier and the
liquidity-preference, to support his arguments in favour of greater state
interventionism as a response to financial crises.

This book review and analysis is perfect for:

•Anyone interested in the history of economic theory, particularly
macroeconomics
•Anyone who wants to understand the aims of state intervention in the
financial market
•Students of, or anyone interested in, modern politics and economics

About 50MINUTES.COM| BOOK REVIEW

The Book Review series from the 50Minutes collection is aimed at anyone who is
looking to learn from experts in their field without spending hours reading
endless pages of information. Our reviews present a concise summary of the
main points of each book, as well as providing context, different perspectives
and concrete examples to illustrate the key concepts.