John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator

John Maynard Keynes: The General Theory of Employment, Interest and Money - Konsumfunktion und Multiplikator

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  • Author: Markus Figiel
  • Publisher: GRIN Verlag
  • ISBN: 3640730607
  • Category :
  • Languages : de
  • Pages : 37

Studienarbeit aus dem Jahr 2010 im Fachbereich VWL - Geldtheorie, Geldpolitik, Note: 2,0, Universität Hohenheim, Sprache: Deutsch, Abstract: Am 24. Oktober 1929, dem sogenannten "Schwarzen Freitag" brach die New Yorker Börse zusammen. Dieser folgenschwere Tag war der Beginn der "Great Depression", die den historischen Hintergrund für die "General Theory of Employment, Interest and Money" von John Maynard Keynes legte. Die Great Depression beherrschte die Jahre 1929 bis 1933, in denen die weltweite Produktion massiv einbrach und Arbeitslosigkeit ein kollektives Phänomen war. Die damals vorherrschende ökonomische Theorie der Klassiker vertraute auf die selbststabilisierenden Kräfte der Wirtschaft und propagierte Enthaltsamkeit seitens der Politik. Nach, der damals dominierenden Meinung der Klassiker, würden sinkende Löhne und Preise eine Gegentendenz auslösen, die letztendlich die Wirtschaft wieder in ihr Gleichgewicht bei Vollbeschäftigung bringt. Diese Voraussetzungen waren in der Weltwirtschaftskrise erfüllt, Preise und Löhne sanken im großen Umfang, jedoch war eine Tendenz zur Rückkehr zur Vollbeschäftigung nicht erkennbar. Keynes folgerte vor diesem Hintergrund, dass sich die in einer Krise automatisch ausgelöste Tendenz zur Rückkehr zum Gleichgewicht, wenn überhaupt vorhanden, nur sehr langsam und "schmerzhaft" vollzog. Dies verlangte, laut Keynes, nach einer neuen Theorie, die die wahren Gründe der Arbeitslosigkeit beschrieb und zugleich den Weg aus der Krise aufzeigte. Keynes leitendes Interesse bestand darin eine Theorie zu entwickeln, welche die Realität der Krise abbildete und der Wirtschaftspolitik praktische Ratschläge lieferte, wie eine Krise bewältigt werden konnte. Diese Arbeit widmet sich zwei zentralen Gegenständen der "General Theory", nämlich dem Konsum und dem Multiplikator.


The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money

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  • Author: John Maynard Keynes
  • Publisher: Springer
  • ISBN: 3319703447
  • Category : Business & Economics
  • Languages : en
  • Pages : 404

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.


Biography of an Idea

Biography of an Idea

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  • Author: David Felix
  • Publisher: Routledge
  • ISBN: 1351294237
  • Category : Business & Economics
  • Languages : en
  • Pages : 285

The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy. Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an Idea devotes four chapters to an analysis of The General Theory and an examination of the economic logic of Keynes. The author disentangles the work's fundamentally simple theses from its difficult technical pre-sentation. He shows how Keynes shaped his economic model as he did as an effort to win public support for sensible policies that clashed with generally accepted beliefs of the time. Biography of an Idea is bound to be controversial due to the many cohorts of economists who have been trained in macroeconomics according to Keynes. It will be of interest and ac-cessible to intellectually curious laymen and students, and important to economists, historians, and political scientists.


The General Theory of Employment, Interest and Money (Illustrated)

The General Theory of Employment, Interest and Money (Illustrated)

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  • Author: John Maynard Keynes
  • Publisher:
  • ISBN: 9781521046814
  • Category :
  • Languages : en
  • Pages : 428

The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will in the long run deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that an absence of competition is not the main issue regarding unemployment, and that even reducing wages or benefits have no major effect.


The General Theory of Employment, Interest and Money by John Maynard Keynes AND Essays In Persuasion by John Maynard Keynes

The General Theory of Employment, Interest and Money by John Maynard Keynes AND Essays In Persuasion by John Maynard Keynes

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  • Author: John Maynard Keynes
  • Publisher: Createspace Independent Publishing Platform
  • ISBN: 9781448673025
  • Category : Currency question
  • Languages : en
  • Pages : 0

This new edition of Keynes' classic text includes a foreword by Paul Krugman.


Summary of John Maynard Keynes's The General Theory of Employment, Interest and Money

Summary of John Maynard Keynes's The General Theory of Employment, Interest and Money

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  • Author: Everest Media
  • Publisher: Everest Media LLC
  • ISBN: 1669349608
  • Category : Business & Economics
  • Languages : en
  • Pages : 79

Please note: This is a companion version & not the original book. Sample Book Insights: #1 I have called this book the General Theory of Employment, Interest and Money, placing the emphasis on the prefix general. The object of such a title is to contrast the character of my arguments and conclusions with those of the classical theory of the subject, upon which I was brought up and which dominates the economic thought of the governing and academic classes of this generation.


The General Theory of Employment, Interest and Money

The General Theory of Employment, Interest and Money

PDF The General Theory of Employment, Interest and Money Download

  • Author: John Maynard Keynes
  • Publisher:
  • ISBN: 9781492844754
  • Category : Economics
  • Languages : en
  • Pages : 0

The General Theory of Employment, Interest and Money The "Keynesian Revolution" Complete EditionBy John Maynard Keynes The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will, in the long run, deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that a lack of competition is not the fundamental problem and measures to reduce unemployment by cutting wages or benefits are not only hard-hearted but ultimately futile.


The General Theory of Employment, Interest and Money

The General Theory of Employment, Interest and Money

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  • Author: John Collins
  • Publisher: CRC Press
  • ISBN: 135135132X
  • Category : Business & Economics
  • Languages : en
  • Pages : 106

John Maynard Keynes’s 1936 General Theory of Employment, Interest and Money is a perfect example of the global power of critical thinking. A radical reconsideration of some of the founding principles and accepted axioms of classical economics at the time, it provoked a revolution in economic thought and government economic policies across the world. Unsurprisingly, Keynes’s closely argued refutation of the then accepted grounds of economics employs all the key critical thinking skills: analysing and evaluating the old theories and their weaknesses; interpreting and clarifying his own fundamental terms and ideas; problem solving; and using creative thinking to go beyond the old economic theories. Perhaps above all, however, the General Theory is a masterclass in problem solving. Good problem solvers identify their problem, offer a methodology for solving it, and suggest solutions. For Keynes the problem was both real and theoretical: unemployment. A major issue for governments during the Great Depression, unemployment was also a problem for classical economics. In classical economics, theoretically, unemployment would always disappear. Keynes offered both an explanation of why this was not the case in practice, and a range of solutions that could be implemented through government monetary policy.


The Collected Writings of John Maynard Keynes

The Collected Writings of John Maynard Keynes

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  • Author: John Maynard Keynes
  • Publisher:
  • ISBN: 9780333009420
  • Category :
  • Languages : en
  • Pages : 428


The Collected Writings of John Maynard Keynes

The Collected Writings of John Maynard Keynes

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  • Author: John Maynard Keynes
  • Publisher:
  • ISBN:
  • Category :
  • Languages : en
  • Pages :