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Livres anciens et modernes

John Maynard Keynes

The General Theory of Employment, Interest and Money

Kalpaz Publications, 2017

48,60 €

Gyan Books Pvt Ltd

(Delhi, Inde)

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Mode de Paiement

Détails

Année
2017
ISBN
9789351285267
Auteur
John Maynard Keynes
Pages
417
Éditeurs
Kalpaz Publications
Thème
Business & Money, Personal Finance, Budgeting & Money Management
Description
Paperback
Langues
Anglais
Reliure
Couverture souple
Print on demand
Oui

Description

ABOUT THE BOOK: The author spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an under employment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decision, it is unlikely to rapidly restore full employment
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