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Libri antichi e moderni

John Maynard Keynes

The General Theory of Employment, Interest and Money

Kalpaz Publications, 2017

48,60 €

Gyan Books Pvt Ltd

(Delhi, India)

Parla con il Libraio

Metodi di Pagamento

Dettagli

Anno di pubblicazione
2017
ISBN
9789351285267
Autore
John Maynard Keynes
Pagine
417
Editori
Kalpaz Publications
Soggetto
Business & Money, Personal Finance, Budgeting & Money Management
Descrizione
Paperback
Lingue
Inglese
Legatura
Brossura
Print on demand

Descrizione

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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