Penguin economics
2 total works
In 1936 Keynes published "The General Theory of Employment, Interest and Money". Why was it so important? What did it say? How did it change things? Did the answer it provided to unemployment make inflation inevitable? Has Keynesianism been superseded by monetarism? How far do economic policies influence unemployment levels? These issues are discussed in this introduction to Keynes' work and ideas.
A polemical sequel, of sorts, to the author's "Keynes and after", looking at the economic policies of the last ten years in a Keynesian light and suggesting that the current recession bears all the hallmarks of the slump of the 1930's. "Keynes in the 1990's" is a form of sequel, but is very much about the application of Keynesian policies now, whereas the "Keynes and after" is entirely a historical book.