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The General Theory of Employment, Interest and Money
John Maynard Keynes
The General Theory of Employment, Interest and Money
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Written in the Great Depression, Keynes's argument that an economy can settle into long unemployment with nothing to pull it out, because employment depends on total spending, and that governments can and should act to sustain demand. The book that founded modern macroeconomics (1936). This edition lacks Keynes's footnotes.