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

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

John Maynard Keynes

Classical economics suggests that market economies are self-correcting in times of recession or depression, and tend toward full employment and output. But English economist John Maynard Keynes disagrees. In his ground-breaking 1936 study The General Theory, Keynes argues that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand. Keynes believes market economies are by nature unstable, and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, he sets out to revolutionize the way the world thinks about and understands economics

Classical economics suggests that market economies are self-correcting in times of recession or depression, and tend toward full employment and output. But English economist John Maynard Keynes disagrees. In his ground-breaking 1936 study The General Theory, Keynes argues that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand. Keynes believes market economies are by nature unstable, and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, he sets out to revolutionize the way the world thinks about and understands economics
More Information

Genres:

Economics

Description:

Classical economics suggests that market economies are self-correcting in times of recession or depression, and tend toward full employment and output. But English economist John Maynard Keynes disagrees. In his ground-breaking 1936 study The General Theory, Keynes argues that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand. Keynes believes market economies are by nature unstable, and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, he sets out to revolutionize the way the world thinks about and understands economics

Language:

English

Narrators:

John Collins, Macat.com

Length:

1h 50m


Chapters

Chapter 1
Chapter 1

12:00


Chapter 2
Chapter 2

08:19


Chapter 3
Chapter 3

08:10


Chapter 4
Chapter 4

07:59


Chapter 5
Chapter 5

08:49


Chapter 6
Chapter 6

08:42


Chapter 7
Chapter 7

07:08


Chapter 8
Chapter 8

07:04


Chapter 9
Chapter 9

08:19


Chapter 10
Chapter 10

08:24


Chapter 11
Chapter 11

09:39


Chapter 12
Chapter 12

08:05


Chapter 13
Chapter 13

07:55