His most important work, the general theory of employment, interest and money, advocated a remedy for recession based on a governmentsponsored policy of full employment. A murit in 1946, imediat dup a ce a primit garan tia acord arii unui imprumut american pentru marea britanie. The general theory of employment, interest and money of 1936 is the last and most important book by the english economist john maynard keynes. Keynes argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. This cited by count includes citations to the following articles in scholar. The probability in keynes munich personal repec archive. It created a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology the keynesian revolution. However, 70 years after the publication of the general theory of employment, interest and money, specialists are still farmaybe everyday furtherfrom rea. The goal of this article is to show that even on its own terms the general theory must be considered a failure, for the problem it purports to solve, involuntary. Every time the economy goes through a period of crisis, keynes name is called upon by economists and politicians from diverse backgrounds. The ones marked may be different from the article in the profile. Referat recenzie john maynard keynes, teoria generala a. In teoria economica clasica deficitele publice sunt considerate a fi periculoase intrucat. The general theory of employment, interest and money transformed economics and changed the face of modern macroeconomics.
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