Audiobook1 hour
A Macat Analysis of John Maynard Keynes’s The General Theory of Employment, Interest and Money
Written by John Collins
Narrated by Macat.com
Rating: 4.5 out of 5 stars
4.5/5
()
About this audiobook
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 groundbreaking 1936 book The General Theory of Employment, Interest, and Money, 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 in the economy. 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, Keynes sets out to revolutionize the way the world thinks about and understands economics—and in this he succeeds.
In the latter half of the twentieth century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the twenty-first century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
In his groundbreaking 1936 book The General Theory of Employment, Interest, and Money, 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 in the economy. 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, Keynes sets out to revolutionize the way the world thinks about and understands economics—and in this he succeeds.
In the latter half of the twentieth century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the twenty-first century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
More audiobooks from John Collins
A Macat Analysis of Adam Smith’s The Wealth of Nations Rating: 4 out of 5 stars4/5A Macat Analysis of Milton Friedman’s The Role of Monetary Policy Rating: 5 out of 5 stars5/5
Related to A Macat Analysis of John Maynard Keynes’s The General Theory of Employment, Interest and Money
Related audiobooks
The Shifts and the Shocks: What We've Learned and Have Still to Learn From the Financial Crisis Rating: 4 out of 5 stars4/5Universal Man: The Lives of John Maynard Keynes Rating: 4 out of 5 stars4/5Macroeconomics Textbook Rating: 0 out of 5 stars0 ratingsThe Great Persuasion: Reinventing Free Markets Since the Depression Rating: 4 out of 5 stars4/5Money and Power: The World Leaders Who Changed Economics Rating: 0 out of 5 stars0 ratingsHow an Economy Grows and Why It Crashes Rating: 4 out of 5 stars4/5Keynes Hayek: The Clash That Defined Modern Economics Rating: 4 out of 5 stars4/5Winter in America: A Cultural History of Neoliberalism, from the Sixties to the Reagan Revolution Rating: 5 out of 5 stars5/5Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis Rating: 3 out of 5 stars3/5What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems Rating: 5 out of 5 stars5/5The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism Rating: 5 out of 5 stars5/5Universal Man: The Seven Lives of John Maynard Keynes Rating: 0 out of 5 stars0 ratingsThe Economic Consequences of the Peace Rating: 0 out of 5 stars0 ratingsHow China Escaped Shock Therapy: The Market Reform Debate Rating: 5 out of 5 stars5/5Aftershock: The Next Economy and America's Future Rating: 4 out of 5 stars4/51931: Debt, Crisis, and the Rise of Hitler Rating: 4 out of 5 stars4/5Imperialism: The Final Stage of Capitalism Rating: 0 out of 5 stars0 ratingsTwo Tactics of Social-Democracy Rating: 5 out of 5 stars5/5Brave New World Economy: Global Finance Threatens Our Future Rating: 0 out of 5 stars0 ratingsMisunderstanding Financial Crises: Why We Don't See Them Coming Rating: 4 out of 5 stars4/5The General Theory of Employment, Interest, and Money Rating: 0 out of 5 stars0 ratingsMilton Friedman: The Last Conservative Rating: 5 out of 5 stars5/5The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself Rating: 5 out of 5 stars5/5Liberalism In the Classical Tradition Rating: 0 out of 5 stars0 ratingsA Monetary and Fiscal History of the United States, 1961–2021 Rating: 5 out of 5 stars5/5The Dao of Capital: Austrian Investing in a Distorted World Rating: 4 out of 5 stars4/5Capitalism, Alone: The Future of the System That Rules the World Rating: 3 out of 5 stars3/5Wages of Rebellion Rating: 5 out of 5 stars5/5Epistemological Problems of Economics Rating: 0 out of 5 stars0 ratings
Economics For You
Men Without Work: America's Invisible Crisis Rating: 4 out of 5 stars4/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/5Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Rating: 4 out of 5 stars4/5A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation Rating: 4 out of 5 stars4/5Chip War: The Quest to Dominate the World's Most Critical Technology Rating: 5 out of 5 stars5/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5The Technology Trap: Capital, Labor, and Power in the Age of Automation Rating: 4 out of 5 stars4/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5Marvel Comics: The Untold Story Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 5 out of 5 stars5/5Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain Rating: 4 out of 5 stars4/5How the World Works Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Why the Rich Are Getting Richer Rating: 5 out of 5 stars5/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 4 out of 5 stars4/5Freakonomics Rev Ed Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5The Color of Money: Black Banks and the Racial Wealth Gap Rating: 5 out of 5 stars5/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5The Divide: Global Inequality from Conquest to Free Markets Rating: 4 out of 5 stars4/5What We Owe Each Other: A New Social Contract for a Better Society Rating: 4 out of 5 stars4/5The War Below: Lithium, Copper, and the Global Battle to Power Our Lives Rating: 5 out of 5 stars5/5Overdressed: The Shockingly High Cost of Cheap Fashion Rating: 4 out of 5 stars4/5The Genius of Israel: The Surprising Resilience of a Divided Nation in a Turbulent World Rating: 4 out of 5 stars4/5
Reviews for A Macat Analysis of John Maynard Keynes’s The General Theory of Employment, Interest and Money
Rating: 4.555555555555555 out of 5 stars
4.5/5
9 ratings1 review
- Rating: 3 out of 5 stars3/5The audiobook presents a historic overview of the ideas of Keynes and its historical background. An interesting listening.