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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.
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The General Theory of Employment, Interest and Money, John Collins
- Language
- Released
- 2017
- product-detail.submit-box.info.binding
- (Hardcover)
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- Title
- The General Theory of Employment, Interest and Money
- Language
- English
- Authors
- John Collins
- Publisher
- Macat International Limited
- Released
- 2017
- Format
- Hardcover
- ISBN10
- 191230225X
- ISBN13
- 9781912302253
- 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.