The General Theory of Employment, Interest and Money: The Keynesian Revolution

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The book presents a transformative perspective on economics, emphasizing macroeconomics and introducing concepts that challenge classical theories. It advocates for government intervention, budget deficits, and monetary policies as essential tools for economic stability, reflecting skepticism towards free-market rationality. Its influence persists in contemporary debates, especially in the context of recent economic crises, contrasting Keynesian approaches favoring intervention with the Austrian school’s advocacy for minimal government involvement. This ongoing discourse underscores its lasting significance in economic thought.