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Keynes's general theoryof employment.

Date Submitted: 03/30/2003 11:00:10
Category: / Business & Economy / Economics
Length: 26 pages (7115 words)
In 1935, while he was writing The General Theory of Employment, Interest and Money, John Maynard Keynes wrote to George Bernard Shaw, "I believe myself to be writing a book on economic theory which will largely revolutionise--not, I suppose, at once but in the course of the next ten years--the way the world thinks about economic problems."[1] Keynes was not wrong--The General Theory did cause a great change in economic thought. It disproved many traditional beliefs …
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…other economists. The first article by Paul A. Samuelson is informative as well as humorous. Pigou, A.C., Keynes's 'General Theory' London: Macmillan & Co., Ltd. 1959 Robertson, D.H., Banking Policy and the Price Level New York: Augustine M. Kelley, 1949 Samuelson, Paul A., Economics 11th ed. New York: McGraw-Hill Book Company, 1980 Soule, George, Ideas of the Great Economists New York: The Viking Press, 1952 Wicksell, Knut, Selected Papers on Economic Theory Cambridge, Massachusetts: Harvard University Press, 1958
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