From one of the most influential economists of the modern era, Keynes and his "General Theory" shaped economic thought and government policies for decades to come. Out of this magnum opus arose the Keynesian school of economics. Keynes argues that the level of employment in a modern economy was determined by three factors: the marginal propensity to consume (income that people chose to spend on goods and services), the marginal efficiency of capital (the rate used to see whether investments are worthy) and the rate of interest. This work has enormous implications to the present day in...

The General Theory of Employment, Interest and Money by John Maynard Keynes is considered to be his magnum opus and is largely credited with creating the terminology and shape of modern macroeconomics. The General Theory brought about a revolution, commonly referred to as the "Keynesian Revolution," in the way economists thought especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, The General Theory challenged the established classical economics and...

The Economic Consequences of the by John Maynard Keynes was a best seller throughout the world and was critical in establishing a general opinion that the Versailles Treaty was a "Carthaginian peace." It helped to consolidate American public opinion against the treaty and involvement in the League of Nations. The success of the book established Keynes' reputation as a leading economist especially on the left. When Keynes was a key player in establishing the Bretton Woods system in 1944, he remembered the lessons from Versailles as well as the Great Depression. The Marshall Plan after Second...

Three of Keynes classic works in a single volume.

Three of Keynes classic works in a single volume.

2012 Reprint of 1933 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Most of the essays in this book were first collected and published in 1933, when Keynes had reached a turning point in what had by then become a highly successful career as an academic economist, as an official economic adviser, opponent of the reparations imposed on Germany, and critic of the orthodox economic policies of British governments. Before devoting himself fully to the final stages of his journey towards the "General Theory of Employment, Interest and Money,"...

Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.