The Economic Theory of John Maynard Keynes - Dudley Dillard

The Economic Theory of John Maynard Keynes by Dudley Dillard

In this comprehensive and insightful book, Dudley Dillard presents a thorough examination of the economic theories of John Maynard Keynes. Dillard provides a detailed analysis of Keynes's groundbreaking ideas, offering a clear and accessible explanation of his revolutionary approach to economics.

Keynes's revolutionary ideas

Keynes's economic theories challenged the prevailing economic orthodoxy of the early 20th century. He argued that the classical economic model, which assumed that the economy would naturally tend towards full employment, was flawed. Keynes instead proposed that government intervention was necessary to stimulate economic growth and prevent unemployment.

The General Theory of Employment, Interest, and Money

Keynes's most influential work, The General Theory of Employment, Interest, and Money, published in 1936, revolutionized economic thought. In this seminal work, Keynes argued that the level of employment is determined by aggregate demand, rather than by the supply of labor. He also argued that interest rates are not determined by the supply and demand for money, but rather by the level of investment.

Keynesian economics in practice

Keynes's theories have had a profound impact on economic policymaking around the world. His ideas have been adopted by governments and central banks to stimulate economic growth and prevent unemployment. Keynesian economics has also been used to justify government intervention in the economy, such as through fiscal stimulus and monetary policy.

The legacy of John Maynard Keynes

John Maynard Keynes is widely regarded as one of the most influential economists of the 20th century. His theories have had a profound impact on economic thought and policymaking, and they continue to be debated and discussed today. The Economic Theory of John Maynard Keynes by Dudley Dillard provides a comprehensive and accessible introduction to Keynes's revolutionary ideas, making it an essential read for anyone interested in economics.

Why you should read this book

If you are interested in economics, or if you want to understand the economic policies that shape our world, then you should read The Economic Theory of John Maynard Keynes by Dudley Dillard. This book provides a clear and accessible explanation of Keynes's revolutionary ideas, and it will give you a deeper understanding of the economy and how it works.

Where to buy this book

You can purchase The Economic Theory of John Maynard Keynes by Dudley Dillard from Amazon, Barnes & Noble, or your local bookstore.