Analysis: A Macat Analysis of John Maynard Keynes's The General Theory of Employment, Interest and Money
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Analysis: A Macat Analysis of John Maynard Keynes's The General Theory of Employment, Interest and Money
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John Collins
About this listen
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 disagreed.
In his groundbreaking 1936 book The General Theory of Employment, Interest and Money, Keynes argued that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believed market economies are by nature unstable and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes set out to revolutionize the way the world thinks about and understands economics - and in this he succeeded.
In the latter half of the 20th century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the 21st century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
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Story4 out of 5 stars 1,319
When Sasha receives a call from her old university friend Gabby inviting her to spend Christmas at Gabby’s remote Scottish lake house, Sasha knows she shouldn’t go. Twelve years ago, on Christmas Eve, when Sasha and her five closest friends were celebrating the festive season, something truly horrific happened that would change the course of their friendship forever. Something that meant Sasha hasn’t spoken to any of them since that night.
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3 out of 5 stars
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The mystery of the story.
- By Charlene Gipson on 11-06-24
By: Kathryn Croft
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The Psychology of Money
- Timeless Lessons on Wealth, Greed, and Happiness
- By: Morgan Housel
- Narrated by: Chris Hill
- Length: 5 hrs and 54 mins
- Unabridged
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Overall5 out of 5 stars 21,842
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Performance5 out of 5 stars 18,135
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Story4.5 out of 5 stars 18,045
Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money.
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3 out of 5 stars
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Could be summarized in one sentence
- By Alex on 05-30-21
By: Morgan Housel
What listeners say about Analysis: A Macat Analysis of John Maynard Keynes's The General Theory of Employment, Interest and Money
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Jose
- 05-14-17
awesome
it is a good book and i will help people have a better understanding of how economics system work. thanks to audible for the opportunity 🖒
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Overall1 out of 5 stars
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Performance1 out of 5 stars
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Story1 out of 5 stars
- Amazon Customer
- 02-28-18
No substance. Repetitive.
Keynes Wikipedia page has more info. This "audiobook" repeated the same handful of facts over and over without explaining Keynes work in the slightest. Disappointing.
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Overall1 out of 5 stars
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Performance2 out of 5 stars
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Story1 out of 5 stars
- Tatsuno
- 05-17-18
almost no information.
Each chapter felt like it was written by different person as much of the information was repeated from chapter to chapter. And none of the information presented gave me any insight on John Maynard Keynes's book. Let me save you some time and give you all the information that is in this book.
economic philosophy was dominated by the classical economic ideas presented by Adam Smith. then the Great Depression happened which classical economics said should be impossible. John Maynard Keynes wrote a book about it. some people hated it some people liked it. the end.
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3 people found this helpful
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Overall1 out of 5 stars
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Performance1 out of 5 stars
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Story1 out of 5 stars
- Luis Ros
- 09-01-20
No substance misleading
No substance misleading title more like a short and bad summary of Kaynes great book
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