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The General Theory of Employment, Interest, and Money
Keynes's work reveals why economies don't always self-correct, showing how collective human psychology drives booms and busts, and why thoughtful intervention is often necessary to prevent widespread suffering.
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“Keynes's work reveals why economies don't always self-correct, showing how collective human psychology drives booms and busts, and why thoughtful intervention is often necessary to prevent widespread suffering.”
— John Maynard Keynes, The General Theory of Employment, Interest, and Money
Economics, Macroeconomics, Human Behavior, Policy
If you've ever wondered why economies can get stuck in long downturns despite everyone wanting to work, this will clarify the deeper forces at play, and this will help you see what to do next.
John Maynard Keynes, a towering figure in 20th-century economics, fundamentally reshaped our understanding of how economies function, moving beyond abstract models to acknowledge the messy, unpredictable influence of human psychology and collective action on prosperity and employment.