Enhanced descriptions from Syndetics:

John Maynard Keynes's seminal The General Theory of Employment, Interest and Money remains central to economic debate over sixty years after its publication. This book shows how Keynes's masterpiece is best understood not as an attempt to tackle the immediate policy issues of this age but to extend the range of thought available to economists. Understood as such, it continues to provide the most effective framework to the central issues about the functioning of the economy. The authors offer a clear exposition of Keynes's thought and its continuing relevance for economists in academic, business and government life.

Table of contents provided by Syndetics

• Preface (p. xi)
• Acknowledgements (p. xii)
• 1 Introduction: The Keynesian Evolution (p. 1)
• The 'classical' economists (p. 1)
• A Treatise on Money (p. 5)
• Premises of classical theory (p. 6)
• The 'Vital Chapter' (p. 9)
• Theory of output as a whole (p. 10)
• Nature of The General Theory (p. 11)
• The argument (p. 12)
• Themes of The General Theory (p. 14)
• 2 Keynes's Way of Theorizing: The Marshall Connection (p. 16)
• The Marshallian tradition (p. 16)
• Economic theory (p. 18)
• Role of models (p. 22)
• The concept of equilibrium (p. 30)
• The writing of economic theory (p. 33)
• The style of The General Theory (p. 36)
• Conclusion (p. 39)
• 3 Foundations: Units, Expectations, Income (p. 40)
• The choice of units (p. 40)
• Expectations (p. 47)
• The definition of income (p. 51)
• 4 The Supply-Side (p. 57)
• The model (p. 57)
• The market (p. 60)
• The firm (p. 61)
• Expectations (p. 63)
• The aggregate supply function (p. 64)
• The aggregate demand function (p. 66)
• Effective demand (p. 68)
• Aggregation (p. 70)
• Preliminary view of equilibrium (p. 72)
• Conclusion (p. 73)
• 5 The Demand-Side I: Consumption (p. 75)
• The purpose of production (p. 75)
• The gap (p. 78)
• The income relevant to consumption (p. 79)
• Income and consumption (p. 80)
• The identification of consumption-expenditure (p. 81)
• Time-preference (p. 83)
• Motives to spending (p. 84)
• Stability of the relationship between income and consumption (p. 86)
• The propensity to consume (p. 89)
• The shape of the propensity to consume (p. 90)
• Concluding remarks (p. 92)
• 6 The Demand-Side II: Investment (p. 94)
• Definition of investment (p. 94)
• The inducement to invest (p. 96)
• The supply price of capital goods (p. 98)
• The marginal efficiency of capital (p. 101)
• Limit to expenditure for investment purposes (p. 103)
• Long-term expectations (p. 105)
• The precariousness of knowledge (p. 108)
• Factors which mitigate the effects of ignorance (p. 113)
• Investment by public authorities (p. 115)
• Conclusion (p. 117)
• 7 The Rate of Interest (p. 118)
• Definition of the rate of interest and of money (p. 118)
• The purchase and sale of debts (p. 119)
• Liquidity-preference (p. 120)
• The motives for holding money (p. 130)
• The relationship between the rate of interest and the quantity of money (p. 132)
• The quantity of money and the rate of interest (p. 134)
• The shapes of the liquidity functions (p. 138)
• Correspondence between the quantity of money and the rate of interest (p. 143)
• The rate of interest--a psychological phenomenon (p. 144)
• 8 Profit-Equilibrium (p. 146)
• The equilibrium of the firm (p. 146)
• The equilibrium of the economy as a whole (p. 149)
• The multiplier (p. 153)
• Involuntary unemployment (p. 158)
• Say's law (p. 161)
• 9 Wages, Prices and Money (p. 163)
• The relationship between wages and employment (p. 163)
• The effects of changes in the quantity of money (p. 168)
• The elasticity of supply (p. 174)
• The theory of money and prices (p. 178)
• The quantity theory of money (p. 180)
• 10 Conclusion (p. 184)
• Summary (p. 184)
• Relative stability (p. 188)
• The trade cycle (p. 191)
• Other issues (p. 194)
• Theory not policy (p. 197)
• Keynes's own view of The General Theory (p. 200)
• Notes (p. 203)
• References (p. 209)
• Index (p. 211)

Author notes provided by Syndetics