© 2018

The General Theory of Employment, Interest, and Money


Table of contents

  1. Front Matter
    Pages i-xliii
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. John Maynard Keynes
      Pages 3-3
    3. John Maynard Keynes
      Pages 5-20
    4. John Maynard Keynes
      Pages 21-30
  3. Definitions and Ideas

    1. Front Matter
      Pages 31-31
    2. John Maynard Keynes
      Pages 33-40
    3. John Maynard Keynes
      Pages 41-45
    4. John Maynard Keynes
      Pages 47-66
  4. The Propensity to Consume

    1. Front Matter
      Pages 77-77
    2. John Maynard Keynes
      Pages 79-94
    3. John Maynard Keynes
      Pages 101-116
  5. The Inducement to Invest

    1. Front Matter
      Pages 117-117
    2. John Maynard Keynes
      Pages 119-128
    3. John Maynard Keynes
      Pages 129-143
    4. John Maynard Keynes
      Pages 145-153
    5. John Maynard Keynes
      Pages 155-170
    6. John Maynard Keynes
      Pages 171-184

About this book


This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation.

The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned.

Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.


Market economy Employment Keynesian revolution Consumption function Marginal efficiency of capital Effective demand Liquidity preference Aggregate demand

Authors and affiliations

  1. 1.CambridgeUK

About the authors

John Maynard Keynes (1883-1946) is one of the most influential economists of modern times. Educated at Cambridge University, he returned to teach at, and become a fellow of, Kings College, Cambridge. In 1915 Keynes joined the UK Treasury and acted as an advisor to government for many years. His ideas are now known the world over as Keynesian economics.

Bibliographic information

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