The General Theory of Profit Equilibrium : Keynes and the Entrepreneur Economy

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. Front Matter....Pages i-xii Introduction: The Keynesian Evolution....Pages 1-15 Keynes’s Way of Theorizing: The Marshall Connection....Pages 16-39 Foundations: Units, Expectations, Income....Pages 40-56 The Supply-Side....Pages 57-74 The Demand-Side I: Consumption....Pages 75-93 The Demand-Side II: Investment....Pages 94-117 The Rate of Interest....Pages 118-145 Profit-Equilibrium....Pages 146-162 Wages, Prices and Money....Pages 163-183 Conclusion....Pages 184-202 Back Matter....Pages 203-220 This text shows how Keynes's "The General Theory of Employment, Interest and Money" 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 Palgrave is an imprint of St. Martin's Press LLC Scholarly and Reference Division and Palgrave Publishers Ltd. (formerly Macmillan Press Ltd.).