The general theory of employment interest, and money (Record no. 1891)

MARC details
000 -LEADER
fixed length control field 03168nam a22002057a 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20220223145337.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9788126906581
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330.156
Item number KEY
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Keynes, John Maynard
245 ## - TITLE STATEMENT
Title The general theory of employment interest, and money
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher, distributor, etc. Atlantic Publishers & Distributors Pvt. Ltd.
Place of publication, distribution, etc. New Delhi
Date of publication, distribution, etc. 2022
300 ## - PHYSICAL DESCRIPTION
Extent xl, 311 p.
365 ## - TRADE PRICE
Price type code INR
Price amount 395.00
520 ## - SUMMARY, ETC.
Summary, etc. About the Book<br/>John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and Money is undoubtedly the century’s most important book on economics—strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation’s economic life. Keynes’s work has undergone significant revaluation in recent years, and “Keynesian” views which have been widely defended for so long are now perceived as at odds with Keynes’s own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes’s works, such that recourse to the original text is all the more important.<br/><br/>Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the money to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning off the funds from the private sector which caused the over-production is in the first place. Keynes’s theory is unquestionably significant in understanding of modern economics. Far from being destructive, it alone has been responsible for nearly 60 years of growth without a major depression as we experienced worldwide in the 1930s.<br/><br/>While the present book is indispensable for the students, researchers and teachers of Economics, it is highly useful for the general readers keenly interested in understanding nation’s economy.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Economics
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Monetary policy
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Employment (Economic theory)
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Book
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Bill No Bill Date Home library Current library Shelving location Date acquired Source of acquisition Cost, normal purchase price Total Checkouts Full call number Accession Number Date last seen Date checked out Copy number Cost, replacement price Price effective from Koha item type
    Dewey Decimal Classification     Public Policy & General Management 31672 10-02-2022 Indian Institute of Management LRC Indian Institute of Management LRC General Stacks 02/23/2022 University Book House Pvt. Ltd. 276.50 1 330.156 KEY 001890 10/18/2022 09/22/2022 1 395.00 02/23/2022 Book

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