The general theory of employment, interest and money

John Maynard Keynes

The General Theory of Employment, Interest and Money

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Preface ...................................................................................................................................................................... 5 Chapter 1 The GeneralTheory.................................................................................................................................. 7 Chapter 2 The Postulates of the Classical Economics .............................................................................................. 8 Chapter 3. The Principle of Effective Demand ....................................................................................................... 15 Chapter 4. The Choice of Units.............................................................................................................................. 20 Chapter 5. Expectation as Determining Output and Employment .......................................................................... 23 Chapter 6. The Definition of Income, Saving and Investment................................................................................ 26 Appendix on UserCost........................................................................................................................................... 31 Chapter 7. The Meaning of Saving and Investment Further Considered ................................................................ 35 Chapter 8. The Propensity to Consume: I. The ObjectiveFactors.......................................................................... 39 Chapter 9. The Propensity to Consume: II. The Subjective Factors ....................................................................... 46 Chapter 10. The Marginal Propensity to Consume and the Multiplier ................................................................... 48 Chapter 11. The Marginal Efficiency ofCapital..................................................................................................... 55 Chapter 12. The State of Long-Term Expectation .................................................................................................. 60 Chapter 13. The General Theory of the Rate of Interest ......................................................................................... 67 Chapter 14. The Classical Theory of the Rate of Interest....................................................................................... 71 Chapter 15. The Psychological and Business Incentives To Liquidity ................................................................... 79 Chapter 16. Sundry Observations on the Nature of Capital .................................................................................... 85 Chapter 17. The EssentialProperties of Interest and Money .................................................................................. 89 Chapter 18. The General Theory of Employment Re-Stated .................................................................................. 97 Chapter 19. Changes inMoney-Wages................................................................................................................. 101 Chapter 20. The Employment Function[1] ........................................................................................................... 110 Chapter 21. The Theory of Prices ......................................................................................................................... 114 Chapter 22. Notes on the Trade Cycle.................................................................................................................. 121 Chapter 23. Notes on Mercantilism) The Usury Laws, Stamped Money and Theories of Under-Consumption .. 128 Chapter 24. Concluding Notes on the Social Philosophy towards which the General Theory might Lead .......... 144

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Preface
This book is chiefly addressed to my fellow economists. I hope that it will be...