John Maynard Keynes

The Economic Consequences of the Peace (1919) is a book written by the British economist John Maynard Keynes. In his book, he argued for a much more generous peace, not out of a desire for justice or fairness, these are aspects of the peace that Keynes does not deal with but for the sake of the economic well-being of all of Europe, including the Allied Powers, which the Treaty of Versailles and its associated treaties would prevent. The success of the book established Keynes' reputation as a leading economist, especially on the left. When Keynes was a key player in establishing the Bretton Woods system in 1944, he remembered the lessons from Versailles as well as the Great Depression. The Marshall Plan, which was promulgated to rebuild Europe after the Second World War, was similar to the system proposed by Keynes in The Economic Consequences of the Peace.

The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes and is generally considered to be Keynes' magnum opus, and is largely credited with creating the terminology and shape of modern macroeconomics. The General Theory of Employment, Interest and Money had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Keynes denied that an economy would automatically adapt to provide full employment even in equilibrium, and believed that the volatile and ungovernable psychology of markets would lead to periodic booms and crises. The General Theory is a sustained attack on the classical economics orthodoxy of its time. It introduced the concepts of the consumption function, the principle of effective demand and liquidity preference, and gave new prominence to the multiplier and the marginal efficiency of capital.

The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes and is generally considered to be Keynes' magnum opus, and is largely credited with creating the terminology and shape of modern macroeconomics. The General Theory of Employment, Interest and Money had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Keynes denied that an economy would automatically adapt to provide full employment even in equilibrium, and believed that the volatile and ungovernable psychology of markets would lead to periodic booms and crises. The General Theory is a sustained attack on the classical economics orthodoxy of its time. It introduced the concepts of the consumption function, the principle of effective demand and liquidity preference, and gave new prominence to the multiplier and the marginal efficiency of capital.

The Economic Consequences of the Peace (1919) is a book written and published by the British economist John Maynard Keynes. After the First World War, Keynes attended the Paris Peace Conference of 1919 as a delegate of the British Treasury. In his book, he argued for a much more generous peace, not out of a desire for justice or fairness - these are aspects of the peace that Keynes does not deal with - but for the sake of the economic well-being of all of Europe, including the Allied Powers, which the Treaty of Versailles and its associated treaties would prevent. The success of the book established Keynes' reputation as a leading economist.

The General Theory of Employment, Interest and Money of 1936 is a book by English economist John Maynard Keynes. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology - the "Keynesian Revolution". It had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts. It remains a relevant topic of debate to this day, perhaps more than ever. Given the economic turmoil of recent years, this debate is more heated than ever, between the Keynesian model of economics of Bush and Obama which favors bailouts and other government intervention to try to stabilize the market, and the Austrian school of economics which sees government intervention as detrimental and favors letting the market sort itself out on its own with minimal government interference.

Son nom est sur toutes les levres des qu'un choc survient: John Maynard Keynes (1883-1946), probablement l'economiste le plus influent a ce jour. Resumons grossierement: tete-pensante de Bretton Woods (Banque Mondiale et Fonds Monetaire International), createur de la politique du New Deal, theoricien de l'Etat-providence, muse du Plan Marshall et redoutable speculateur financier. La valeur de John Maynard Keynes ne se resume cependant pas a cette histoire economique. De sa jeunesse a sa maturite, l'economiste Keynes s'est nourri du philosophe Keynes. En faisant combattre les disciplines en duel, il parvient a en faire bouger les lignes. Il les ouvre a une interpenetration qui leur fait spontanement defaut. Les deux essais rassembles dans ce volume, l'un ecrit alors que Keynes est encore etudiant, l'autre alors qu'il est devenu un penseur accompli, permettent de saisir sur le vif cette pensee dont le trait evident est le gout pour la transgression. Une pensee capable de surprendre la crise quand la crise nous surprend. Une pensee decidee a prendre appui sur les extremites du temps: revenir a la philosophie antique pour evaluer les difficultes morales contemporaines, ou predire l'etat du monde a un siecle de distance pour penser les defis les plus urgents du present. Dialogue entre la philosophie et l'economie, efficace de la transgression pour resoudre une crise inedite, projection dans le long terme pour mieux saisir le present: trois lecons dont la validite semble plus forte que jamais. La presente edition bilingue, choisie, introduite et traduite par Jerome Batout, donne, en miroir, La Vertu et le Bonheur, texte inedit de 1905, et Possibilites economiques pour nos petits-enfants (1930), en traduction nouvelle.

The General Theory of Employment, Interest and Money is Keynes' masterpiece published right after the Great Depression. It sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially challenging the proposition that a market economy tends naturally to restore itself to full employment on its own. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts. It remains a relevant topic of debate to this day, perhaps more than ever. Given the economic turmoil of recent years, this debate is more heated than ever, between the Keynesian model of economics of Bush and Obama which favors bailouts and other government intervention to try to stabilize the market, and the Austrian school of economics which sees government intervention as detrimental and favors letting the market sort itself out on its own with minimal government interference. You decide.

Reproduction of the original: Indian Currency and Finance by John Maynard Keynes

Reproduction of the original: A Revision of the Treaty by John Maynard Keynes

Reproduction of the original: The Economic Consequences of the Peace by John Maynard Keynes

John Maynard Keynes was a British economist whose theories had a profound impact on twentieth century history and economic practice. Born and raised in Cambridge, England to highly successful, intelligent parents John and Florence Keynes, he attended Eton and King's College, Cambridge where he joined the intellectual group called "The Apostles" with the likes of Virginia Woolf, E. M. Forster, and Bertrand Russell. In 1919, after attending the Paris Peace Conference as economic advisor to Prime Minister Lloyd George, Keynes resigned from a prominent position in the Treasury and published "The Economic Consequences of the Peace", a stinging indictment of the Versailles Treaty. Keynes expressed his opposition to the political practices that were taking place, and the work gained him instant notoriety. The impact of this, and other, works on economic theory and policy led to what is now termed the "Keynesian Revolution" of the twentieth century, and helped shape modern macroeconomics. This edition is printed on premium acid-free paper.