To Keynes (and the out-of-work millions) in 1936, laissez-faire was about as appealing as a breadline. Left alone, he said, a capitalist market economy does not necessarily lead to full employment. Rescuing economies requires regulation in the form of tax-and-spend and interest-rate finagling. Alan Greenspan may owe his job to this book. [Byron Wein Annotation]
Like this content? Why not share it?
There Is 1 Comment
Click to See or Add Your Own »
Click to See or Add Your Own »
re-print of influential work originally published in 1936 – arguably one of the most important texts of the twentieth century.