John Keynes’s book “The General Theory of Employment, Interest and Money” is rightly considered his greatest work. It is no exaggeration to say that this book influenced the development of economic science in the most direct way, forever inscribed the name of Keynes in history as an outstanding economist and philosopher.
The book was the first to introduce the concept of “multiplier” and expressed the idea of the need to use regulators to prevent and overcome the crisis in the state. Many of the concepts expressed on the pages of this work laid the foundations for the management of economic processes in the state, immortalizing the author with the term “Keynesianism” named in his honor.
The “General Theory of Employment, Interest and Money” raised a number of key issues in the field of resource allocation, consumer mechanisms and made a huge contribution to general economic theory.
At the time of the book’s publication, many different economists criticized Keynes’s main ideas, to which he responded with the article “The General Theory of Employment”, explaining those points that, in his opinion, went unnoticed by critics.
The book “The General Theory of Employment, Interest and Money”, according to many experts, is one of the hundred greatest books in the history of mankind.
