John Maynard Keynes

2012 Reprint of 1932 American Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. The essays in this volume show Keynes's attempts to influence the course of events by public persuasion over the period of 1919-40. In the light of subsequent history, 'Essays in Persuasion' is a remarkably prophetic volume covering a wide range of issues in political economy. In articles on the Versailles Treaty, John Maynard Keynes foresaw all too clearly that excessive Allied demands for reparations and indemnities would lead to the economic collapse of Germany. In Keynes's essays on inflation and deflation, the reader can find ideas that were to become the foundations of his most renowned treatise, 'The General Theory of Employment, Interest and Money' (1936). With startling accuracy Keynes forecast the economic fluctuations that were to beset the economies of Europe and the United States and even proposed measures which, if heeded at the time, might have warded off an era of world-wide depression. His views on Soviet Russia, on the decline of laissez-faire, and the possibilities of economic growth are as relevant today as when Keynes originally set them forth.

"The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realise with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organisation by which Western Europe has lived for the last half century."- CHAPTER I-INTRODUCTORYAs the most important figures in the history of economics, the work of John Maynard Keynes is nearly without precedent in the history of economics.THE ECONOMIC CONSEQUENCES OF PEACE, first published in 1919, achieved great notoriety due of its contemptuous critique of the French premier as well as President Woodrow Wilson. Keynes criticized the Allied victors for signing the Treaty of Versailles in 1920, which would have ruinous consequences for Europe. At the time, few world and economic leaders appreciated his criticisms as Keynes saw his worst fears realized in the rise of Adolf Hitler and the resulting devastation of World War II.JOHN MAYNARD KEYNES, 1883-1946, was born into an academic family. His father, John Nevile Keynes, was a lecturer at the University of Cambridge where he taught logic and political economy while his son was educated at Eton and Cambridge. Most importantly, Keynes revolutionized economics with his classic book, The General Theory of Employment, Interest and Money (1936). This work is generally regarded as perhaps the most influential social science treatise of the 20th Century, as it quickly and permanently changed the scope of economic thought. Interestingly, Keynes was a central member of the Bloomsbury Group, a collection of upper-class Edwardian aesthetes that served as his life outside of economics, which included Virginia Woolf, Clive Bell, and Lytton Strachey.

Distinguished British economist John Maynard Keynes (1883-1946) set off a series of movements that drastically altered the ways in which economists view the world. In his most important work, The General Theory of Employment, Interest, and Money (1936), Keynes critiqued the laissez-faire policies of his day, particularly the proposition that a normally functioning market economy would bring full employment. Keynes's forward-looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented. For Keynes, enlightened government intervention in a nation's economic life was essential to curbing what he saw as the inherent inequalities and instabilities of unregulated capitalism.

1930: Η οικονομική κατάρρευση που γνώρισαν το 1929 οι Ηνωμένες Πολιτείες έχει αρχίσει να απλώνει σύννεφα απαισιοδοξίας πάνω από την Ευρώπη, χωρίς κανένας να φαντάζεται ακόμα ποιες ακριβώς θα είναι οι συνέπειές της, και ο Κέυνς γράφει ένα μικρό δοκίμιο για να προτρέψει τους συμπατριώτες του να μην υποκύψουν στην απαισιοδοξία αυτή, προλέγοντας το μέλλον τους: Πιστεύει ότι μέσα στα εκατό επόμενα χρόνια ο πλούτος που προκύπτει σταθερά από την επένδυση του ήδη συσσωρευμένου κεφαλαίου θα είναι αρκετός για να καλυφθούν οι βασικές (οι απόλυτες, όπως τις ονομάζει) ανάγκες, και να απελευθερωθεί ο άνθρωπος, για πρώτη φορά στην Ιστορία, από το άχθος της εργασίας.Τα εκατό χρόνια κοντεύουν να εξαντληθούν και, αντίθετα απ’ ό,τι ήλπιζε ο Κέυνς, ο homo economicus έχει απλώσει παντού τα πλοκάμια του. Και το μικρό κείμενο αυτού του τόμου διαβάζεται ως το όνειρο μιας άλλης εποχής, ενώ ζούμε πια σε έναν κόσμο ακαθόριστης ή ανομολόγητης ταυτότητας, όπου η ιδιωτικότητα απορροφά όλο και περισσότερο τα παλιά ηθικά και πολιτικά περιεχόμενα εξουδετερώνοντάς τα, και όπου η ηθική γίνεται αισθητική των ιδιωτικών επιλογών και τέχνη του βίου, ενώ η πολιτική παύει να είναι πολιτική για να γίνει η δυναμική διαχείριση μιας πληθύος ιδιωτών.

John Maynard Keynes (1883-1946) was the most influential economist of the first half of the twentieth century. During both world wars he was an adviser to the British treasury, and his theory of government stimulation of the economy through deficit spending influenced Franklin D. Roosevelt's "New Deal" administration. The mass unemployment caused by the Great Depression inspired his most famous work, General Theory of Employment, Interest and Money (1935-36).Keynes first gained widespread prominence immediately following World War I, when he attended the Versailles peace conference as an economic adviser to British Prime Minister David Lloyd George. Disgusted with the harshly punitive and unrealistic provisions of the Versailles Treaty, as well as the political chicanery and general incompetence of the chief participants, he published The Economic Consequences of the Peace in 1919. This book gained a good deal of notoriety because of its withering portraits of both French premier Georges Clemenceau and U.S. President Woodrow Wilson. Keynes described Clemenceau as motivated only by shortsighted nationalistic goals and vindictiveness, which aimed at crippling Germany for generations no matter what the consequences to the rest of Europe. He found fault with Wilson for his ivory tower idealism, lack of diplomatic savvy, and unfamiliarity with the political realities of Europe. This ineffectual combination ultimately dashed his best hopes for a League of Nations and a just resolution to the war in Europe. In a point-by-point analysis Keynes makes clear the ruinous consequences of the treaty to all of Europe and proposes substantial modifications. Unfortunately, few appreciated Keynes's prescience, and he saw his worst fears realized in the rise of Hitler and the devastation of World War II.In The End of Laissez-Faire (1926) he presents a brief historical review of laissez-faire economic policy. Though he agrees in principle that a marketplace of free individuals pursuing their own self-interest without government interference has a better chance of improving society's economic situation than socialist alternatives, he suggests that government can play a constructive role in protecting individuals from the worst harms of capitalism's cycles, especially as concerns unemployment. Other useful government functions are the dissemination of information relating to business conditions, encouraging savings and investment along "nationally productive channels," and forming a national policy about the size of population.Keynes's brilliant mind and lucid writing are evident on every page. Both of these works are still well worth reading for his many stimulating ideas and profound knowledge of economics.

Edited with an introduction by ROBERT SKIDELSKY'Many of the greatest economic evils of our time are the fruits of risk, uncertainty, and ignorance'John Maynard Keynes was the most influential economist, and one of the most influential thinkers, of the twentieth century. He overturned the orthodoxy that markets were optimally self-regulating, and instead argued for state intervention to ensure full employment and economic stability. This new selection is the first comprehensive single-volume edition of Keynes's writings on economics, philosophy, social theory and policy, including several pieces never before published. Full of irony and wit, they offer a dazzling introduction to a figure whose ideas still have urgent relevance today.John Maynard Keynes (1883-1946) is widely considered to have been the most influential economist of the 20th century. His key books include The Economic Consequences of the Peace (1919); A Treatise on Probability (1921); A Tract on Monetary Reform (1923); A Treatise on Money (1930); and his magnum opus, the General Theory of Employment, Interest, and Money (1936).Robert Skidelsky is Emeritus Professor of Political Economy at Warwick. His three-volume biography of Keynes received numerous awards, including the Lionel Gelber Prize and the Council on Foreign Relations Prize.

John Maynard Keynes (1883-1946) is perhaps the foremost economic thinker of the twentieth century. On economic theory, he ranks with Adam Smith and Karl Marx; and his impact on how economics was practiced, from the Great Depression to the 1970s, was unmatched.The General Theory of Employment, Interest and Money was first published in 1936. But its ideas had been forming for decades - as a student at Cambridge, Keynes had written to a friend of his love for 'Free Trade and free thought'. Keynes's limpid style, concise prose, and vivid descriptions have helped to keep his ideas alive - as have the novelty and clarity, at times even the ambiguity, of his macroeconomic vision. He was troubled, above all, by high unemployment rates and large disparities in wealth and income. Only by curbing both, he thought, could individualism, 'the most powerful instrument to better the future', be safeguarded. The twenty-first century may yet prove him right.In The Economic Consequences of the Peace (1919), Keynes elegantly and acutely exposes the folly of imposing austerity on a defeated and struggling nation.

An Unabridged Printing, With Bibliography And A Comprehensive Index. Chapters Include: The Meaning Of Probability - Probability In Relation To The Theory Of Knowledge - The Measurement Of Probabilities - The Principle Of Indifference - Other Methods Of Determining Probabilities - The Weight Of Arguments - Historical Retrospect - The Frequency Theory Of Probability - The Theory Of Groups, With Special Reference To Logical Consistence, Inference, And Logical Priority - The Definitions And Axioms Of Inference And Probability - The Fundamental Theorems Of Necessary Inference - The Fundamental Theorems Of Probable Inference - Numerical Measurement And Approximation Of Probabilities - Some Problems In Inverse Probability, Including Averages - The Nature Of Argument By Analogy - The Value Of Multiplication Of Instances, Or Pure Induction - Some Historical Notes On Induction - The Meanings Of Objective Chance, And Of Randomness - Some Problems Arising Out Of The Discussion Of Chance - The Application Of Probability To Conduct - The Nature Of Statistical Inference - The Law Of Great Numbers - The Theorems Of Bernoulli, Poisson, And Tchebycheff - Etc., Etc.

This treatise, written in 1923 by the renowned proponent of deficit spending, is devoted to the need for stable currency as the indispensable foundation to a healthy world economy. Keynes begins by laying out data showing the serious fluctuations in the value of money that began in 1914 and subjected North America, Europe, and India to injurious cycles of inflation and deflation. He describes the various effects on investors, business people, and wage earners of this erratic underlying influence and makes it clear that policies limiting such fluctuations must be implemented to ensure greater economic and social stability. He finds the gold standard, which was used as the basis of value for many currencies, including the U.S. dollar at that time, to be ultimately unreliable since gold itself is also prey to unstable valuations. In the final analysis he recommends the implementation of policies by Great Britain and the United States that aim at achieving stability of the commodity value of the dollar rather than the gold value. "[T]he ideal state of affairs," he argues, "is an intimate co-operation between the Federal Reserve Board and the Bank of England, as a result of which stability of prices and of exchange would be achieved at the same time."As always, Keynes proved to be amazingly The United States did eventually abandon the gold standard and the U.S. dollar is indeed the basis of currency values today. Keynes's brilliant, clear analysis of the world monetary situation at the beginning of the twentieth century, with his many suggestions and his masterful elucidation of economic principles, is still well worth reading today at the beginning of the twenty-first century.

These two volumes cover the attempts during 1920-32 at international financial reconstruction and end the story of post-1918 reparations.

«Al lettore di questo libro» avverte David Garnett nell'I­­ntroduzione «si chiede di prendere atto della propria condizione privilegiata: quanto si accinge a leggere era infatti stato pensato esclusivamente per coloro ai quali lo scrittore sentiva di poter parlare senza riserve». I due testi qui raccolti erano infatti riservati alla lettura ad alta voce di fronte a un pubblico di amici intimi, con cui l'economista era solito ritrovarsi periodicamente per rievocare momenti del comune passato. Possiamo quindi cogliere direttamente il libero fluire dei ricordi di Keynes: Melchior: un nemico sconfitto ci offre il magistrale ritratto di uno dei negoziatori tedeschi al tavolo della Conferenza di pace di Parigi, Le mie prime convinzioni ci fa invece rivivere l'atmosfera di Cambridge e Bloomsbury di inizio Novecento, allorché Keynes concepì alcune delle idee che lo avrebbero guidato per tutta la vita, condividendo altresì l'il­lusione – spazzata via dalla Grande Guerra – della sostanziale ragionevolezza della natura umana. E alla fine non potremo non sentirci davvero «privilegiati» leggendo questi scritti, che per la rara capacità di introspezione e di penetrazione psicologica, unita alla limpida prosa, si collocano senza dubbio, come afferma ancora Garnett, «tra le cose migliori uscite dalla penna di Lord Keynes».

2011 Reprint of 1930 Two Volume American Edition. Complete. Two volumes bound into one. Volume One: "The Pure Theory of Money". Volume Two: "The Applied Theory of Money". Full facsimile of the original edition, not reproduced with Optical Recognition Software. Volumes One and Two of Keynes' classic work published in a handy one volume format. Exact facsimile of the original Edition. Keynes had begun a theoretical work to examine the relationship between unemployment, money and prices back in the 1920s. The work was originally published in 1930 in two volumes. We reproduce this two volume edition in one volume. A central idea of the work was that if the amount of money being saved exceeds the amount being invested - which can happen if interest rates are too high - then unemployment will rise. This is in part a result of people not wanting to spend too high a proportion of what employers pay out, making it difficult, in aggregate, for employers to make a profit.

Both these volumes, first published in 1931 and 1933, have been enlarged to include later writings of a similar character. The first includes his later Means to Prosperity and How to Pay for War. The second includes his later essays on Malthus, Jevons and Newton as well as his Two Memoirs posthumously published in 1949.

Foundation of Keysian economics, excellent condition, pages yellow from age.

La forma del pamphlet si addiceva a John Maynard Keynes, autore per lo più di interventi brevi e spesso polemici, nei quali combatteva le opinioni prevalenti ed esplorava nuovi punti di vista. Era sostanzialmente un lungo pamphlet Le conseguenze economiche della pace, il libro – destinato a renderlo celebre in tutto il mondo – con cui nel 1919 aveva preso le distanze dalla «follia» del Trattato di Versailles, sostenendo profeticamente che avrebbe provocato una guerra «a confronto della quale sarebbero apparsi trascurabili gli orrori di quella appena finita». E sarebbe stato un lungo pamphlet la stessa Teoria generale dell’occupazione, dell’interesse e della moneta, con cui nel 1936 avrebbe rovesciato le dottrine invalse e trasformato per sempre la teoria economica. Per questo i saggi qui radunati propongono Keynes nella sua forma migliore e più stimolante. Scritti fra il 1919 e il 1946, nascono dall’insofferenza di un uomo di genio per le idee correnti, dalla sua ricerca di vie non ancora battute, e costituiscono insieme lo sfondo culturale e la premessa della rivoluzione che si attuerà con la Teoria generale. Keynes vi affronta le contraddizioni di fondo del capitalismo, che per "funzionare" deve magnificare uno dei grandi vizi dell’uomo, l’auri sacra fames, l’avidità di denaro; riferisce ciò che ha visto nella Russia comunista, di cui analizza con precisione la forza e le debolezze; coglie il tramonto del laissez-faire, ossia il sistema di valori sociali conservatori che ha retto la società dell’Ottocento; guarda a un futuro lontano in cui i nostri nipoti, affrancati dal bisogno economico, potranno finalmente dedicare le loro energie ai piaceri dell’estetica e della cultura; prevede con straordinaria lucidità che in capo a qualche decennio le questioni che divideranno i partiti non saranno tanto quelle economiche, quanto quelle dei diritti civili, della sessualità, dei diritti individuali. Nessun altro, fra i grandi economisti dell’epoca, è rimasto così vivo, nel pensiero e nello stile, come Keynes.

The book has an active table of contents for easy access to each chapter of the following titles: 1. The Economic Consequences of the Peace – John Keynes 2. A Revision of the Treaty – John Keynes John Keyes made essential contributions to classical economics and has been called the most influential classical economist along with Adam Smith, Thomas Malthus, John Stuart Mill, and Karl Marx. The General Theory of Employment, Interest and Money is the most important work by John M. Keynes in economic history. The work is served as a theoretical foundation for the interventionist policies that are popular today. In addition to the theory of Keynesian economics, Keynes’s most important legacy is on the subjects of war and economy. He is usually credited to lay out the theoretical foundation for the United States to form Marshall Plan to response to Soviet ‘Salami Tactics’ after the Second World War. John Keynes after the First World War in the book THE ECONOMIC CONSEQUENCES OF PEACE and A REVISION OF THE TREATY given a powerful discussion about the core economic subjects of war, global political issues, and economic development. A Revision of the Treaty is a sequel to The Economic Consequences of Peace. John Keynes was also one of those rare people who achieved both tremendous investing success and lasting fame. When he died, his estate was worth more than $17 million in today’s dollars. The path of value theory can be traced back to David Ricardo and John Keynes. Ricardo and Keynes pioneered the path of value investing continued by Benjamin Graham, Philip Arthur Fisher, and Warren Buffett. This is a must-read book for people who are also interested in the deepest thoughts and views about war, global politics, and economic development by John Keynes, one of the greatest economic thinkers on the planet.

A partire dal problema del prezzo, un maestro del pensiero economico del Novecento ricostruisce le dinamiche fondamentali del mercato librario.«Un lettore dovrebbe avvicinare un libro con tutti i propri sensi – scrive Keynes –, conoscerli al tatto e apprezzarne l'odore, imparare a prenderli in mano e sfogliarne le pagine. Col tempo, dovrebbe averne toccato molte migliaia, almeno dieci volte quelli che leggerà sul serio...In una libreria il lettore dovrebbe entrare incerto, vago, quasi come in un sogno e permettere a ciò che ci trova di attrarlo liberamente, di influenzarne gli occhi. Camminare tra gli scaffali e i banconi della libreria, pescandovi come impone la curiosità, dovrebbe essere il divertimento di un pomeriggio.»Nelle pagine conclusive, Oliviero Pesce compara il mercato editoriale del tempo di Keynes con quello attuale.

Kernprobleme unserer Was soll der Staat tun? Was muss der Staat tun? Was sollte er besser lassen? Und was vermag die Wirtschaft? John Maynard Keynes zählt zu den bedeutendsten Ökonomen des 20. Jahrhunderts. Bis heute ist der "Keynesianismus" von großem Einfluss auf die Wirtschaftspolitik. Die neoklassische Theorie, dass die Märkte schon alles von sich aus richten würden, griff er scharf Dies sei nicht richtig, sondern nur einfach gedacht und deshalb so erfolgreich. Der Essay gehört "in seiner ganzen Unvollkommenheit", wie Nikolaus Piper in seinem Essay zusammenfasst, "zu den wichtigsten Dokumenten in der Geschichte des ökonomischen Denkens".

En janvier 2017, l’œuvre de J.M. Keynes entre dans le domaine public. C’est pourquoi nous avons décidé d’éditer ce petit texte devenu avec le temps un texte culte du célèbre économiste. C’est en 1930 que J. M. Keynes publie cet essai dans lequel il propose une réflexion prospective et philosophique sur le devenir du capitalisme. Il y défend vertement l’idée de la fin d’une société gouvernée par l’économie (et de la « science » économique), qui aura alors fini de jouer son rôle, ainsi que l’avènement d’une société de l’abondance. Il exhorte ses descendants à ne pas oublier les priorités humaines essentielles. Et les économistes, tout comme les sociologues ou les philosophes, à toujours s’interroger sur l’avenir des générations futures sans sombrer dans le pessimisme ambiant. Un texte toujours très actuel qui démontre la stupéfiante clairvoyance de Keynes…

Published in 1913, this is the first book from the renowned economist, and demonstrates the beginnings of the philosophies of macroeconomics and government intervention into economic matters that would characterize his later work. Here, Keynes discusses... . how changing from a silver to a gold standard impacted the Indian economy . a brief history of the gold standard . some surprising differences between coins and paper currency . governmental policies regarding reserves and cash balances . the strengths and weaknesses of the Indian banking system . and more. British economist JOHN MAYNARD KEYNES (1883-1946) also wrote The Economic Consequences of the Peace (1919), The End of Laissez-Faire (1926), The Means to Prosperity (1933), and General Theory of Employment, Interest and Money (1936). ALSO FROM COSIMO: Keynes's A Treatise on Probability and The Economic Consequences of Peace

Madrid. 18 cm. 240 p. Encuadernación en tapa blanda de editorial ilustrada. Colección 'Los grandes pensadores', numero coleccion(10). John Maynard Keynes. et al. ; traducción del inglés, Antonio Bosch. Índices. Keynesianismo. Escuela clásica de economía. Los grandes pensadores (Sarpe) .. Este libro es de segunda mano y tiene o puede tener marcas y señales de su anterior propietario. 8472915700

The British economist John Maynard Keynes (1883 – 1946), one of the most influential of all time, if not the most, condemned laissez-faire economic policy on several occasions. In this brief book, The End of Laissez-faire (1926), one of the most famous of his critiques, Keynes argues that the doctrines of laissez-faire are dependent to some extent on improper deductive reasoning and says the question of whether a market solution or state intervention is better must be determined on a case-by-case basis, not by a general rule a priori .It was first published by the Hogarth Press in July 1926, based on the Sidney Ball Lecture given by Keynes at Oxford in November 1924 and on a lecture given by him at the University of Berlin in June 1926.

The General Theory of Employment, Interest and Money & Essays In Persuasion written by legendary author John Maynard Keynes are widely considered to be two of the top 100 greatest books of all time. These two great classics will surely attract a whole new generation of readers. For many, The General Theory of Employment, Interest and Money & Essays In Persuasion are required reading for various courses and curriculums. And for others who simply enjoy reading timeless pieces of classic literature, the combination of these two gems by John Maynard Keynes are highly recommended. Published by Classic Books America and beautifully produced, The General Theory of Employment, Interest and Money & Essays In Persuasion would make an ideal gift and this two book combination should be a part of everyone's personal library.

The Royal Society of London planned an event to celebrate the tercentenary of Isaac Newton's birth in1942. However World War II made it essentially impossible and the celebrations did not take place untilJuly 1946. Lectures were given by E N da Costa Andrade, H W Turnbull, Niels Bohr and JacquesHadamard. John Maynard Keynes had also been invited to lecture but unfortunately he died in April1946, three months before the celebrations took place. Keynes was fascinated by Newton's manuscriptsand had been the first person to see some of the manuscript material by Newton which had been keptsecret until his papers were sold in 1936. Keynes' lecture, Newton, the man was delivered at thecelebrations by his brother Geoffrey Keynes. Here is the text of the lecture:-

What would the great economist of the last century, who had lived through two world wars and a great depression say to us today in the 21st century about our current economic situation? One will never know, but we do have the thoughts and writings of John Maynard Keynes. In "The Great Slump of 1930" he wrote about the period of deflation which was the great depression at a time when it had really just started and there were more questions than answers about what was happening. At the time of his writing, Keynes could not have known how events would have turned out and finally overcome. However, he very accurately made an assessment on the seriousness and length of the economic and political problems, being very prescient, even in 1930. He understood that "the fundamental cause of the trouble is the lack of new enterprise due to an unsatisfactory market for capital investment." Keynes goes further and makes an astute observation which could just as easily apply to today's situation as it did in 1930: "Meanwhile, the reluctant attitude of lenders has become matched by a hardly less reluctant attitude on the part of borrowers. For the fall of prices has been disastrous to those who have borrowed, and anyone who has postponed new enterprise has gained by his delay. Moreover, the risks that frighten lenders frighten borrowers too." Much attention in today's situation has been given to the lending side of the equation, but not so much to the borrowing side and the willingness on the part of the borrower to assume risk in today's environment. Keynes rightly brings insight to the situation of his day. His work could bring insight to the policy makers of today as well.

Nove saggi classici del maggior economista del XX scritti negli anni immediatamente precedenti la stesura della sua opera fondamentale la "Teoria generale", nel periodo della Grande Depressione degli anni Trenta, i saggi di Keynes inclusi in questo volume analizzano i problemi del periodo e propongono una politica economica in grado di risolverli. Con uno stile polemico e brillante ma facilmente accessibile, Keynes aggredisce temi come disoccupazione, carenza di investimenti, operazioni speculative internazionali che allora come oggi costituiscono gli elementi di crisi del sistema economico.

Three of Keynes' classic works in a single volume.

1936 saw the initial release of The General Theory of Employment, Interest, and Money. However, its concepts have been developing for years? Keynes had written to a friend while still a student at Cambridge, expressing his love for "free trade and free thought." The freshness, clarity, and occasionally even ambiguity of Keynes' macroeconomic vision, as well as his spare prose, vivid descriptions, and limpid manner, have all contributed to the continued relevance of his views. High unemployment rates and significant wealth and income discrepancies most worried him. He reasoned that individualism, "the most potent instrument to enhance the future," could only be preserved by limiting both. The 21st century may yet confirm his assertion.

The book has an active table of contents for easy access to each chapter. John Keyes made essential contributions to classical economics and has been called the most influential classical economist along with Adam Smith, Thomas Malthus, John Stuart Mill, and Karl Marx. The General Theory of Employment, Interest and Money is the most important work by John M. Keynes in economic history. The work is served as a theoretical foundation for the interventionist policies that are popular today. In addition to the theory of Keynesian economics, Keynes’s most important legacy is on the subjects of investment and mathematics. He is usually credited to lay out the theoretical foundation for President Franklin Delano Roosevelt to form the New Deal Coalition to response to the 1930 depression. John Keynes in the book THE MEANS TO PROSPERITY called for more active roles of governments to fight a recession. John Keynes was also one of those rare people who achieved both tremendous investing success and lasting fame. When he died, his estate was worth more than $17 million in today’s dollars. The path of value theory can be traced back to David Ricardo and John Keynes. Ricardo and Keynes pioneered the path of value investing continued by Benjamin Graham, Philip Arthur Fisher, and Warren Buffett. This is a must-read book for people who are also interested in the deepest thoughts and views about a recession by John Keynes, one of the greatest economic thinkers on the planet.

Longtemps considéré comme le sauveur du capitalisme, auquel il ouvrit une voie médiane entre libéralisme et socialisme, Keynes a été la première victime du retour en force du libéralisme économique dans les années 1980. Mais les perturbations économiques et les contrecoups de la mondialisation nous invitent à le redécouvrir. Qu'il s'agisse de l'analyse du chômage et de la pauvreté - qui ne sont que l'autre face de l'abondance capitaliste -, des moyens proposés pour éviter une récession ou des réflexions sur les dangers d'une interdépendance trop étroite des économies, les quatorze essais réunis dans ce volume révèlent combien Keynes est notre contemporain.