The General Theory of Employment, Interest and Money by John Maynard Keynes

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The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936 it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital and liquidity preference.

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The 21st greatest nonfiction book of all time

This book is on the following lists:

  1. - 10th on The Modern Library | 100 Best Nonfiction (The Modern Library)
  2. - 43rd on The 100 Best Non-Fiction Books of the Century (National Review)
  3. - The 100 Most Influential Books Ever Written (Martin Seymour-Smith)
  4. - Books That Changed the World: The 50 Most Influential Books in Human History (Book)
  5. - The 100 Best Books in the World ( (in German))
  6. - 100 Most Influential Books of the Century (Boston Public Library)
  7. - Great Books of the Western World (Great Books Foundation)

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