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Title    Author    Year    Contributors
General Theory of Employment, Interest and Money

General Theory of Employment, Interest and Money

Author: John Maynard Keynes

Year Published: 1936

Description: This seminal work by English economist John Maynard Keynes laid the foundation for modern macroeconomics by positing that fluctuations in employment are the results of spending, not the cost of labor, and that a normally functioning market-driven economy will organically equilibrate to full employment.  Rather, Keynes argued, unemployment may be the natural state without government intervention.  These theories had a massive impact on economists and economic policy going forward, so much that some refer to the resulting paradigm shift as the 'Keynesian Revolution.'

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'It may well be that the classical theory represents the way in which we should like our Economy to behave. But to assume that it actually does so is to assume our difficulties away.'

General Theory of Employment, Interest and Money

What does this book have to do with the U.S. Department of Labor?

The Department of Labor touches almost every aspect of working in America, including:



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