The general theory of employment

The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes' argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned.

Highly provocative at its time of publication (1936), this book and Keynes' theories continue to remain the subject of much support and praise, criticism and debate.