General Theory of Employment, Interest and Money

"The General Theory of Employment, Interest and Money" is Keynes's classic masterpiece. Published in 1936, it caused a sensation in the Western world that was in shock after the great crisis. "The General Theory of Employment, Interest and Money" is a new theory to eliminate unemployment and overcome depression, laying the theoretical foundation of modern Western macroeconomics. In this work, Keynes abandoned his previous Western economic theory on the automatic restoration of the equilibrium mechanism of the capitalist economy, put forward the idea of ​​state regulation of the economy, and believed that without the active intervention of the state, capitalism would perish. It reflects certain actual conditions that were fully exposed during the great economic crisis of the 1930s, such as severe unemployment and a large surplus of capital products. It also proposes countermeasures to alleviate these contradictions and points out a way out of the predicament for the helpless capitalist world at that time. The value created and the far-reaching impact left by the book "The General Theory of Employment, Interest and Money" are inestimable, including on today's China.