The General Theory of Employment, Interest and Money by John Maynard Keynes
This influential economic treatise presents a groundbreaking theory that challenges classical economics, asserting that aggregate demand, driven by public and private sector spending, is the primary factor influencing economic activity and employment levels. The book also introduces the concept of fiscal and monetary policies as tools to manage economic downturns, thus shaping the foundation of modern macroeconomics. It further critiques the idea that market economies would automatically provide full employment and argues for active government intervention to prevent economic recessions and depressions.
The 368th greatest book of all time
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Total Points: 889
Since this book was first published in 1936, there is a penalty of 0%. The age adjusted score is 889.0.
This is to prevent newer books from reaching super high on the ranked list of the greatest books of all time. The greatest books should also stand the test of time.
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