The General Theory of Employment, Interest and Money by renowned economist John Maynard Keynes is a powerful academic work. No easy read and in parts a real struggle. But if you have the time and patience and wish to dig deep into the history of the devastating income inequality that is crippling America today you will find Keynes rewarding you with some answers. His concerns and predictions of unbridled capitalism formed before, during and after the Great Depression hit the target’s bullseye. Keynes’ forward thinking correctly predicted that run-away Laissez-faire capitalism, without enlightened government intervention, would create unsustainable income inequality. Many of the 21st Century’s leading economists believe we have arrived at that juncture.
The subject of income in-equality is deeply rooted in America’s social structure. It will become even more so as the nation deals with racial injustice, poverty, health care, housing and global warming. The beauty of The General Theory is that it treats the subject absent of polemics.
Appropriately, The General Theory is one of Prometheus Books Great Minds Series.
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Zachary Carter’s THE PRICE OF PEACE, MONEY, DEMOCRACY AND THE LIFE OF JOHN MAYNARD KEYNES Is a timely biography of the world’s most famous economist. The Keynesian economic philosophy, so prominent in the 20th Century, strikes a relevant chord in today’s economic disarray. The book strikes at the heart of income inequality, an inegalitarian society, racism, and the damage to American by the economic control of nearly all wealth the top ten percent.
THE PRICE OF PEACE tracks the life of Keynes and the Keynes philosophy from the lead up to WWI through the Great Depression, the New Deal and WWII. Carter makes every word in every paragraph count. The book is for those seeking a serious look at Keynes’ brilliant insights and yes, not always popular solutions. Current events in America suggest that ” Keynesian Economics” has stood the test of time and may be more relevant that ever.” If you believe that systemic change is needed in the polemic and the economic structure in the United States, you will find support and comfort on these pages. i
“Keynesianism in this purest, simplest form is not so much a school of economic thought as a spirit of radical optimism, unjustified by most of human history and extremely difficult to conjure up, preciously when it is most needed.
Put the work into this book. You will be richly rewarded.