The Keynesian Revolution by Fred Glahe audiobook

The Keynesian Revolution: Capitalism as a Flawed System, and Ideas for a New Order

By Dr. Fred Glahe and Dr. Frank Vorhies
Edited by Dr. Israel Kirzner and Mike Hassell
Read by Louis Rukeyser

Knowledge Products

The Great Economic Thinkers Series

Unabridged

Format: Library CD (In Stock)
  • ISBN: 9781433200182

  • ISBN: 9780786169467

Runtime: 2.43 Hours
Category: Nonfiction
Audience: Adult
Language: English

Summary

Summary

John Maynard Keynes (1883–1946) was without question the most influential economist of the twentieth century. His most important work, The General Theory of Employment, Interest, and Money, was published in 1936, and it was widely perceived as offering plausible explanations and solutions for the Great Depression.

Keynes suggested that capitalism is vulnerable to instability caused by insufficient consumer demand. He emphasized the reluctance of workers to accept reductions in nominal wages, preventing free market adjustments to unemployment. Based on these and other perceived defects in the capitalist system, Keynes suggested government intervention in the economy, and modern politicians have accepted and applied Keynesian ideas with great enthusiasm.

The Great Economic Thinkers Series is a collection of presentations that explain in understandable language the major ideas of history's most important economists. Special emphasis is placed on each thinker's attitude toward capitalism, revealing their influence in today's debate on economic progress and prosperity.

Reviews

Reviews

Author

Author Bio: Dr. Fred Glahe

Author Bio: Dr. Fred Glahe

Titles by Author

Author Bio: Dr. Frank Vorhies

Author Bio: Dr. Frank Vorhies

Titles by Author

Details

Details

Available Formats : CD, Library CD
Category: Nonfiction
Runtime: 2.43
Audience: Adult
Language: English