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In 1936 The General Theory of Employment, Interest, and Money John M. Keynes published the book which reflected a new view he had advocated during the "Great Depression." His thesis is that Markets could get stuck in adverse positions and that governments could exert force to remedy the problem.

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  • Old Keynesians
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  • In 1936 The General Theory of Employment, Interest, and Money John M. Keynes published the book which reflected a new view he had advocated during the "Great Depression." His thesis is that Markets could get stuck in adverse positions and that governments could exert force to remedy the problem.
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  • In 1936 The General Theory of Employment, Interest, and Money John M. Keynes published the book which reflected a new view he had advocated during the "Great Depression." His thesis is that Markets could get stuck in adverse positions and that governments could exert force to remedy the problem. * Famous Quote: The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again. - John Maynard Keynes, A Tract on Monetary Reform (1923) Ch. 3
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