
Keynes and Macroeconomics
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In 1936 John Maynard Keynes published a book that he believed would revolutionise the way the world thinks about economic problems: The General Theory of Employment, Interest, and Money. Although the book became the foundation of a particular approach to economic theorising - later termed macroeconomics, in contrast to the microeconomics of the Neoclassical school, which had just begun to dominate...
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In 1936 John Maynard Keynes published a book that he believed would revolutionise the way the world thinks about economic problems: The General Theory of Employment, Interest, and Money. Although the book became the foundation of a particular approach to economic theorising - later termed macroeconomics, in contrast to the microeconomics of the Neoclassical school, which had just begun to dominate...
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