The general theory of employment, interest, and money
xii, 403 pages ; 21 cm
9780156347112, 0156347113
1332845
Book I. Introduction. The general theory ; The postulates of the classical economics ; The principle of effective demand
Book II. Definitions and ideas. The choice of units ; Expectation as determining output and employment ; The definition of income, saving and investment ; Appendix on user cost ; The meaning of saving and investment, further considered
Book III. The propensity to consume. The propensity to consume I : the objective factors ; The propensity to consume II : the subjective factors ; The marginal propensity to consume and the multiplier
Book IV. The inducement to invest. The marginal efficiency of capital ; The state of long-term expectation ; The general theory of the rate of interest ; The classical theory of the rate of interest ; Appendix on the rate of interest in Marshall's Principles of economics, Ricardo's Principles of political economy and elsewhere ; The psychological and business incentives to liquidity ; Sundry observations on the nature of capital ; The essential properties of interest and money ; The general theory of employment re-stated
Book V. Money-wages and prices. Changes in money-wages ; Appendix on Prof. Pigou's Theory of unemployment ; The employment function ; The theory of prices
Book VI. Short notes suggested by the general theory. Notes on the trade cycle ; Notes on mercantilism, the usury laws, stamped money and theories of under-consumption ; Concluding notes on the social philosophy towards which the general theory might lead