Day: November 25, 2019

Keynes’ General Greatness from Chapter 12

In 1936, John Maynard Keynes penned his work The General Theory of Employment, Interest and Money. Most of the work was trying to strike against the consensus of economics. Many in the intellectual communities of the west believed in the classical theory of economics. We will describe it briefly by saying that these economists believed that humans function much like an algebraic response to prices or stimuli. Keynes struck out against this notion in his work, allowing thoughts of entrepreneurship, experience and some of the unexplainable human responses to rebut this linear view of human behaviors in economics.

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