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When you talk about Keynes, why not read him (380 pages)?
am 18. Dezember 2008
Today (2008/2009), Keynes' analysis and approach has again become more predominant in economic theory and practise.
The General Theory is the fruit of Keynes' study of the "classics" (for Keynes = anyone preceding him!) and the Great Depression. The theory is one mainly to include depression situations, too. That's why he calls it "General" and "of employment, interest and money".
Keynes focuses on paradoxa and instincts instead of on an artificial Homo Oeconomicus.
He sees the state as helpful to solve in the short-term - "In the long run, we are all dead" -, but neither is he a blind state-follower. Keynes sure is different from Keynesianism, Neokeynesianism, Marxism, Neoliberalism, ... he seems to be quite proud of his nonconformism and turns to sarcastic aphorisms here and there. These also make the book more readable.
On this edition: the 380 pages plus index look like a photographic reprint of the original.
Maths surely helps if you aim for 100%, but you will get the conclusions in all cases. To non-native speakers: Keynes' English is finest British E. There are more systematic writers than Keynes, for sure, though. And there are points that might be outdated, but judge for yourself.
2008/09 seems to illustrate what John Maynard Keynes described already in 1935/36, 73 years ago! The federal bank has no interest tool any longer then, as there cannot be an interest rate even lower than zero.
Hopefully, enough people might re-read this book and/or other good analysis to step beyond the naive, almost religious belief in "Market" etc. that have been blinding too many for too long.
((A personal recommendation to German readers: Abschied vom Homo Oeconomicus: Warum wir eine neue ökonomische Vernunft brauchen: unorthodox synthesis approach to economics by Gunter Dueck. Beyond Keynes, whilst incorporating him.))