User Review - Flag as inappropriateI think most of these reviews are Ron Paul supporters that dont really understand monetary theory AT ALL. No problem with that however, other than they project their own new version of what Adam Smith said. If they understood Adam Smith and John Maynard Keynes, they would realize that they espouse economic theories, not ideologies on the role of government.
Keynes doesnt disagree with at all Adam Smith; he expands on Adam Smiths theories (which were a good 100 years prior). Keynes and Smith are both capitalists and agree on basic tenants of capitalism, that a free market is an efficient means of allocating resources.
John Maynard Keynes, just as other economist such as Milton Friedman who espouse supply-side intervention, is prescribing solutions to anomalies in the free market in this landmark book. Keynes addresses how to repair or refocus a free market that veers off it's course (sound similar?).
Adam Smith, being a pioneer of economic philosophy, wasn't considering anomalies in free markets; he was defining free markets. Subsequent capitalist philosophers such as Keynes and Friedman expounded on the details and caveats of Smiths theories.
What Adam Smith actually advised was that the wrong interventions in a commercial market by government should be, first, reversed and secondly those wrong interventions should be avoided, and other interventions of governments should be encouraged. This is not the same thing as being against government intervention as a whole. He wasnt of the opinion ascribed to him by modern economists since the 18th century. In fact, Adam Smith advised that certain interventions, not in his time undertaken with much consistency by government, should be undertaken as soon as possible.
By understanding Adam Smith, people can understand Keynes and his theories. Keynes is just Adam Smith with 100 years of additional financial innovation to work from. Not to mention Adam Smith was around during feudalism, John Keynes during the industrial revolution.
Review: The General Theory of Employment, Interest, and Money
User Review - Bill Zhou - GoodreadsIt's hard to read, but you'll benefit a lot from Sir. John Maynard Keynes's wisdom. Read full review
Review: The General Theory of Employment, Interest, and Money
User Review - Luke Echo - GoodreadsPretty heavy stuff. Read full review
Review: The General Theory of Employment, Interest, and Money
User Review - Avi - GoodreadsEveryone, student of economics or not (but especially students of economics), must read this book. Read full review
Review: The General Theory of Employment, Interest, and Money
User Review - Scot - GoodreadsI dunno, how do you rate a book like this one? It's a totally boring, extremely useful presentation of a theory that has had and is having a tremendous impact on all of us. Read full review
Review: The General Theory of Employment, Interest, and Money
User Review - Usman W. Chohan - GoodreadsThe best chapter is the set of Concluding Notes on the Social Philosophy Towards which the General Theory might lead [Ch. 24] Memorable quote from ch. 24: "Dangerous human proclivities can be ... Read full review
Review: The General Theory of Employment, Interest, and Money
User Review - GoodreadsI prefer primary sources with topics like this, but you would need to study some basic economics first before you could make sense of most of this. Would love a recommendation on understanding macro economics for someone a bit more of a layperson.
Review: The General Theory of Employment, Interest, and Money
User Review - Daniel Jacobs - Goodreadssaves marginalism from itself Read full review
Review: The General Theory of Employment, Interest, and Money
User Review - Akshay - GoodreadsRevolutionary new theory which overturned prior thoughts that economy would operate at max efficiency on its own and that cutting wages was only way to increase unemployment Economies suffer from lack ... Read full review
Review: The General Theory of Employment, Interest, and Money
User Review - Chris - GoodreadsIf you want to better understand the economic world around you, give this a read. Read full review