The Collected Writings of John Maynard Keynes

JOHN MAYNARD KEYNES (1883-1946) was a British economist best known for his theories of Keynesian economics on protracted unemployment. He also wrote General Theory of Employment, Interest and Money (1936), The Economic Consequences of the Peace (1919), and The End of Laissez-Faire (1926).

The most provocative book written by any economist of Keynes's generation, propounding a fundamentally new approach that revolutionised economics.

Part I. Introduction: 1. The general theory; 2. The postulates of the classical economics; 3. The principle of effective demand; Part II. Definitions and Ideas: 4. The choice of units; 5. Expectation as determining output and employment; 6. The definition of income, saving and investment; 7. The meaning of saving and investment further considered; Part III. The Propensity to Consume: 8. The propensity to consume - i. The objective factors; 9. The propensity to consume - ii. The subjective factors; 10. The marginal propensity to consume and the multiplier; Part IV. The Inducement to Invest: 11. The marginal efficiency of capital; 12. The state of long-term expectation; 13. The general theory of the rate of interest; 14. The classical theory of the rate of interest; 15. The psychological and business incentives to liquidity; 16. Sundry observations on the nature of capital; 17. The essential properties of interest and money; 18. The general theory of employment re-stated; Part V. Money-wages and Prices: 19. Changes in money-wages; 20. The employment function; 21. The theory of prices; Part VI. Short Notes Suggested by the General Theory: 22. Notes on the trade cycle; 23. Notes on mercantilism, the usury laws, stamped money and theories of under-consumption; 24. Concluding notes on the social philosophy towards which the general theory might lead.