The General Theory of Employment, Interest, and Money
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Narrated by:
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Jonathan Keeble
About this listen
Keynes’ The General Theory of Employment, Interest, and Money remains, approaching a century after it first appeared, one of the most important documents on economics, along with Adam Smith’s The Wealth of Nations and Karl Marx’s Capital.
Hugely important for much of the 20th century, the General Theory was seemingly overtaken by monetarists but won a new, enduring respect among a new generation of economists and politicians following the financial difficulties which began in 2007-8.
John Maynard Keynes (1883-1946) promoted a middle way between the Marxist approach of total governmental control and those committed to, essentially, allowing markets to operate largely free of restraints. He saw the need for central intervention, especially at times of crisis, but always acknowledged the importance and the contribution of individual enterprise within a free market system.
First published in 1936, Keynes’ ideas had evolved during the difficulties following World War I in Europe, and the US crash and the Depression of the 1920s-'30s and the misery of mass unemployment. He deplored the situation where a few individuals or companies stored massive wealth while vast numbers experienced poverty and insecurity (his alarm bells ring today!) and sought to promote initiatives where governments could intervene with social projects to keep money fluctuating.
The General Theory is a stimulating and challenging work. Keynes presents his case with minimum jargon and admirable clarity. He does use formulae to support and clarify his case, and in some cases these have been included in the narrative in a manner which can be absorbed. In the few more complicated cases, the formulae are available on pdfs which can be downloaded with this recording.
Introduction by Mark G Spencer.
Download the accompanying reference guide.Public Domain (P)2018 Ukemi Productions LtdListeners also enjoyed...
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From ancient currency to Adam Smith, from the gold standard to shadow banking and the Great Recession: a sweeping historical epic that traces the development and evolution of one of humankind’s greatest inventions.
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Difficult to imagine how it could be worse
- By J. M. Batista on 09-19-17
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Blood and Money
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In most accounts of the origins of money, we are offered pleasant tales in which it arises to the mutual benefit of all parties as a result of barter. In this groundbreaking study David McNally reveals the true story of money's origins and development as one of violence and human bondage. Money's emergence and its transformation are shown to be intimately connected to the buying and selling of slaves and the waging of war.
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Blood Money
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The Victory of Reason
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In The Victory of Reason, Rodney Stark advances a revolutionary, controversial, and long overdue idea: that Christianity and its related institutions are, in fact, directly responsible for the most significant intellectual, political, scientific, and economic breakthroughs of the past millennium. In Stark's view, what has propelled the West is not the tension between secular and non-secular society, nor the pitting of science and the humanities against religious belief. Christian theology, Stark asserts, is the very font of reason.
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Absolutely incredible history book!
- By Daniel on 01-02-20
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The Economics of Inequality
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Succinct, accessible, and authoritative, Thomas Piketty’s The Economics of Inequality is the ideal place to start for those who want to understand the fundamental issues at the heart of one the most pressing concerns in contemporary economics and politics. This work now appears in English for the first time.
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A Survey of the Economics of Inequality
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The Ascent of Money
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Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. Niall Ferguson shows that finance is in fact the foundation of human progress.
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A mostly successful and interesting history
- By A reader on 02-24-09
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Radical Markets
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Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.
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Terrible Reader ruins this book
- By Brian W. Veit on 10-30-18
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Adam Smith
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A dazzlingly original account of the life and thought of Adam Smith, the greatest economist of all time. In Adam Smith, political philosopher Jesse Norman dispels the myths and caricatures, and provides a far more complex portrait of the man. Offering a highly engaging account of Smith's life and times, Norman explores his work as a whole and traces his influence over two centuries to the present day. Finally, he shows how a proper understanding of Smith can help us address the problems of modern capitalism.
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Most excellent book!
- By Harish G. Naik on 03-02-19
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Defending the Undefendable
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Professor Block's book is among the most famous of the great defenses of victimless crimes and controversial economic practices, from profiteering and gouging to bribery and blackmail. However, beneath the surface, this book is also an outstanding work of microeconomic theory that explains the workings of economic forces in everyday events and affairs.
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Stretching My Mind
- By Johnny Noob on 12-14-11
By: Walter Block
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Audio Books should be the completion of mediums
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the narrator has the microphone in his mouth
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A great way to read along
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What listeners say about The General Theory of Employment, Interest, and Money
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Jason
- 05-23-19
Very dry reading
very dry reading. Use of charts and equations does not work well for this audio book. I have read several books on economics and have to say this one is difficult to understand because the author is trying to invent a different school of economics and he is hypothesizing his theory. I understand that the theory laid out here is very popular with those who run our economy and I am not quite sure if that is good or bad. I can't help feel the theory he lays out here is manipulative and wrong, yet it does seem to work as implemented... until of course it doesn't.
Would take reading several times to fully understand, but probably not worth the effort unless you are an economist.
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- Amazon Customer
- 08-14-20
Masterpiece
Pros: Excellent narrator. Very informative, especially regarding human behavior in investing. In that sense it’s just as useful today, human behavior remains the same.
Cons: The material is a bit too dense and technical for audiobook format
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2 people found this helpful
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- Mira Krishnan
- 06-13-19
Keynes in the car...
I think it would be beneath Keynes for me to really critique him. He is worth listening to on both sides - much like Hayek and Smith, in modern discourse I find him significantly misunderstood and caricaturized all too frequently both to advance and to reject policies for which he, himself, appeared to have, respectively, little favor for or little criticism for. The narration is good, but it could use more post-processing so that the volume level were more even and it were more easily listened to in cars, trains, or other noisier environments, since a major benefit of the audiobook is being able to listen to use this kind of time for learning and reflection.
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6 people found this helpful
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- Amer
- 08-12-20
A classic, but an easy to listen
I have to admit I struggled to finish it. If it were not a classic I would stop after one hour max.
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- AdamC
- 10-02-23
Interesting but needs paper copy
I love economics, have an MBA and work in a very large bank. Having said that this audio version of the book is not “friendly” for comprehension of the material. I expect I will but a paper copy soon but do not recommend this for purchase on audio unless you have a PHD in Econ or already have a paper copy. That is if you want to fully understand the concepts.
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- Luis
- 10-11-18
Informative and easy to understand
Written very well and speaker was easy on the ears. this book is a good look into economics.
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2 people found this helpful
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- RI Coppin
- 08-07-22
Wealth of information. May not be the best format
This isn't an easy audiobook. To really get anything out of this work you'll have to listen to this multiple times.
The mathematics of the formulas are mostly quite simple, but it's difficult to follow when the author & narrator just refer to the variable names.
I think this would've been better if the narrator referred to the things the variables represented rather than just the variable names. In a textbook you can easily outage back to see what the variable represents. That is not easy to do in an audiobook.
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- James Lawless
- 05-15-20
From the source
Stop listening to the TV talking heads that tell you what Keynes said. listen to his own words and form your own opinion.
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4 people found this helpful
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- Thulani
- 12-18-19
Great book
Great book. Really enjoyed it. Well narrated by Jonathan Keeble. I highly recommend it to people interested in Keynes.
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- Will Szal
- 04-14-19
Slow Going
Generally, it seems that Keynes is a left-leaning economist—contrasted with Hayek. But in reading this book, Keynes doesn't make any appeal to ethics. This book is an investigation into the relationship between savings, investment, and capital. Although you could say that, if you follow through with some of Keynes' suggestions, you get pro-social outcomes, this doesn't make him pro-social. Apparently he was actually a very active investor, and quite a wealthy man.
Keynes was a proponent of increasing consumption—a prescription that no longer makes sense in our peak-everything world. This also applies to the wealthy, as, if wealthy people don't spend their money, wealth inequality just gets worse and worse.
This book is slow going. In the introduction, he states that his primary audience is economists, so maybe this was to be expected.
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