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Analysis: A Macat Analysis of John Maynard Keynes's The General Theory of Employment, Interest and Money
- Narrated by: Macat.com
- Length: 1 hr and 48 mins
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More than 200 years after Adam Smith published The Wealth of Nations, governments around the world continue to address many of the issues discussed in the book. The most powerful states in the world are still committed to international trade, but questions are repeatedly asked about the role of governments in the economy and the effectiveness of the free market.
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Geneva-born thinker Jean-Jacques Rousseau's famous work of political philosophy from 1762 is based on a give-and-take theory of the relation between individual freedom and social order: the social contract that gives the work its name. Rousseau thinks about the issue by starting with what is known as the state of nature, a lawless condition where people are free to do what they like, governed only by their own instinctive sense of justice. People are free, but they are also vulnerable to chaos.
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Kenneth Waltz's Theory of International Politics created a "scientific revolution" in international relations, starting two major debates. In the 1980s it defined the controversy between the neorealists, who believed that competition between states was inevitable, and the neoliberals, who believed that states could cooperate with each other. As the debate wound down with the end of the Cold War in the 1990s, a second more fundamental debate began.
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Austrian-born economist Friedrich Hayek's 1944 work, The Road to Serfdom, analyzes the ways in which excessive government planning can erode democracy. Published while World War II still raged, the work draws influential parallels between the totalitarianism of both socialism and Nazism and increasing control exerted by Western democracies.
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Why do we want to justify our decisions, even if they appear to be irrational? The answer lies in cognitive dissonance, the mental discomfort we experience when we hold two contradictory beliefs at the same time. In A Theory of Cognitive Dissonance, first published in 1957, American social psychologist Leon Festinger investigates the problem. Festinger puts forward the idea that we have developed mechanisms to try to deal with the stress brought on by cognitive dissonance.
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Nice analysis
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In his 1807 work Phenomenology of Spirit, G. W. F. Hegel introduced the world to his philosophical system. His most influential work - and the culmination of the German Idealist movement begun in the late 18th century as a response to the works of Immanuel Kant - the book remains one of the undisputed classics of Western thought.
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William worked on The Principles of Psychology throughout the 1880s, while teaching psychology and philosophy at Harvard University. He drew together various styles of science to create a unified whole, and to establish psychology as a valid discipline. Not only did he achieve this, but he also created concepts - such as thought being a "stream of consciousness" - that have found their way into both the arts, and popular conversation.
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Issues of human rights and freedoms always inflame passions, and John Rawls's A Theory of Justice will do the same. Published in 1971, it links the idea of social justice to a basic sense of fairness that recognizes human rights and freedoms. Controversially, though, it also accepts differences in the distribution of goods and services - as long as they benefit the worst off in society.
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Buy the original, NOT THIS
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More than two centuries after its initial publication in 1781, Immanuel Kant's Critique of Pure Reason remains perhaps the most influential text in modern philosophy. Kant himself claimed his work as a revolutionary document and insisted that it changed the discipline of philosophy as thoroughly as Copernicus had changed astronomy 300 years earlier, when he said the Earth revolved around the sun and not the other way round.
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First published in 1651, Leviathan drove important discussions about where kings get their authority to rule and what those kings must, in turn, do for their people. This is known as the "social contract". Thomas Hobbes wrote the book while exiled from his native England following the English Civil War that unseated King Charles I. In the face of England's radical - if temporary - rejection of its monarchy, Hobbes wanted to explain why it was important to have a strong central government, which in his time meant having a sovereign at its head.
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In her 1958 work, political theorist Hannah Arendt asks two fundamental questions: "Under what conditions do politics emerge?" and "Under what conditions can politics be eliminated?" In searching for answers she turns some long-established thinking on its head. Ancient political philosophers such as Plato and Aristotle believed that a life spent thinking was more important than an active life of labor, work, and action. But Arendt argues that political action is every bit as important as political thinking.
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a topical winner
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Publisher's summary
Classical economics suggests that market economies are self-correcting in times of recession or depression and tend toward full employment and output. But English economist John Maynard Keynes disagreed.
In his groundbreaking 1936 book The General Theory of Employment, Interest and Money, Keynes argued that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believed market economies are by nature unstable and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes set out to revolutionize the way the world thinks about and understands economics - and in this he succeeded.
In the latter half of the 20th century, Keynesian economics became mainstream policy for most Western governments. Although his ideas fell out of fashion, the global market turmoil in the opening decade of the 21st century once again saw interventionist government fiscal and monetary policy based on Keynesian thinking.
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What listeners say about Analysis: A Macat Analysis of John Maynard Keynes's 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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- Jose
- 05-14-17
awesome
it is a good book and i will help people have a better understanding of how economics system work. thanks to audible for the opportunity 🖒
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- Amazon Customer
- 02-28-18
No substance. Repetitive.
Keynes Wikipedia page has more info. This "audiobook" repeated the same handful of facts over and over without explaining Keynes work in the slightest. Disappointing.
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- Tatsuno
- 05-17-18
almost no information.
Each chapter felt like it was written by different person as much of the information was repeated from chapter to chapter. And none of the information presented gave me any insight on John Maynard Keynes's book. Let me save you some time and give you all the information that is in this book.
economic philosophy was dominated by the classical economic ideas presented by Adam Smith. then the Great Depression happened which classical economics said should be impossible. John Maynard Keynes wrote a book about it. some people hated it some people liked it. the end.
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3 people found this helpful
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- Luis Ros
- 09-01-20
No substance misleading
No substance misleading title more like a short and bad summary of Kaynes great book
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