The General Theory of Employment, Interest, and Money

De: John Maynard Keynes

Narrado por: Jonathan Keeble

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.

Introduction by Mark G Spencer.(P)2018 Ukemi Productions Ltd

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.

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

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.

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.

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.