Keynes and After

In 1936 John Maynard Keynes published The General Theory of Employment, Interest and Money, widely acknowledged to be one of the most important books ever written.

Why was it so important? What did it say? How did it change things? Was Keynes’s analysis applicable only to the mass unemployment of the 1930s, or is it also relevant to contemporary economic problems? Can Western governments really maintain full employment? Does full employment mean continuously rising prices and perpetual difficulties over the balance of payments? How does economic growth fit into the picture?

These are the issues discussed by Michael Stewart in this new and completely revised edition of his highly successful Pelican book.