JOHN MAYNARD KEYNES

This book explains the influences, in terms of persons and events, that led Keynes to overthrow the classical theory of economics and replace it with his own revolutionary general theory. This work explains: how Keynes' revolutionary theory differs from the 'conventional wisdom' of orthodox mainstream theory; the role of financial markets in providing liquidity in a world with an uncertain future; and, why and how Keynes' theory leads to different policy prescriptions for the major economic problems of the twenty-first century. This book looks at the life of Keynes leading up to the writing of his seminal General Theory, examines the General Theory in detail and explores how it differs from classical theory. The impact of Keynes' work on the economy postwar and up to the present day is also assessed.