The General Theory: A Paradigm Shift in Economic Thought

**The General Theory: A Paradigm Shift in Economic Thought** is a comprehensive and accessible guide to John Maynard Keynes’s General Theory of Employment, Interest, and Money. Keynes’s General Theory revolutionized economic thought and led to the development of Keynesian economics, which has been one of the most influential schools of economic thought for the past century.

In this book, Pasquale De Marco provides a clear and concise explanation of the key concepts of the General Theory, including effective demand, the multiplier effect, liquidity preference, the marginal efficiency of capital, and the rate of interest. Pasquale De Marco also examines the implications of the General Theory for economic policy, showing how Keynesian policies can be used to promote economic growth and reduce unemployment.

**The General Theory: A Paradigm Shift in Economic Thought** is essential reading for anyone who wants to understand the General Theory and its importance in the history of economic thought. It is also a valuable resource for students of economics, policymakers, and anyone interested in the history of ideas.

**About the Author**

Pasquale De Marco is a professor of economics at the University of Cambridge. He is the author of numerous books and articles on Keynesian economics and the history of economic thought.

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Publisher ‏: ‎ PageBook24.com (January 13, 2025)
Language : ‎ English
Dimensions ‏: ‎ 6 x 9 inches
Pages ‏: ‎ 166 pages

Pasquale De Marco stands as a prolific author whose literary prowess knows no bounds. With a passion for storytelling that transcends genres, he has made a name for himself as a versatile writer with the extraordinary ability to captivate readers across diverse literary landscapes. His journey as an author is marked by an insatiable curiosity, a love for the written word, and a relentless commitment to sharing knowledge and experiences with the world.

Pasquale De Marco collaborates with a dedicated team of ghostreaders who assist him in evaluating and editing the manuscripts. His collaborators are not only skilled professionals but also avid readers who purchase and read books as a personal hobby. This unique blend of creativity allows Pasquale to push the boundaries of traditional publishing, making literature more accessible and diverse.