In the light of subsequent history, Essays of Persuasion is a remarkably prophetic volume covering a wide range of issues in political economy. In articles on the Versailles Treaty, John Maynard Keynes foresaw all too clearly that excessive Allied demands for reparations and indemnities would lead to the economic collapse of Germany. In Keynes' essays on inflation and deflation, the reader can find ideas that were to become the foundations of his most renowned treatise, "The Gener...

One of the most influential economists of the 20th century, his ideas are the basis for the school of thought known as Keynesian economic.John Maynard Keynes was an English economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.He built on and greatly refined earlier work on the causes of business cycles.He detailed these ideas in his magnum opus, The General Theory of Employment, Interest and Mon...

The General Theory of Employment, Interest and Money is Keynes' masterpiece published right after the Great Depression. It sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially challenging the proposition that a market economy tends naturally to restore itself to full employment on its own. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introdu...

The writer of this book was temporarily attached to the British Treasury during the war and was their official representative at the Paris Peace Conference up to June 7, 1919; he also sat as deputy for the Chancellor of the Exchequer on the Supreme Economic Council. He resigned from these positions when it became evident that hope could no longer be entertained of substantial modification in the draft Terms of Peace.

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses.The founding of modern Western economics generally credited to t...

We leave Saving to the private investor, and we encourage him to place his savings mainly in titles to money. We leave the responsibility for setting Production in motion to the business man, who is mainly influenced by the profits which he expects to accrue to himself in terms of money. Those who are not in favour of drastic changes in the existing organisation of society believe that these arrangements, being in accord with human nature, have great advantages. But they cannot work proper...

In 1919, Keynes participated in the negotiations of World War I's armistice. He strongly disagreed with terms of reparation imposed on Germany, arguing in this controversial book that German impoverishment would threaten all of Europe. This prophetic view of the European marketplace in the early 20th century represents a much-studied landmark of economic theory.

The General Theory challenged the prevailing economic theory of the time, which held that the economy would naturally tend towards full employment. Keynes argued that the economy could be stuck in a state of underemployment, and that government intervention was necessary to stimulate aggregate demand and create jobs.Keynes's theory was based on the idea that the level of employment is determined by the level of aggregate demand, which is the total amount of spending in the economy. He argu...

Essays In Persuasion, which was first published in 1931, was author John Maynard Keynes' first volume of collected essays. In it he gathered together various writings on public affairs from 1919-1931, including some extracts from his published books. The essays taken as a whole embody forecasts and recommendations made by the author on a variety of subjects which can now be checked by the course of events.Essays In Persuasion is divided into five sections which deal respectively wit...

John Maynard Keynes, in "The Great Slump of 1930", wrote about the period of deflation which was the great depression at a time when it had really just started and there were more questions than answers about what was happening.At the time of his writing, Keynes could not have known how events would have turned out and finally overcome. However, he very accurately made an assessment on the seriousness and length of the economic and political problems, being very prescient, even in ...

The Economic Consequences of the Peace was written and published by John Maynard Keynes. After World War I, Keynes attended the Versailles Conference as a delegate of the British Treasury and argued for a much more generous peace. It was a best seller throughout the world and was critical in establishing a general opinion that the Versailles Treaty was a "Carthaginian peace." It helped to consolidate American public opinion against the treaty and involvement in the League of Nations. The p...

What's It Like To Be Old? offers an anatomy of aging, beginning with the question, what is it like to be old. Individual poems explore a panoply of senior persons and psychologies. Succeeding poems then consider the ways in which older people experience the achievements or failures of aging life. The limits nature places on aging is the subject of the next poems. Ending in a section titled Ripeness, the sequence explores the pains and consolations of accepting old age and death. In this br...