The Economics of John Maynard Keynes: The Theory of a Monetary Economy

aggregate demand aggregate supply amount of investment bank billion business cycle capital assets cash cent changes Chapter classical economics classical theory cost crease depression Economic Journal economic system economists effective demand efficiency of capital employ entrepreneurs equal expectations fall finance fluctuations full employment gold standard Harcourt important individual inducement to invest industry inflation Interest and Money interest rates J. M. Keynes Keynes labor laissez-faire less level of employment level of income liquidity preference loans long-term lower marginal efficiency marginal propensity means ment money wages national income nomic output ployment private investment production profit propensity to consume prospective yields public investment quantity of money rate of interest reduce result rise saving schedule social speculative motive spending store of value sumption supply price taxes tend Theory of Employment theory of interest tion trade unem unemployed volume of investment wage cuts wage rates wealth workers York