"The General Theory refuted the notion that labor markets determined employment, and so the idea that unemployment could be remedied by wage cuts. It begins by pointing out that workers do not bargain for their real wages, and continues with an attack on the concept of a supply curve of labor in real-wage terms. Therefore employment must be explained by a theory of demand for output as a whole, with two key elements: a theory of consumption spending, based on psychological propensities to consume from income, from which multiplier effects can be derived; and a theory of business investment, based on the state of long-term expectations and the cost of capital resources. To this one adds the ability of modern governments to spend directly on their own account and one has the key elements of Keynes's economics. A 1937 summing-up emphasized the role of unquantified uncertainty, and in 1940 Keynes returned to policy-making with a pamphlet on inflation, How to Pay for the War."
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James K. Galbraith, "Keynes, John Maynard (1883–1946)", in Coole, Diana H.; Gibbons, Michael; Ellis, Elisabeth et al., The encyclopedia of political thought (2014)
https://en.wikiquote.org/wiki/The_General_Theory_of_Employment%2C_Interest_and_Money
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The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought – especially in relation to the proposition that a market economy tends naturally to restore itself
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