 THE MEANING OF THE TERM “GENERAL†CONTAINED IN THE MAXIMUM WORK OF JOHN MAYNARD KEYNES: A THEORETICAL APPROACHAndré Cutrim Carvalho () and
David Ferreira Carvalho ()
Revista de Economia Mackenzie (REM), 2021, vol. 18, issue 1, 12-35 Abstract: This article aims to discuss the meanings of the term “general†used by John Maynard Keynes in his Magnum opus, entitled: The General Theory of Employment, Interest and Money, also known as “General Theory†(TG). The diversity of the concepts used in the exhibition, and the new method of approaching real life problems in the economic sphere, made TG a complex and controversial work, but very important. It is necessary to understand that Keynes’ object of study is what he called the monetary economy of production, a kind of code name for capitalist mode of production. The main conclusion demonstrates, through necessary reflection, that, despite the difficulties and criticisms, TG has the necessary theoretical elements to understand the phenomena of unemployment, inflation and the economic cycle and, even, of state intervention aiming, precisely, to minimize the serious problems of capitalism: unemployment, inflation, poor income distribution and socioeconomic inequality. Keywords: General theory; monetary economy of production; unemployment; state intervention; socioeconomic inequality. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:18:1:2021:jan:jun:p:12-35 Access Statistics for this article More articles in Revista de Economia Mackenzie (REM) from Mackenzie Presbyterian University, Social and Applied Sciences Center Contact information at EDIRC. |
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