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Most Helpful Customer Reviews
4 of 4 people found the following review helpful:
5.0 out of 5 stars
"We are all Keynesians now",
By
This review is from: The General Theory of Employment, Interest and Money (Collected Works of Keynes) (Paperback)
"We are all Keynesians now". Too true. The best thing about K was not being a socialist (he was not much to the chagrin and misrepresentation of the American right) but that he demonstrated it was possible to have an economist and a heart share the same body. He was a thinking man, prepared to alter his stance "when the facts change". In this book K traces his journey from the "right" path to the "dark" side. The book's core message is that a modern economy is built on demand and if that collapses, depression ensues except the government intervenes. K agrees with the classical school that the economy would adjust in time. His disagreement is the time frame. In the long-run the economy will adjust but as K famously said "in the long run we are all dead".
I read a blog somewhere that the long-run is a technical term and could be very rapid and surely K knew that. Uh-huh. I lived in an underdeveloped country where demand collapsed and the adjustment went on for two decades. In the 1930s US depression only WWII and the subsequent reconstruction a decade plus later brought final adjustment. Here in Europe we know social unrest is not restricted to the Middle East and North Africa. When demand collapses you bet we'll all be Keynesians. As to criticisms that the book is difficult to read, remember it was written for economists trained in classical dogma.
38 of 43 people found the following review helpful:
1.0 out of 5 stars
An edition riddled with errors,
By Gareth Greenwood "morgol" (Wales, UK) - See all my reviews
This review is from: The General Theory of Employment, Interest and Money (Paperback)
This is a review not of what Keynes wrote but of the BN publishing reprint edition.
I appreciate that reprint publishers try to keep costs down but that is no excuse for cutting corners. Dover Publications sets the standard here and other publishers who can't perform to that standard are, sadly, becoming more common and ever more slapdash in their efforts. Defects in this BN publishing edition include swathes of typographical errors, grammatical errors and malapropisms. Worse, and especially in the General Theory, where Keynes sought to minimise the use of mathematics in his exposition, what few formulae there are have obviously been typeset by someone who simply hasn't a clue what printed mathematics should look like. It leaves the impression of having re-typed from copy using an ordinary word processor by a none-too-literate typist. If you want a better edition of the General Theory, you might do better to fork out a little more and get the edition in the Great Minds series. IMO this BN edition is fit only to be shredded and used for horse bedding - and even then with a profuse apology to the unfortunate creature who will be expected to repose upon it. AVOID!
12 of 14 people found the following review helpful:
3.0 out of 5 stars
The "BN publishing" edtion of this masterpiece was a disappointment,
By Openrose (UK) - See all my reviews
This review is from: The General Theory of Employment, Interest and Money (Paperback)
I was disappointed in the "BN publishing" edition (the one with a picture of a handshake on the front cover). It is not a direct reprint of the original 1936 (Macmillan) edition. The page numbers have been changed, the index has disappeared completely, the mathematical formulas are wrongly set up, and the table on page 69 (of this edition) has a nasty page break in the middle.
It is to be hoped that the rival Palgrave edition (which I have not seen) shows more respect to Keynes' masterpiece.
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