ABSTRACT
John Maynard Keynes’s book The General Theory of Employment, Interest and Money was the culmination of ideas that he began to examine early in his career, and represents his most radical departure from the ideas of classical economics. The General Theory was the culmination of Keynes’s economic thought and philosophy. The emergence of a coherent branch of economic thought, referred to as Keynesianism, shows the significance of Keynes’s work. The central idea of Keynesianism is the belief that market economies are unstable and require governments to intervene and correct them. Despite the circumstances of its publication, The General Theory and the Keynesian school of economic thought have adapted to changing economic circumstances in the decades since publication. Its publication during the worst economic crisis on record, the Great Depression, ensured that it received an interested response from policymakers and economists.
