Employment, Interest And ...: The General Theory Of

He once joked that even if the government paid people to dig holes and fill them back up, it would be better for employment than doing nothing at all! 🕳️💰

Caption: 📖 Book Review: The Bible of Macroeconomics The General Theory of Employment, Interest and ...

It introduced terms we use every day, like The Multiplier Effect and Liquidity Traps . It's the reason we look at "Aggregate Demand" to see if the economy is healthy. He once joked that even if the government

It’s the total spending in the economy that drives employment, not just the price of labor. not just the price of labor.