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

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! 🕳️💰

1️⃣ Effective Demand: Jobs exist because people spend, not just because workers are cheap.2️⃣ Animal Spirits: Our economic decisions are driven by emotion and "spontaneous optimism," not just math.3️⃣ Fiscal Policy: Governments have the power—and responsibility—to bridge the gap during crises. The General Theory of Employment, Interest and ...

A small spark in government spending can lead to a much larger increase in total national income. 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. It’s the total spending in the economy that

John Maynard Keynes’ 1936 masterpiece, The General Theory of Employment, Interest and Money , didn’t just change economics—it started a revolution.

Are we still slaves to "defunct economists"? 🏛️