Published in February 1936, 'The General Theory of Employment, Interest and Money' by John Maynard Keynes revolutionized economic thought by challenging the classical economic theories of his time. Keynes argued that total spending in an economy can fail to generate full employment if total savings exceed total investment. He introduced key concepts such as the 'Principle of Effective Demand,' liquidity preference, and the marginal efficiency of capital. The book emphasizes the importance of aggregate demand, the role of government in stabilizing the economy, and the interaction between monetary and real economic factors. Keynes's theories have had a profound impact on economic policy and continue to influence macroeconomic thought and policy to this day.
The poor economy brought down Germany's government. With the election looming on Sunday, attention turns to who will take over. The inconvenient truth, for the economy, is that it doesn't matter. The whole world needs to stop looking for answers from politicians who have NONE.
Eurodollar University's Money & Macro Analysis
Reuters German voters demand change as Europe's biggest economy stalls
https://www.reuters.com/world/europe/german-voters-demand-change-europes-biggest-economy-stalls-2025-02-17/
Bloomberg German Investor Outlook Jumps Most in Two Years Before Vote
https://www.bloomberg.com/news/articles/2025-02-18/german-investor-outlook-improves-most-in-two-years-before-vote
Bloomberg What’s in Store for Germany as Far-Right AfD Eyes Big Election Gains?
https://www.bloomberg.com/news/articles/2025-02-18/germany-election-what-to-know-as-far-right-afd-boosted-by-musk-in-spotlight
NYT Keynesianism Explained https://archive.nytimes.com/krugman.blogs.nytimes.com/2015/09/15/keynesianism-explained/
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
Eurodollar University 