IDEAS home Printed from https://ideas.repec.org/a/aft/journl/v1812021janjunp12-35.html
   My bibliography  Save this article

The Meaning Of The Term €Œgeneral†Contained In The Maximum Work Of John Maynard Keynes: A Theoretical Approach

Author

Listed:
  • André Cutrim Carvalho

    (Universidade Federal do Pará/Faculdade de Economia)

  • David Ferreira Carvalho

    (Universidade Federal do Pará)

Abstract

This article aims to discuss the meanings of the term “general†used by John Maynard Keynes in his Magnum opus, entitled: The General Theory of Employment, Interest and Money, also known as “General Theory†(TG). The diversity of the concepts used in the exhibition, and the new method of approaching real life problems in the economic sphere, made TG a complex and controversial work, but very important. It is necessary to understand that Keynes’ object of study is what he called the monetary economy of production, a kind of code name for capitalist mode of production. The main conclusion demonstrates, through necessary reflection, that, despite the difficulties and criticisms, TG has the necessary theoretical elements to understand the phenomena of unemployment, inflation and the economic cycle and, even, of state intervention aiming, precisely, to minimize the serious problems of capitalism: unemployment, inflation, poor income distribution and socioeconomic inequality.

Suggested Citation

  • André Cutrim Carvalho & David Ferreira Carvalho, 2021. "The Meaning Of The Term €Œgeneral†Contained In The Maximum Work Of John Maynard Keynes: A Theoretical Approach," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 18(1), pages 12-35, January-J.
  • Handle: RePEc:aft:journl:v:18:1:2021:jan:jun:p:12-35
    DOI: 105935/1808-2785/rem.v18n1p.12-35
    as

    Download full text from publisher

    File URL: http://editorarevistas.mackenzie.br/index.php/rem/article/view/13286
    Download Restriction: no

    File URL: https://libkey.io/105935/1808-2785/rem.v18n1p.12-35?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    General theory; monetary economy of production; unemployment; state intervention; socioeconomic inequality.;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aft:journl:v:18:1:2021:jan:jun:p:12-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Instituto Presbiteriano Mackenzie (IPM) (email available below). General contact details of provider: https://edirc.repec.org/data/fcmacbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.