The General Theory of Employment, Interest and Money (Q1047156)

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book by John Maynard Keynes
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English
The General Theory of Employment, Interest and Money
book by John Maynard Keynes

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    The General Theory of Employment, Interest and Money (English)
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    With a new introduction by Paul Krugman (English)
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    rentier
    euthanasia of the rentier
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    24. Concluding Notes on the Social Philosophy towards which the General Theory might Lead / II / Now, though this state of affairs would be quite compatible with some measure of individualism, yet it would mean the euthanasia of the rentier, and, consequently, the euthanasia of the cumulative oppressive power of the capitalist to exploit the scarcity-value of capital. (English)
    euthanasia of the rentier
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    Book 5, Chapter 21: The Theory of Prices, VII / During the ... There is evidence that for a period of almost one hundred and fifty years the long-run typical rate of interest in the leading financial centres was about 5 pet cent., and the gilt-edged rate between 3 and 3 1/2 per cent.; and that these rates of interest were modest enough to encourage a rate of investment consistent with an average of employment which was not intolerably low. (English)
    rigid wage policy
    rigid money-wage policy
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    Book V Money-Wages and Prices / Chapter 19. Changes in Money-Wages / III / Thus with a rigid wage policy the stability of prices will be bound up in the short period with the avoidance of fluctuations in employment. (English)
    rigid wage policy
    rigid money-wage policy
    Book V Money-Wages and Prices / Chapter 19. Changes in Money-Wages / II / It follows that with the actual practices and institutions of the contemporary world it is more expedient to aim at a rigid money-wage policy than at a flexible policy responding by easy stages to changes in the amount of unemployment; ... (Japanese)
    I HAVE called this book the General Theory of Employment, Interest and Money, placing the emphasis on the prefix general. (English)

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