就业,利息和货币通论(英文版)-

told to wait and allow "the system" to work itself out. This seemed to hold true during times of mild recession, but inevitably a recession so terrible would strike that forced change in the entire field of economics. The worlds monetary supply was jolted by a depression whose severity had never been experienced before, and people were beginning to lose confidence in their leaders and the "hands off" approach by economists. There are simply no adequate comparisons to modern times.
A Project Gutenberg of Australia eBook
Title:
The General Theory of Employment, Interest and Money
Author:
John Maynard Keynes
eBLeabharlann Baiduok No.: 0300071h.html
Edition: 1
Even die-hard supporters of capitalism and the "American System" reexamined their beliefs with the Great Depression looming over the world's head. Other economic systems began to look increasingly attractive. Unemployment figures are unreliable, but it has been estimated that perhaps 1/4 of the US workforce could not find work. Countless more were underemployed, meaning their skills and education did not match with their job descriptions. Prices were actually deflating and while today a restriction of trade is a punishment, a sanction, governments during this period erected a series of trade barriers to keep out foreign goods which further constrained the economy. During this tumultuous time, the President's administration kept yelling "laissez-faire! laissez-faire!" Treasury Secretary Andrew Mellon was heard saying "values will be adjusted, and enterprising people will pick up the wreck from less-competent people."
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The "Classical Theory" makes many assumptions about how the economy operates, many of which are interconnected and "stand and fall together," as Keynes put it. In particular, the belief that "supply creates its own demand" is put into question. Since Adam Smith wrote his treatise The Wealth of Nations, people were being
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The General Theory of Employment, Interest and Money
By John Maynard Keynes
GENERAL INTRODUCTION