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Old 08-07-2011, 09:19 AM   #628
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<strong>Enrolled</strong> – The status of a student who has been admitted to an educational program or has completed an institution' s registration requirements.

Keynes's General Theory (EO)<br />The General Theory of Employment, Interest and Money, first published in 1936, is often regarded as the most influential economics book to have been written in the twentieth century. It begins with an attack on the postulates of CLASSICAL ECONOMics and an assertion of the principle of EFFECTlVE DEMAND, lists definitions and ideas, and then discusses the propensity to consume, the inducement to invest, money wages and prices before an epilogue relating the General Theory to the TRADE CYCLE, MERCANTILISM and future SOcial philosophy. Keynes accepted the summary of the General Theory made by Harrod in a letter of 30 August 1935: 'Your view, as I understand it is broadly this: - Volume of investment determined by marginal efficiency of capital schedule and the rate of interest. Rate of interest determined by the liquidity preference schedule and the quantity of money. Volume of employment determined by the

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