The General Theory of Employment, Interest, and Money custom hoodie
title of book by John Maynard Keynes (1883-1946) outlining the general concept of Keynesian economics. The book was published in 1936. *Context* ______________________________ Prior to the Great Depression, opinions about how to properly manage the economy were dominated by Neoclassical economics, which advocated little government intervention. In particular, unemployment was regarded as the consequence of workers failing to accept wages sufficiently low to permit full employment. During the Great Depression, unemployment soared to 25% in the USA and Germany. Economics had no advice to give to leaders anxious to do something, and none of the neoclassical predictions were coming true. The government of the UK commissioned J.M. Keynes to lead a commission of top British economists in a general review of economic theory; their finding were summarized by Keynes in *The General Theory*. *The Findings* ______________________________ The Cambridge team did not have access to statistics of national income and product accounting (NIPA). They did have some data on unemployment and prices, especially from the USA. Keynes also identified several inherent logical problems with neoclassical economic theory about saving and investment. The theory said that all economic output of an economy would tend to be consumed; all saving would be invested; and all workers would be employed, *provided wages fell low enough*. Keynes noted the economic mechanism by which investment occurs has little to do with the existing rate of saving; both are influenced by interest rates, but other forces come into play (e.g., liquidity preference for saving, business opportunities and user cost for investment). Hence, aggregate demand can drift very far out of alignment with output (or potential output). Another finding was that employment rates actually did not respond in a predictable way to the fall in wages. The US economy suffered periods when a reduction in the wage level lead to increases in employment, despite the assumption that workers would have withdrawn from the labor market. Finally, Keynes proposed the use of monetary policy and fiscal policy for regulating business cycles.
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The General Theory of Employment, Interest, and Money sweatshirt
Size L
The Urban Dictionary Hoodie
- Soft midweight fleece with a brushed interior
- Comfortable, classic unisex fit
- Double-lined drawstring hood
- Front pouch pocket
- Gildan Heavy Blend
- Printed just for you. Before we print
- Returns & defect-free guarantee
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Customer Reviews
Navy Quality Goods Awesome! My girlfriend Becca loves it!
Navy Quality Goods I bought this shirt to wear whilst i sail the seven seas with my sea cadet friends, i really like the design because i can walk around and everyone knows im a wannabe pirate. I also like the colour choice, i am able to use it as my stealth suit whilst we do our practice drills with spray painted nerf guns :) would buy again!
Nice It's pretty good to describe my mood around my parents!! Love this! Make more!
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i said shart and wore it to a party
wrote shart and wore it to a party
SUPER SIGMA. I LOVE IT.
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Pretty good It isn’t very hot and sweaty but other than that it is pretty good
TO THOSE ASKING, YES, THE GORGEOUS MAN COMES WITH THE SWEATSHIRT BUTTTT YOU HAVE TO PAY 100 TIMES MORE THAN ASKING!
Better then Gucci and LV I bought 3 of these and omg I’m done it’s literally the best hoodie I have ever worn.Its so good that I think the hoodie give me powers like Shaggy.I hope this becomes better than any other brand that’s how good it is.
Orderd a large hoodie about two years ago and the print in still holding up. I recently order a XL just do to the fact that the original has shrunk a little. The new hoodie is made with thicker material and fits perfect. I recommend ordering one size up.
Hahaha hoodie says cum dump and I wore it in public
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bro my dog started barking when I wore this hoodie, he started talking in spanish and was like "Aiiiiii te ves sexy ¿Puedo conseguir tu número?" and then he did the stanky leg before he packed his bags and got 3 tickets to bikini bottom. I asked him who the other 2 people were and he told me "nah i just tryna sleep". Had to respect the dog, he got that dog in him. but yeah the hoodie was warm
made me look like the gyatt rizzler,the girls loved it!!!
It was softer than expected! Great fit for me, I love the way it wears. It is my favorite sweatshirt
Size adult medium unisex was a perfect fit. Shirt was very soft. Could be a bit thicker for the price.
Very expensive for just a word on a sweatshirt, but my son was thrilled with it.
I kinda liked it.