Although The General Theory was written in the aftermath of the Great Depression and was taken by many to justify the assumption by government of the responsibility for the achievement and maintenance of full employment, it is for the most part a highly abstract work of theory and by no means a tract on policy. Its full meaning and significance continues to be debated even today. As a book, it is a difficult read for a modern student of economics, although it is enlivened by some brilliant rhetorical passages, including the description of the stock market in Chapter 12 and the concluding chapter 24 on the (rather tentative) policy implications Keynes derived from his theory.Since the book looks tediously dull and worthless, we will read chapters 1, 12, 22, 24 and the preface to the German edition. The book can be found at:
The ebooks.adelaide.edu version includes the preface to the German edition.
For the meeting on the 15th, we will discuss the preface, chapter 1, and Gary North's address on Keynes' influence at the ASC 2010 conference.
An audio only version of North's address can be heard at http://media.mises.org/mp3/ASC2010/07_ASC2010_North.mp3