Delve into the revolutionary insights of John Maynard Keynes in "The General Theory" and explore its profound impact on modern economics. Understand how Keynes challenged classical economic theories by emphasizing the critical role of aggregate demand and the necessity for government intervention during economic downturns. Discover the concepts of the multiplier effect and liquidity preference, and learn why they are pivotal in achieving economic stability and shaping effective policy. Don't miss this comprehensive analysis that connects historical economic thought with today's financial landscape!
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00:00:00 Understanding Labor, Interest, and Money: A General Theory
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