Friday, May 25, 2012

Reading The General Theory

As much as I've talked about economics on this blog, I've never actually read Keynes's entire Magnum Opus, "The General Theory of Employment, Interest, and Money".  Sure, I've read parts of it here and there, but never all the way through as written.  Normally, I'd feel ridiculous about talking about a subject without reading one of the most famous books on the subject.  But apparently, most "real" economists haven't done so either and some even actively advocate against reading it.

So, I started reading "The General Theory" and very quickly learned new things and other things that I wanted to find more information about.  That's when I discovered there are no free, online study guides for The General Theory that are pro-
Keyensreality (the one I found was written by a very hostile austrian enthusiast).  So, I've decided to start one.  What qualifies me to do this?  Absolutely nothing but a curious intellect and a blog.  But, the way I figure it, until a more qualified person offers the same thing , I've got a monopoly on this niche.

So, what I'm going to do is read a selection.  Then I'll blog about what I read.  In the title, I'll put what section I'm talking about.  I'll point out things that I think are correct, things that I think are wrong, things I found insightful or interesting, and things that I found difficult to understand.  I'll then try to justify why and put in the correct information or summary.  I expect that I may occasionally change my mind or find new information and will have to update a post.  If it's a small change I'll edit the post.  If it's a big change I might just rewrite it and note that the older section is deprecated.

I'll also be creating a new page, The General Theory Study Guide, that puts the readings in order so that future readers can easily find the different sections.  I have no idea how long this will take, but it won't be finished unless I start it.  Hopefully, somebody will eventually find this helpful.  For those who are curious, this is the edition I'll be reading on the eBook reader device of my choosing.
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