English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes …, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea … publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate …

macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by … concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much … observing the relevance of Keynes’ work in today’s contemporary climate. …

and John Maynard Keynes. Yet both the Austrian and the Keynesian interpretations of the Depression were incomplete … how the Great Depression actually occurred. Unlike Keynes or Hayek, Cassel explained both how a country could get into a …