Author: Fred Glahe, Frank Vorhies Narrator: Louis Rukeyser Publisher: Blackstone Audiobooks Unabridged Edition Running Time: 2 Hrs. 30 Min.

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The Keynesian Revolution: Capitalism as a Flawed System, and Ideas for a New Order by Fred Glahe

Keynes suggested that capitalism is vulnerable to instability caused by insufficient consumer demand. He emphasized the reluctance of workers to accept reductions in nominal wages, preventing free market adjustments to unemployment. Based on these and other perceived defects in the capitalist system, Keynes suggested government intervention in the economy, and modern politicians have accepted and applied Keynesian ideas with great enthusiasm.

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This Author: Fred Glahe This Narrator: Louis Rukeyser This Publisher: Blackstone Audiobooks

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