Economic Theory

What was this free market that Adam Smith was referring to? You will know the answer in this book that’s appropriate for children. You might think that such principles are too complex for kids, but they’re not if you use the right learning tools. Go for books that have been written to match your child’s vocabulary, to facilitate easy understanding. Enjoy a good listen!

Imagine a world where technology understands the human condition - a world that values relationships more than diamonds - a place where people earn a living, not from selling, but from compassion. We stand on the threshold of such a world. The door is open.

In his 1936 book The General Theory of Employment, Interest and Money, Keynes argued that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believed market economies are by nature unstable and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes set out to change the way the world thinks about economics.