The General Theory

Absolutely. "The General Theory," authored by John Maynard Keynes, is a groundbreaking economic work that explains how economies operate overall. It argues that total demand—what households, businesses, and the government are willing to spend—is the main driver of economic growth and employment. When demand is low, unemployment rises; when demand increases, jobs and production grow. Keynes introduced ideas that government spending and policies can help manage economic fluctuations, especially during downturns, by stimulating demand. This theory shifted economic thinking from focusing solely on individual markets to understanding and managing the economy as a whole system.