TREATISE ON MONEY
TREATISE ON MONEY

TREATISE ON MONEY

(New York: Harcourt, Brace and Company, 1930).

FIRST EDITION OF AN IMPORTANT WORK BY ONE OF THE MOST INFLUENTIAL ECONOMISTS OF THE 20TH CENTURY. Published early during the great economic upheaval that was engulfing the entire world, A THEATISE ON MONEY argued that the best course of action during a depression was to promote spending and to discourage saving. Keynes did not believe that booms and busts happen solely because of extrinsic random variables such as “sunspots”. Instead, he believed that economic events emerge when there are discrepancies between savings and investments. According to Keynes, a true measure of a nation's prosperity is not anything of physical value such as gold or silver, but by national income. To him, the most important characteristic of national income is consumption.
The work is separated into two parts; THE PURE THEORY OF MONEY and THE APPLIED THEORY OF MONEY. In each Keynes lays groundwork which he would address further in THE GENERAL THEORY OF EMPLOYMENT, INTEREST AND MONEY, his 1936 publication considered by many to be one of the most important economic works of the 20th century. Item #31360

Keynes, John Maynard. A TREATISE ON MONEY (New York: Harcourt, Brace and Company, 1930).

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Price: $350.00