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2020-02-12 18:53:20
John Maynard Keynes
The General Theory of Employment, Interest, and Money
Harcourt, Brace and Company, New York. New York: Harcourt, Brace and Company, 1936. First American Edition. Octavo; xii, 403pp, with errata printed on final page. Printed yellow and black dust jacket over blue cloth-covered boards with gilt lettering to spine. Jacket price-clipped, with shallow chipping to spine ends and along edges, a few small, clean tears, and some general smudging, scuffs, and creasing. Later 3.75 price written in pencil at top of front flap. Boards lightly edgeworn, with rubbing at spine ends and dulling to lettering. Opens flatly to between gatherings, but binding is secure. Ownership signature of R.B. Goode on front free endpaper with date 11/3/39 on front pastedown. A fair bit of marginalia and underlining throughout, but text all legible. The key work by Keynes, who is often dubbed the founder of modern macroeconomics. Theorizing during the Great Depression, Keynes's notion was that it was demand, not the price of labor, that determines employment rates, economic output, and the more. While falling a bit out of favor by the 1970s, Keynesian principles were revived in response to the 2008 Financial Crisis. [Attributes: First Edition; In Dust Jacket]
Bookseller: Capitol Hill Books [Washington, DC, U.S.A.]
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