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The General Theory of Employment Interest and Money.
London: Macmillan and Co., Limited,, 1936. Octavo. Original blue cloth, spine lettered and ruled in gilt, two line border to head and foot of covers in blind, top edge brown. Spine rolled, head and tail of spine creased, some barely visible marks to rear board, top edge foxed, an excellent copy. First edition, first impression. "The world-wide slump after 1929 prompted Keynes to attempt an explanation of, and new methods for controlling, the vagaries of the trade-cycle … in his General Theory, he subjected the definitions and theories of the classical school of economics to a penetrating scrutiny and found them seriously inadequate and inaccurate" (PMM). His conclusion, namely that "the regulation of the trade-cycle - that is to say the control of booms and slumps, the level of employment, the wage-scale and the flow of investment - must be the responsibility of governments", permanently altered the terms of economic debate and considerations of the role of government in managing the economy (or not).
      [Bookseller: Peter Harrington]
Last Found On: 2017-06-09           Check availability:      Biblio    

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