KEYNES, John Maynard [J.M.].
A Treatise On Money. Volume I: The Pure Theory of Money.
London: MacMillan & Company , 1930.
$4,800.00
In Stock
Item Number: RRB-151441
+$500
First edition of John Maynard Keynes’ A Treatise on Money; With an Autograph Note Signed by Him
First edition of the first volume of Keynes' classic work. Octavo, original cloth with gilt titles to the spine. In near fine condition with light rubbing and toning. Ownership signature to the front free endpaper. Accompanied by an autograph note signed by Keynes on a personal postcard with his Gordon Square address and dated June 30, 1923. The note reads in full, "I am sorry that I had to refuse St. Albans. But I don't very often make speeches, preferring to write. JM Keynes." In near fine condition with old mounting marks and light toning.
"In 1930, Keynes brought out his heavy, two-volume Treatise on Money, which effectively set out his Wicksellian theory of the credit cycle. In it, the rudiments of a liquidity preference theory of interest are laid out and Keynes believed it would be his magnum opus[however, criticism was swift and extreme] and the Treatise led to the formation of a reading group, known as ‘the circus,’ composed of young Cambridge economists Richard Kahn and others Kahn dutifully delivered reports of the Circus’s discussions to Keynes, who subsequently began revising his ideas. One resulting criticism of the Treatise was that it failed to provide a theory of the determination of output and employment as a whole— a particular pertinent question given the huge amount of unemployment at the time" (History of Economic Thought).
A Treatise On Money. Volume I: The Pure Theory of Money.
$4,800.00
In Stock
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