The Means to Prosperity.
KEYNES, John Maynard [J.M.].
The Means to Prosperity.
First Edition of John Maynard Keynes' The Means to Prosperity
New York: Harcourt, Brace and Company, 1933.
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Item Number: 150690
First American edition of four of Keynes’ articles printed in The Times in March 1933, making his case for counter-cyclical public spending. Preface written especially for this edition by Keynes. Octavo, original wrappers. In very good condition with toning and price sticker remnants to the front panel. Uncommon.
At the height of the Great Depression, in 1933, Keynes published The Means to Prosperity, which contained specific policy recommendations for tackling unemployment in a global recession, chiefly counter-cyclical public spending. The Means to Prosperity contains one of the first mentions of the multiplier effect. While it was addressed chiefly to the British Government, it also contained advice for other nations affected by the global recession. A copy was sent to the newly elected President Franklin D. Roosevelt and other world leaders. The work was taken seriously by both the American and British governments, and according to Robert Skidelsky, helped pave the way for the later acceptance of Keynesian ideas, though it had little immediate practical influence. In 1933 London Economic Conference opinions remained too diverse for a unified course of action to be agreed upon.
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