The General Theory of Employment Interest and Money
NY: Harcourt Brace and Company, 1936. First American Edition. xii, Offsetting to the prelims at the gutters, small ink name on front free endpaper, minor wear to the extremities with a faint rubbed patch on the front and a tiny white spot to the rear, else very good in publisher's blue cloth; lacking the jacket. Item #71346
In this landmark work, Keynes challenged the classical belief that markets naturally return to full employment. He argued that prolonged unemployment could persist when aggregate demand was too weak to sustain economic activity. In such periods, he maintained, government spending and monetary intervention were necessary to stimulate demand and restore growth.
Keynes’s final and most influential book transformed modern economic thought, established macroeconomics as a distinct field of study, and reshaped economic policy throughout the twentieth century.
Price: $500.00