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by John Maynard Keynes (Author)
Treatise On Money V1: The Pure Theory Of Money (1930) is a seminal work by the renowned economist John Maynard Keynes. The book is divided into two volumes, with the first volume focusing on the pure theory of money. In this volume, Keynes explores the nature and functions of money, as well as its role in the economy. He also examines the various forms of money, including gold, paper currency, and bank deposits, and discusses the factors that influence their value.Keynes' approach to the theory of money is based on the concept of liquidity preference, which he defines as the desire of individuals to hold liquid assets rather than illiquid ones. He argues that this preference plays a crucial role in determining the demand for money and the level of interest rates in the economy.The book is written in a clear and accessible style, making it an invaluable resource for students and scholars of economics. It is widely regarded as one of the most important works on monetary theory ever written, and has had a profound influence on the development of modern economics.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
