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A Treatise on Money: The Pure Theory of Money
Hardcover
ISBN13: 9781026049273
Publisher: Tradd Street Press
Published: Feb 14 2026
Pages: 388
Weight: 1.58
Height: 0.88 Width: 6.14 Depth: 9.21
Language: English
A Treatise on Money: The Pure Theory of Money is a foundational work in the field of macroeconomics that explores the complex mechanisms governing the value of money and the dynamics of the economic system. Written by the influential economist John Maynard Keynes, this first volume provides a rigorous theoretical framework for understanding how the circulation of money influences production, consumption, and the overall price level.
In this volume, Keynes introduces his fundamental equations to analyze the relationship between savings and investment, arguing that discrepancies between these two forces are the primary drivers of economic instability and fluctuations in purchasing power. The text delves into the distinctions between bank money and commodity money, offering a comprehensive analysis of the banking system's role in credit creation and the management of interest rates. By examining the flow of wealth through different sectors of the economy, Keynes seeks to uncover the underlying causes of inflation and deflation.
As a precursor to his later revolutionary theories, this work remains an essential resource for students of economic history and theory. It offers deep insights into the evolution of monetary policy and the development of 20th-century economic thought, emphasizing the critical importance of aggregate demand and financial stability in a modern industrial society.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.
This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.
As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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