2011 Reprint of 1930 American Edition. Two volumes Complete in One. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Volumes One and Two of Keynes' classic work published in a handy one volume format. Exact facsimile of the original Edition. Keynes had begun a theoretical work to examine the relationship between unemployment, money and prices back in the 19...
Paperback: 816 pages
Publisher: Martino Fine Books (March 31, 2011)
Product Dimensions: 6 x 1.8 x 9 inches
Amazon Rank: 1248247
Format: PDF ePub Text TXT fb2 ebook
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A truly magnificient effort by Keynes that demonstrated that the necessary required optimality condition for full employment of all resources in the short run and the long run,that Investment(I) must equal Savings(S) on the boundary of both the Stat...
rk, Treatise on Money, was published in 1930 in two volumes. We reproduce this two volume edition in one volume. A central idea of the work was that if the amount of money being saved exceeds the amount being invested - which can happen if interest rates are too high - then unemployment will rise. This is in part a result of people not wanting to spend too high a proportion of what employers pay out, making it difficult, in aggregate, for employers to make a profit.