We are delighted to present the first edition of the book that brought in a new era of economic thinking and policy.
Following high unemployment during the Great depression, Keynes re-examined his opinions of classical economics, and theorised that employment level is influenced by aggregate demand, rather than by the price of labour (as had been classically understood). This is the central argument of The General Theory.
Although many early reviews were critical of Keynes’ aims, today many of his innovations are still key to modern macroeconomics.
Some key concepts introduced are the consumption function and the principle of effective demand.
John Maynard Keynes (1883-1946), an English economist; one of the most influential economists of the 20th century, Keynes was crucial for the redefinition of macroeconomics.
This book is a fascinating artefact in the history of economics, whose importance cannot be understated.
8vo, (25.4x14cm), pp.[i]+xii+403. Occasional b&w diagrams. 1 page authorial advertisement before preliminaries. No dust-jacket.
Dark blue cloth binding in very good condition with blind decoration to boards. Light scratches and marks on the front board, corners slightly bumped. Spine with gilt lettering in very good condition, sunned with minimal shelf wear and pulling.
Pencil notes in the margins not affecting text, some foxing to page edges, otherwise pages clean. Pencil ownership inscription of “J. Maddison” to front paste-down.
Item is as pictured.
- Number of Books
- Economics, Mathematics, Science (general)
- Author/ Illustrator
- Keynes, John Maynard
- Book Title
- The General Theory of Employment Interest and Money
- Very good
- Publication year oldest item
- 1st Edition
- Original language
- London: Macmillan and Co.
- Binding/ Material
- Number of pages
- 25.4×14 cm