Books

Macmillan. First edition; 8vo; original blue cloth and dust jacket. One of the most influential economic works of the Twentieth Century. Described as "the chief of his [Keynes'] major theoretical works... a new and radical analysis of economic instability" (ODNB). Keynes provided support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. A lesson which it would seem has yet to be learnt! A fine copy in a very good dust jacket, which is a little toned to the spine, with a couple of small water spots and slight loss to the foot.

John Maynard Keynes' groundbreaking work established the framework for contemporary macroeconomic theory. It analyses the causes of fluctuating employment levels and proposes interventions to stabilize the economy.