A Tract On Monetary Reform
  • A Tract On Monetary Reform
  • A Tract On Monetary Reform
  • A Tract On Monetary Reform
ISBN: 1607960818
EAN13: 9781607960812
Language: English
Release Date: Jan 23, 2009
Pages: 220
Dimensions: 0.7" H x 8.8" L x 5.9" W
Weight: 0.75 lbs.
Format: Paperback
Select Format Format: Paperback Select Conditions Condition: New


Format: Paperback

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Book Overview

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This treatise, written in 1923 by the renowned proponent of deficit spending, is devoted to the need for stable currency as the indispensable foundation to a healthy world economy. Keynes begins by laying out data showing the serious fluctuations in the value of money that began in 1914 and subjected North America, Europe, and India to injurious cycles of inflation and deflation. He describes the various effects on investors, business people, and wage earners of this erratic underlying influence and makes it clear that policies limiting such fluctuations must be implemented to ensure greater economic and social stability. He finds the gold standard, which was used as the basis of value for many currencies, including the U.S. dollar at that time, to be ultimately unreliable since gold itself is also prey to unstable valuations. In the final analysis he recommends the implementation of policies by Great Britain and the United States that aim at achieving stability of the commodity value of the dollar rather than the gold value. T]he ideal state of affairs, he argues, is an intimate co-operation between the Federal Reserve Board and the Bank of England, as a result of which stability of prices and of exchange would be achieved at the same time. As always, Keynes proved to be amazingly prescient: The Read More chevron_right

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The Collected Writings of John Maynard Keynes Series In Order - By John M Keynes

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