A Tract on Monetary Reform
Author | : John Maynard Keynes |
Publisher | : Cosimo Classics |
Total Pages | : 240 |
Release | : 1923 |
ISBN-10 | : PRNC:32101068992534 |
ISBN-13 | : |
Rating | : 4/5 (34 Downloads) |
Book excerpt: "The long run is a misleading guide to current affairs. In the long run we are all dead." -John Maynard Keynes, A Tract on Monetary Reform (1923) A Tract on Monetary Reform (1923), by British economist John Maynard Keynes, is a masterly analysis of the world monetary situation at the beginning of the twentieth century. Keynes stated the importance of stable domestic prices and a stable currency for a strong economy, while arguing against the gold standard, which at that time was used for the US dollar and many other currencies. Britain abandoned the gold standard in 1931-after it had re-established it in 1925-and the United States abandoned the gold standard in 1933. A Tract on Monetary Reform is essential reading for anyone interested in Keynes' theories and for students of economics or economic history.