Treatise on Money, V1: The Pure Theory of Money

＂＂Treatise on Money, V1: The Pure Theory of Money＂＂ is a book written by the renowned economist John Maynard Keynes. The book is a detailed exploration of the nature and functions of money, and how it can be used to stabilize the economy. The book is divided into two parts, with the first part focusing on the theory of money and the second part focusing on its application. In the first part of the book, Keynes lays out his theory of money, which is based on the idea that money is not just a medium of exchange, but also a store of value and a unit of account. He explores the role of money in the economy, including how it affects prices, interest rates, and employment. He also discusses the different types of money, such as commodity money, fiat money, and credit money.In the second part of the book, Keynes applies his theory of money to real-world economic issues, such as inflation, deflation, and the business cycle. He discusses the role of government in stabilizing the economy, including the use of monetary policy and fiscal policy. He also explores the international monetary system and the role of exchange rates in the global economy.Overall, ＂＂Treatise on Money, V1: The Pure Theory of Money＂＂ is a comprehensive and influential work on the nature and functions of money. It remains an important reference for economists and policymakers today.This is a new release of the original 1930 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world’s literature in affordable, high quality, modern editions, that are true to their original work.