First edition; 8vo; original boards and dust jacket. Keynes states 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 of this erratic underlying influence and makes it clear that policies limiting such fluctuations should be implemented to ensure economic and social stability. 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." A fine copy in a very good dust jacket, which is a little toned to the spine and slightly frayed at upper edges. Seller Inventory # 2472

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Bibliographic Details

Title: A Tract on Monetary Reform

Publisher: Macmillan

Publication Date: 1923

Binding: Hardcover

Condition: Fine

Dust Jacket Condition: Very Good

Edition: 1st Edition

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