First edition of The General Theory of Employment, Interest and Money by John Maynard Keynes, a foundation of modern economic theory.
Octavo, xii, 403pp. Blue pebbled cloth, title in gilt on spine. No additional printings on copyright page. Dust remnant along top edge of text block, faint offsetting to endpapers, light foxing to rear endpaper and outer edge of text block, solid text block. Period ownership inscription dated Feb. 1936 on front free endpaper. Bookseller’s label on front pastedown endpaper. Housed in custom brown leather clamshell. In the publisher’s first state dust jacket, “5/-NET” retail price on front flap, archival tissue repairs to spine ends and flap folds, newspaper clipping affixed to front flap, a bright and attractive example of this scarce dust jacket.
This work is the last book by influential British economist, John Maynard Keynes. It introduced many of the concepts that remain central to the study of macroeconomics, such as the impact of government spending, central bank monetary policy and a general distrust of free-market economic decision making. It was viewed as an attack on the “classic economic orthodoxy” of the 1930s. (PMM 423)