First edition of The General Theory of Employment, Interest and Money by John Maynard Keynes. Octavo, xii, 403pp. Blue cloth, title in gilt on spine. Shelf wear along bottom edge, some loss of gilt on spine. Previous ownership inscription on front free endpaper, dated 1939. In publisher’s first state dust jacket, price clipped, chipping along top edge, light shelf wear to covers, bright illustrations and colors, a very good example.
Comments: 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 impacts of government spending, central bank monetary policy and a general distrust of free-market economic decision making. It was viewed as an attack on “classic economic orthodoxy” of the 1930’s.