First edition of The Great Crash 1929 by John Kenneth Galbraith. Octavo, ix, 212pp. Red cloth, title in silver on spine and front panel. First edition with matching dates on title and copyright page. In publishers dust jacket, $3.00 on front flap, toning to spine, some wear along top edge, chipping at bottom edge of spine, otherwise very good. From the personal library of Sidney Fine, a professor of history at the University of Michigan and prolific author.
Comments: This work by economist John Kenneth Galbraith is an economic history of the Wall Street Crash of 1929. He argues that the stock market crash was the result of rampant speculation, which is now the conventional wisdom of why the crash occurred in 1929. Galbraith served in numerous democratic administrations, including President Franklin D. Roosevelt, Harry Truman, John F. Kennedy and Lyndon Johnson. He was a prolific author, advocating for American liberalism and a type of post-Keynesian economic model. He was awarded the Presidential Medal of Freedom in 2000.