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A Tract on Monetary Reform (Great Minds Series)
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A Tract on Monetary Reform (Great Minds Series)

4.11  ·  Rating Details ·  27 Ratings  ·  3 Reviews
This treatise, written in 1923 by the renowned proponent of deficit spending, is devoted to 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 def ...more
Paperback, 220 pages
Published April 1st 2000 by Prometheus Books (first published January 1st 1971)
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Frank Stein
Feb 14, 2015 Frank Stein rated it it was amazing
For a seminal work from a radical economist, this book can seem surprisingly conservative. Basically, "The Tract on Monetary Reform" (1923) is Keynes's argument for a managed currency, one where the central bank controls the money supply in order to create a steady price level, instead of merely pegging a currency to gold. Today, this is an almost universal commonplace, but, as Keynes notes, just five years before his book was published, such a concept was all but unthinkable, except by a few ec ...more
Matthew
Jul 25, 2009 Matthew rated it liked it
Shelves: economics
Quite a difficult read -- not sure if its because of my weak grasp of economics or because of his language. Still, it was interesting to me to go back and read this work by Keynes. The way he argues and derives principles of foreign exchange is sharply different and much more organic that the mathematical presentation of exchange rate/inflation/interest rate relationships in contemporary textbooks.

Also interesting to note that Keynes wrote this as a publicly distributed pamphlet and not an acad
...more
Qingchuan(Vivian) Lyu
Aug 10, 2015 Qingchuan(Vivian) Lyu rated it it was amazing
This book is really beautiful within poetic words. It feels like reading a story book when Keynes was explaining serious economic questions.
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John Maynard Keynes, 1st Baron Keynes (CB, FBA), was a British economist particularly known for his influence in the theory and practice of modern macroeconomics.

http://www.maynardkeynes.org/

NB: Not to be confused with his father who also was an economist. See John Neville Keynes.
More about John Maynard Keynes...

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