A Treatise on Money
| Author | John Maynard Keynes |
|---|---|
| Country | United Kingdom |
| Language | English |
| Genre | Nonfiction |
Publication date | 1930 |
| ISBN | 978-0-404-15000-6 |
A Treatise on Money is a work on economics by English economist John Maynard Keynes. In the Treatise Keynes drew a distinction between savings and investment, arguing that where saving exceeded investment, recession would occur. Thus, Keynes reasoned that during a depression the best course of action would be to promote spending and to discourage saving.[1]
Introduction of liquidity terminology
Hicks stated that the Treatise on Money was the first economics publication to use the term liquidity, because he had not been able to find the term used in earlier works.[2]
References
- ↑ "Treatise on Money and the General Theory of Employment, Interest and Money 1927 to 1939". maynardkeynes.org.
- ↑ Hicks, John (1986). A Market Theory of Money. p. 61.
External links
- A Treatise on Money (Full text viewable)
- Hayek, F. A. von (August 1931). "Reflections on the Pure Theory of Money of Mr. J. M. Keynes". Economica 33: 270–295. doi:10.2307/2548035.
- Hayek, F. A. von (February 1932). "Reflections on the Pure Theory of Money of Mr. J. M. Keynes (continued)". Economica 35: 22–44. doi:10.2307/2548974.
- Keynes, J. M. (November 1931). "The Pure Theory of Money. A Reply to Dr. Hayek". Economica 34: 387–397. doi:10.2307/2549192.
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