A Treatise on Money
|Author||John Maynard Keynes|
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.
Introduction of liquidity terminology
- "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.
- 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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