A Treatise on Money

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A Treatise on Money
Author John Maynard Keynes
Country United Kingdom
Language English
Genre Nonfiction
Publication date
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[edit]

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]


  1. ^ "Treatise on Money and the General Theory of Employment, Interest and Money 1927 to 1939". maynardkeynes.org. 
  2. ^ Hicks, John (1986). A Market Theory of Money. p. 61. 

External links[edit]