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[Economics] Keynes, John Maynard (1883-1946) The General Theory of Employment, Interest, and Money.
London: Macmillan & Co., Ltd., 1936.
First edition, octavo, publisher's blue cloth binding, slightly shifted, 8 1/2 x 5 1/4 in.
The economic turmoil of the Great Depression prompted many to question the wisdom of allowing an unregulated free market to self-correct. Keynes suggested that a cash-starved economy would continue to perpetuate the downward slide. His sustained criticism of existing economic theory carried great influence. "I believe myself to be writing a book on economic theory which will largely revolutionize-- not I suppose, at once but in the course of the next ten years --the way the world thinks about its economic problems. I can't expect [...] anyone to believe this at the present stage. But for myself I don't merely hope what I say, in my own mind, I'm quite sure." (see John Cassidy's "The Demand Doctor," The New Yorker, 3 October 2011, quoting a letter Keynes wrote to George Bernard Shaw on 1 January 1935, referring to the present work.)