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
1930
ISBN 978-0-404-15000-6

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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

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External links

  • A Treatise on Money (Full text viewable)
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