A Treatise on Money
From Infogalactic: the planetary knowledge core
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
External links
- A Treatise on Money (Full text viewable)
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