The General Theory of Employment Interest and Money, First U.S. Edition, 1936

[Economics] Keynes, John Maynard. The General Theory of Employment Interest and Money. New York: Harcourt, Brace and Company. 1936. First U.S. Edition. 8vo, 403 pages. Blue cloth, spine lettered in gilt. The first American edition of the classic work of modern economics that emphasizes macroeconomics and introduces the idea of the consumption function. One of the most important books in the history of economics and an early critique on the flaws of free market capitalism and influenced The New Deal. Keynes's forward-looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented. For Keynes, enlightened (truncated) government intervention in a nation's economic life was essential to curbing what he saw as the inherent inequalities and instabilities of unregulated capitalism. Light rubbing to cloth and gilt, bottom edge slightly soiled, overall very good condition. Keynsian ideas play an outsize role in shaping the development of global macroeconomic policies in the 20th and into the 21st centuries. (Inventory #: 20550)