Keynes, John Maynard - The General Theory of Employment, Interest, and Money - First Edition, First DJ

  KEYNES John Maynard, The General Theory of Employment, Interest and Money. 8vo (220 x 145mm). [2], xii, 403, [1] pp. London, Macmillan and Co., Limited. 1936 Original dark blue cloth, spine lettered and ruled in gilt, ruling continued to boards in blind, the rare dust jacket is unclipped, notably clean and smooth with slight fraying at the top, with tiny losses. An exceptionally clean and fine volume itself in virtually perfect condition. The General Theory was written in the aftermath of the Great Depression, when the old economic order was widely seen to have failed. Keynes argued that government must intervene in the economy, directing wages, investment, and demand, in order to achieve full employment and end the boom and bust cycle. In so doing, a middle way was found between the laissez-faire policy of classical political economy, as founded by Adam Smith in the 18th century, and the complete state control of socialist governments, derived from Marx's theories of the 19th centur