'A Treatise on Money: Volume One, The Pure Theory of Money' and 'A Treatise on Money: Volume Two, The Applied Theory of Money' by John Maynard Keynes. Two volumes complete. Original blue cloth with gilt tooling, pp.xvii and pp.363 of volume one, pp.viii and pp.424 of volume two. Third printing, 1935. 

This work was the subject of much catty dialogue when it was first published, catalysing debates between Keynes and other contemporary economists. Primarily, contentions arose around Keynes' stipulation that where saving exceeded investment, recession would occur and thus Keynes reasoned that during a depression the best course of action would be to promote spending and to discourage saving. Notably, this work is credited to have been the first use of the term liquidity in the context of economics. This set remains bright and clean with all original contents present and firmly bound, for further details please see condition notes.  

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