Why read A Tract on Monetary Reform?

Book cover of A Tract on Monetary Reform

Book description

This book, is devoted to the need for stable currency as the essential foundation of a healthy world economy. Describing the various effects of unstable currency on investors, business people, and wage earners, Keynes recommends the implementation of policies that aim at achieving stability of the commodity value of the…

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Why read it?

1 author picked A Tract on Monetary Reform as one of their favorite books. Why do they recommend it?

Larry Allen

Author

This book is perhaps one of the best-kept secrets in economics, overshadowed by Keynes’ more path-breaking General Theory, but oozing with wisdom on every page. Here Keynes transcends the bounds of economics. In his words: “It is one of the objects of this book to urge that the best way to cure this mortal disease of individualism is to provide there shall never exist any confident expectation either that prices are generally going to fall or that they are going to rise; and also that there shall be no serious risk that a movement, if it does occur, will be…

From Larry's list on seeing world history thru the lens of economics.