A Tract on Monetary Reform by John Maynard Keynes
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"A Tract on Monetary Reform" by John Maynard Keynes is a book published in 1923. Writing during post-World War I monetary instability, Keynes argues that countries should prioritize domestic price stability over fixed exchange rates. He critiques the gold standard as a "barbarous relic" and proposes managed monetary policy using interest rates and banking reserves. Rather than freely floating currencies, he advocates for a "crawling peg" system where exchange rates adjust gradually—a
middle path between rigid and floating regimes. (This is an automatically generated summary.)
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About this eBook
| Author | Keynes, John Maynard, 1883-1946 |
|---|---|
| LoC No. | 24001992 |
| Title | A Tract on Monetary Reform |
| Note | American edition (New York, Harcourt, Brace and company) has title: Monetary reform. |
| Note | Wikipedia page about this book: en.wikipedia.org/wiki/A_Tract_on_Monetary_Reform |
| Credits | Tim Lindell, Charlie Howard, and the Online Distributed Proofreading Team at www.pgdp.net (This book was produced from images made available by the HathiTrust Digital Library.) |
| Reading Level | Reading ease score: 50.8 (10th to 12th grade). Somewhat difficult to read. |
| Language | English |
| LoC Class | HG: Social sciences: Finance |
| Subject | Money |
| Subject | Foreign exchange |
| Subject | Currency question |
| Category | Text |
| eBook-No. | 65278 |
| Release Date | May 8, 2021 |
| Last Update | Oct 18, 2024 |
| Copyright | Public domain in the USA. |
| Downloads | 1096 downloads in the last 30 days. |
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