82 KELLOGG, Edward. Labor and Other Capital. New York: Published by the author, 1849 First edition in book form, originally published as a short pamphlet entitled “Currency; The Evil and the Remedy” in around 1843, before being adapted and retitled into the present book. Kellogg believed that “commercial disturbances and economic evils in general were due to a lack of credit facilities. He consequently proposed a national currency to be based upon actual property or land security to be loaned to individuals at a uniform rate of interest and therefore of uniform value in all parts of the country” ( Palgrave ). Octavo. Original brown cloth, spine lettered in gilt, covers panelled in blind with elaborate floral and geometric designs to centre. Ownership inscription to front free endpaper. Spine ends chipped, pale spots to front cover, tips worn, foxed; a good copy. ¶ Goldsmiths’ 36346; Palgrave II, p. 503. £600 [124816] 83 KEYNES, John Maynard. The Economic Consequences of the Peace. London: Macmillan and Co., Limited, 1919 First edition, first impression, of Keynes’s second book, which established his reputation as a political economist; a particularly fresh copy, of what Keynes’s biographer called “one of the most influential books of the twentieth century” (Skidelsky, p. 384). Keynes resigned from his position as principal representative of the British Treasury at the Paris Peace Conference of 1919, in protest of the heavy reparations demanded from Germany. The Economic Consequences of the Peace was written directly afterwards as a condemnation of Allied policy: Keynes would continue arguing against the reparations in his 1922 book, A Revision of the Treaty .
Octavo. Original blue cloth, spine lettered in gilt. With the bookplate of Robert Crewe-Milnes, 1st Marquess of Crewe (1858–1945), the Liberal statesman who served as Lord Lieutenant of Ireland, Leader of the House of Lords, Secretary of State for India, and Lord President of the Council. Trivial rubbing and very minor bowing to front cover, light toning to half-title, cloth bright and fresh with contents clean; a superb copy. ¶ Fundaburk 9981; Mattioli 1807; Moggridge A 2.1.1. Robert Skidelsky, John Maynard Keynes: Hopes Betrayed , Viking, 1983. £2,250 [150116] 84 KEYNES, John Maynard. A Treatise on Money. London: Macmillan and Co, Limited, 1930 His most comprehensive work on monetary theory, in the dust jackets First edition, first impression, rare in the jackets. A Treatise on Money was Keynes’s most comprehensive work on monetary theory, anticipating many of the ideas of the General Theory . 2 volumes, octavo. Original blue cloth, spines lettered in gilt, double line rules in gilt to spines continued in blind to front covers. With dust jackets. Numerous tables and diagrams to the text. Contemporary bookplates to pastedowns, and signature to front free endpaper of vol. II, of Keith Steel-Maitland, the son of economist Arthur Steel- Maitland. Fine, fresh copies, in near-fine dust jackets, spine of vol. II with chip at head not affecting text, a few scattered marks to front panel of vol. I; a superb example. ¶ Moggridge A7.1. £7,500 [148113] 85 KEYNES, John Maynard. The General Theory of Employment Interest and Money. London: Macmillan and Co., Limited, 1936 One of the defining books of the century First edition, first impression, in the scarce jacket, of perhaps the most significant economics book of the 20th century. 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 Economics, 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 century. Keynes’s system of controlled capitalism defined much of the 20th century, as it was embraced by the political left and right alike across Western Europe and the United States. Keynes’s theories became the near-undisputed economic orthodoxy of the decades following the war, until the counter-attack of the monetarist and neoliberal schools undermined his hegemony. Octavo. Original blue cloth, spine lettered and ruled in gilt, rules continuing to covers in blind. With dust jacket. Light spotting to edges else a fine copy, in near-fine jacket, the spine panel gently sunned but far less than usual, light soiling, short split at foot of front fold and head of rear fold, very minor shelfwear, small chip at foot of rear panel
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