A Tract on Monetary Reform cover
Classics

A Tract on Monetary Reform

by John Maynard Keynes

About 3 h 30 min of reading26 chapters

A Tract on Monetary Reform, published in 1923 by John Maynard Keynes, is his analysis of the inflations and deflations that shook Europe after the First World War. Keynes shows how changes in the value of money redistribute wealth among investors, businessmen and earners and disturb production, how inflation acts as a hidden tax, and how the quantity theory of money and purchasing power parity explain the foreign exchanges. He then weighs devaluation against deflation and stable prices against stable exchange rates, argues against a hasty return to the gold standard, and proposes a managed currency. It contains his line that in the long run we are all dead. The full text is available to read online in your browser on Vinteuil, and the first chapter is free.

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Yes. A Tract on Monetary Reform by John Maynard Keynes is a public-domain work. Vinteuil offers a carefully prepared digital edition made for comfortable reading on screen.

How long does it take to read A Tract on Monetary Reform?

About 3 h 30 min of reading, at an average reading pace. Your place is saved automatically when you are signed in, so you can read in several sittings and on several devices.

What kind of book is A Tract on Monetary Reform?

A Tract on Monetary Reform by John Maynard Keynes is filed under "Classics" in the Vinteuil library.