
""Treatise on Money, V1: The Pure Theory of Money"" is a book written by the renowned economist John Maynard Keynes. The book is a detailed exploration of the nature and functions of money, and how it can be used to stabilize the economy. The book is divided into two parts, with the first part focusing on the theory of money and the second part focusing on its application. In the first part of the book, Keynes lays out his theory of money, which is based on the idea that money is not just a medium of exchange, but also a store of value and a unit of account. He explores the role of money in the economy, including how it affects prices, interest rates, and employment. He also discusses the different types of money, such as commodity money, fiat money, and credit money.In the second part of the book, Keynes applies his theory of money to real-world economic issues, such as inflation, deflation,...
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