ROBERTSON, Dennis Holme.
Banking Policy and the Price Level.
An Essay in the theory of the trade cycle.
First edition. In Banking policy and the Price level, Robertson developed his earlier theme, first displayed in A Study of Industrial Fluctuation (1915), of the importance of saving and investment as the determinants of the level of economic activity, with the banking systems as the means whereby savings are transferred (or not transferred) into investment. “It is not extravagant to claim this work and not Keynes’s General Theory as the fountainhead of modern macroeconomic dynamics” (Blaug).
Octavo. Publisher’s green cloth, spine lettered gilt, front cover blocked in blind. Ownership inscription dated Spring 1926 to front free endpaper. Front cover with splashmark, small puncture to inner hinge of front cover. Occasional light spotting. A very good copy.
Bibliography: Blaug, Great Economists before Keynes, p. 205.Don't understand our descriptions? Try reading our Glossary