Banking Policy and the Price Level.
An Essay in the Theory of the Trade Cycle.London, P. S. King & Son, Ltd, 1926 Stock Code: 141897
NotesFirst 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. Original green cloth, spine lettered gilt, front cover blocked in blind.
Spine sunned with slight splits and wear at ends, light foxing at edges and to initial and final leaves; a very good copy.
Blaug, Great Economists before Keynes, p. 205.
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