9 of 11 people found the following review helpful
An important classic,
Amazon Verified Purchase(What is this?)
This review is from: The Theory of Money and Credit (Paperback)For many years after the publication of Keynes's General Theory, previous work in the areas of monetary theory and macro-economics was largely ignored. Perhaps inevitably, it has only been since the disadvantages of excessive concentration on fiscal policy to manage the economy have become manifest that alternative approaches have returned to favour. In its insistence that there is no simple solution to a slump caused by the puncturing of a credit boom, this book could hardly be more timely, despite dating back almost a century.