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VOLUME I THE PURE THEORY OF MONEY MACMILLAN AND CO., Ltmjjju LONDON * ilOAIBA\ * CAIOlJfTA * MADRAS Ml' I BOl UNE BY./ OHN MA YN A RD I KEYNE^ ri. 1 1 s ( or i-bok, f aaiakipor IN TWO VOLUMES VOLUME 1 THE PURE THEORY OF MONM MACMILLAN AND CO, LIMITED ST, MARTIN'S STREET, LONDON COPYRIGHT htisl hiiitun l'>JO iUivinUd T9Sd, 19^5 PRINIPD IN GRP AT BRITAIN BF R 5. U. CLARK, TIMIIED, EDINnURGH PREFACE In Books III. and IV. of this Treatise I propose a novel means of approach to the fundamental problems of monetary theory. My object has been to find a method which is useful in describing, not merely the characteristics of static equilibrium, but…