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Keynes' classic work explores the intricate relationship between unemployment, money, and prices, originally published in 1930 as two volumes. This reprint combines both volumes into a single edition, preserving the original's format. A key concept discussed is the impact of high interest rates on savings and investments, leading to increased unemployment. Keynes argues that when savings outpace investments, it hampers spending, ultimately affecting employers' profitability. This foundational text remains significant in economic theory.
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A Treatise on Money, John Maynard Keynes
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- 2011
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