The General Theory of Employment Interest and Money.

London, Macmillan and Co., 1936.

8vo, pp. [2] advertisements, xii, 403, [1]; a very good copy in the original cloth; corners very slightly bumped, spine ends and joints lightly rubbed; with a complete and a partial autograph letter by the politician, economist, Governor of the Bank of Italy and afterwards second President of the Italian Republic Luigi Einaudi tipped inside the book (dated 1943), the letterhead of one of the two letters cut out and pasted on the front paste-down; an additional letter from writer, poet and MP Arnaldo Frateili to an unknown recipient.


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The General Theory of Employment Interest and Money.

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First edition.

‘Few would dispute today the main thesis of this epoch-making work, or could imagine the furore of disagreement aroused by its first appearance. That national budgets are major instruments in a planned economy, that financial booms and slumps are controllable by governments rather than by “laissez-faire” is now a universally accepted doctrine’ (PMM Catalogue, 609).

This copy was gifted by the economist and statist Luigi Einaudi to one of his secretaries, and accompanied by two letters from Einaudi, inserted in the book – one of them complete with envelope, and the other partly cut with the letterhead ‘Poderi del Senatore Luigi Einaudi – Dogliani’ stuck to the front paste-down.

PMM 423.

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