A Treatise on Money

work by Keynes

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July 14, 2026

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A Treatise on Money (1930) is a significant work by John Maynard Keynes, an influential English economist. In this book, Keynes explored the relationship between money, interest rates, and economic fluctuations. He challenged the traditional quantity theory of money, which posited a direct link between the money supply and price levels. Keynes argued that the connection was weaker and that factors like government fiscal policy and investment played more crucial roles in managing unemployment and economic recessions. His theories laid the groundwork for what became known as Keynesian economics, which emphasizes government intervention to stabilize the economy.1234

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F.A. Hayek
Life and major works
…review of Keynes’s 1930 book, A Treatise on Money, to which Keynes forcefully replied, in the course of which he attacked Hayek’s own recent book, Prices and Production (1931). Both economists were criticized by other economists, and this caused each to rethink his framework. Keynes finished first, publishing in 1936…
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…review of Keynes’s 1930 book, A Treatise on Money, to which Keynes forcefully replied, in the course of which he attacked Hayek’s own recent book, Prices and Production (1931). Both economists were criticized by other economists, and this caused each to rethink his framework. Keynes finished first, publishing in 1936…
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economic stabilizer
Keynes and Wicksell
…up Wicksell’s idea in his Treatise on Money (1930). In Wicksell’s writings, discrepancies between the natural and market rates had invariably been associated with expansion or contraction of bank credit. Keynes emphasized that such discrepancies may develop and continue without expansion or contraction of the money supply, because of speculation…
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…up Wicksell’s idea in his Treatise on Money (1930). In Wicksell’s writings, discrepancies between the natural and market rates had invariably been associated with expansion or contraction of bank credit. Keynes emphasized that such discrepancies may develop and continue without expansion or contraction of the money supply, because of speculation…
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