8vo. Original blue cloth, gilt-lettered spine (rubbing, very minor dampstaining along edges, sunning to spine).

FIRST EDITION. The General Theory of Employment, Interest and Money was published in February 1936 - seven years into the Great Depression - and signaled an almost immediate shift in economic thought. It is credited with introducing the concepts of consumption function and the principle of effective demand. Many of these theories continue to play a central role in the workings of today's economy. PMM 423.