KEYNES, John Maynard (1883-1946). A Treatise on Money. London: Macmillan and Co., 1930.

8vo. Original publisher’s blue cloth, lettered in gilt (a few faint dampstains on block edges not affecting internal margins, front hinge of Vol. I slightly shaken); printed dust jackets (some chipping to ends of spine panel and corners, spine panels slightly darkened); cloth slipcase. Provenance: H. T. Engstrom (signature on front flyleaf of Vol. I, see below).

FIRST EDITION. A Treatise on Money is Keynes's first attempt, following the 1929 crash, at explaining the vagaries of the trade cycle, and outlining new methods for controlling booms and busts. “He subjected the definitions and theories of the classical school of economists to a penetrating scrutiny and found them seriously inadequate and inaccurate” (PMM).

Howard T. Engstrom (1913-1962) was a Yale University mathematics professor and headed research operations at the United States Navy's Communication Supplementary Activities CSAW during World War II. Along with William Norris and others he founded Engineering Research Associates in 1946. He was one of the co-creators of the UNIVAC computer, and served as deputy director of the National Security Agency. Moggridge A7.1; see PMM 423.

KEYNES, John Maynard (1883-1946). A Treatise on Money. London: Macmillan and Co., 1930.