The Supply of Gold.
KEYNES John Maynard (1936.)
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Original offprint. 8vo. -418 pp. Original printed wrappers, sewn as issued (faint rust stain from old paper clip to head of rear wrapper, otherwise an excellent copy). London, MacMillan and Co., Limited. Reprinted from "The Economic Journal" September,
The first separate appearance of this review of four items pertaining to rises in the supply of gold from 1935 to 1936, with Keynes discussing the probable effects of gold inflation, suggesting that new gold reserves, such as those in the Soviet Union, were bringing increased effective demand to the world economy that might result in 'abnormal profits'. The article concludes with a wry remark:"The muse of History is ironically disposed. Communist efficiency in the extraction of gold may serve to sustain yet awhile the capitalist system" (p. 418).
Moggridge, E 2.3, E42, E53 & E69.
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