Free digital classic
A Tract on Monetary Reform
- Reading format
- EPUB in Folarin Bookstore Digital
- Language
- en
About this book
Creators: John Maynard Keynes (1883-1946) "A Tract on Monetary Reform" by John Maynard Keynes is a book published in 1923. Writing during post-World War I monetary instability, Keynes argues that countries should prioritize domestic price stability over fixed exchange rates. He critiques the gold standard as a "barbarous relic" and proposes managed monetary policy using interest rates and banking reserves. Rather than freely floating currencies, he advocates for a "crawling peg" system where exchange rates adjust gradually—a middle path between rigid and floating regimes. (This is an automatically generated summary.) Reading Level: Reading ease score: 50.8 (10th to 12th grade). Somewhat difficult to read. Rights: Public domain in the USA. Downloads: 1401