ROBERTSON (Sir Dennis Holme).

Essays in Monetary Theory.

First edition. 8vo. ix, [1], 234, [2, publisher’s advertisements] pp. Original blue cloth, spine lettered and ruled in gilt, dust jacket (spotting to edges of text block, thin strip of faint partial offsetting to front free endpaper, otherwise internally clean and unmarked; some light wear to extremities of jacket, small area of surface wear to lower edge of front panel, notwithstanding a really excellent example of the scarce dust jacket). London, P. S. King & Staples Limited, 1940.

£375.00

A collection gathering sixteen of Robertson’s essays, lectures, and reviews, as published in various books and periodicals overs the 1930s, including the controversial ‘Mr Keynes and the Rate of Interest’ in which Robertson attacked Keynes’s ‘liquidity-preference’ theory of the rate of interest, in response to which Keynes introduced his famous ‘finance motive’.

Keynes and Roberston’s theoretical differences contributed to a split between the pair whose close collaboration during the 1920s had resulted in several major works, although none were published under joint authorship. These included Keynes’s Tract on Monetary Reform (1923) and the Treatise on Money (1930), as well as Robertson’s Banking Policy and the Price Level (1926). In 1939, Robertson left Cambridge for a brief stint at the London School of Economics, before reconciling with Keynes whilst working together on the Bretton Woods Agreement, resulting in Robertson’s return to Cambridge in 1944, succeeding A.C. Pigou as Professor of Economics.

With the publisher’s prospectus card, advertisement for F.J. Docker’s book on Foreign Exchange, and original owners receipt for the book loosely inserted.

Stock No.
244334