MONETARY POLICY AND ECONOMIC STABILISATION: A Study of the Gold Standard.

- Octavo, maroon cloth titled in gilt on the spine. The binding is rubbed & bumped with the extremities spotted. xiii & 288 pages. There is very light staining & foxing to the pastedowns & endpapers, else the contents are very good. First edition.Laid into this work about economic instability and the gold standard is a four-page autograph letter signed from Gayer to economist Michael Heilperin, who was in favor of an international gold standard . The letter, dated November 14, 1935 is written on Gayer's personalized letterhead and is signed "Archie Gayer". The letter contains interesting content on the two men's current work and also refers to economist and Nobel Peace prize-winner Norman Angell: "At the last meeting of the Pol. Econ. Club Angell gave a paper & came out in favour of the 100-per-cent reserve plan though he'd use[d] it in pursuit of a different objective than Fisher - not stable retail prices, but stable money incomes". The letter was written during Roosevelt's first term and refers to the upcoming 1936 elections.…