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Details
MENGER, Carl (1840-1921). Grundsätze der Volkswirthschaftslehre. Vienna: Wilhelm Braumüller, 1871. 8°. (Small ink stain on title, occasional marginal spots). 19th-century half calf, blue lettering-piece (extremities quite rubbed). Provenance: occasional underlining in pencil.
RARE FIRST EDITION OF MENGER'S MASTERPIECE, PRESENTATION COPY, inscribed on title "Herrn Smart vom Verfasser". William Smart (1853-1915) was lecturer on political economy at Glasgow University and the foremost exponent of the Austrian school in England.
"Carl Menger, economic theorist and founder of the Austrian school of marginal analysis, was both the most influential and the least read of the major figures who gave economic theory the shape it preserved from about 1885 to 1935 ... The results of Menger's studies appeared in his Grundsätze der Volkswirthschaftslehre, the work on which his fame mainly rests ... In somewhat copious but always clear language, it provided a more thorough account of the relations between utility, value, and price than is found in any of the works by Jevons and Walras, who at about the same time laid the foundation of the 'marginal revolution' in economics" (Friedrich von Hayek, in IESS). Einaudi 3881.
RARE FIRST EDITION OF MENGER'S MASTERPIECE, PRESENTATION COPY, inscribed on title "Herrn Smart vom Verfasser". William Smart (1853-1915) was lecturer on political economy at Glasgow University and the foremost exponent of the Austrian school in England.
"Carl Menger, economic theorist and founder of the Austrian school of marginal analysis, was both the most influential and the least read of the major figures who gave economic theory the shape it preserved from about 1885 to 1935 ... The results of Menger's studies appeared in his Grundsätze der Volkswirthschaftslehre, the work on which his fame mainly rests ... In somewhat copious but always clear language, it provided a more thorough account of the relations between utility, value, and price than is found in any of the works by Jevons and Walras, who at about the same time laid the foundation of the 'marginal revolution' in economics" (Friedrich von Hayek, in IESS). Einaudi 3881.
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