Buchbeschreibung

PIGOU, Arthur Cecil.

Wealth and welfare...

London, Macmillan and Co., 1912. 8vo, pp. xxxi, [1], 493, [1] + advertisement leaf; a very clean copy, uncut and largely unopened, as issued in the original publisher’s cloth, spine direct lettered gilt, with the very rare dust-jacket, worn and frayed, with some tape repairs. First edition of one of the most elusive of Pigou’s works. This is the first time we have handled a copy with the dust-jacket. The book ‘established his reputation beyond doubt’ (The New Palgrave), and is ‘the most important of his works ... It was expanded vastly over the next thirty years and, as The Economics of Welfare (1920), played a major part in the education of the Cambridge economists of the 1920s and 1930s, and indeed of economists generally. Those who came to it when it had acquired middle-aged embonpoint would do well to restudy it in its slimmer, more youthful, and more rapidly moving form. Its characteristics are those of the 1905 book [Principles and methods of industrial peace] – beautiful clarity of reasoning and thought; the method of qualitative analysis rather than of statistical argument; the sparing introduction of mathematical argument, and only where necessary to a precise formulation. Above all the early version possessed a beauty of architectural design and construction that was lost as new extensions were added over the years’ (Austin Robinson in IESS).IESS 1912; Mattioli 2845.

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