MENGER, Carl.

Principii fondamantali di Economia. Con prefazione di Maffeo Pantaleoni.

Imola, Cooperativa Tipografica ed. Paolo Galeati, 1909. Large 8vo, pp. xi, [1], 256, [1] errata; contemporary ownership inscription to the title page, evenly lightly browned thoughout; a good copy, fore- and lower edges untrimmed, in later cloth-backed decorated boards, spine ruled and lettered gilt, bookplate to the front pastedown. Scarce second Italian translation of Menger’s Grundsätze der Volkswirtschaftslehre, with a foreword by Maffeo Pantaleoni; the first appeared in Rome in 1907, although without Pantaleoni’s foreword. ‘Carl Menger (1840–1921), 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 … Menger studied law at the universities of Vienna and Prague, following which he entered the press section of the prime minister’s office in Vienna … In that position, apparently as a result of having to write market reports, Menger developed an interest in price theory. In his extensive reading, he found material in the early nineteenth-century German and French economic literature on which to build a fully developed utility analysis …‘The results of Menger’s studies appeared in his Grundsätze der Volkswirtschaftslehre, 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).No copies located by OCLC; not in Cossa, Einaudi or Menger

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