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SCHUMPETER, Joseph Alois.

Das Wesen und der Hauptinhalt der theoretischen Nationalökonomie.

Leipzig, Duncker & Humblot, 1908. 8vo, pp. xxxii, 626; ink ownership inscription to the title; a fine, bright copy, uncut in the original printed wrappers, a little chipped, spine cracked in places, short tear to upper cover and along lower joint, chip to lower cover somewhat inexpertly repaired. Scarce first edition of Schumpeter’s first major work, ‘which was probably conceived during his days as a graduate student and written in Cairo. It was a brilliant statement of general equilbrium theory, making clear both what static theory could explain and what it could not’ (IESS). The work established Schumpeter’s fame as an outstanding figure among the younger Austrian economists.IESS 1908; Mattioli 3300; Swedberg S.001.

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