SCHMALZ, Theodor Anton Heinrich.

Economie politique, ouvrage traduit de l'allemand ... par Henri Jouffroy ... Revu et annoté sur la traduction, par M. Fritot ... Tome premier [– second].

Paris, Arthus Bertrand, 1826. Two vols, 8vo, pp. [8] advertisements, xix, [1], 341, [1, errata]; [4], 315, [1] errata; small paper fault to p. 269 in vol. one touching one letter, a small wormtrack to the blank margin of half a dozen leaves in vol. two, scattered foxing, severe in places, but generally a good copy, uncut and stitched as issued in the original printed paper wrappers, bookplate to inside covers, spines a little perished, but sewing intact, preserved in a cloth box. First edition in French of this work on the principles of economics, originally published in 1818 as Staatswirtschaftslehre in Briefen an einen teutschen Erbprinzen. Schmalz (1760–1831) has been called ‘the last of the physiocrats’. ‘Though he criticised Adam Smith severely, he was opposed to protective duties. He compared Colbertism to the Ptolemaic, physiocracy to the Copernican system, Smith being the Tycho Brahe holding an intermediate position between the two. The doctrines of Quesnay, he was convinced, would ere long everywhere triumph’ (Palgrave).The final part of the work is a general discussion on the nature of government – what Burke has called ‘the finest problem in legislation, that is, to determine “what the State ought to take upon itself to direct by the public wisdom, and what it ought to leave, with as little interference as possible, to individual exertion”’ (McCulloch).Einaudi 5161; Goldsmiths’ 24808; Kress C.1775; McCulloch, p. 24; Palgrave III, 363.

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• Antiquariat: Bernard Quaritch Ltd. (GREAT BRITAIN)