[FORBONNAIS, François Véron Duverger de].

Élémens du commerce. Première [– seconde] partie.

Leiden and Paris, Briasson, David the elder, Le Breton, and Durand, 1754. Two vols, 12mo, pp. [vi],400 + errata leaf; [ii], 276; a fine, crisp copy in contemporary mottled calf, a few minor scrapes, bookplate sometime removed, spines gilt in compartments, with contrasting gilt lettering- and numbering-pieces. Scarce first edition, a nice set. One of Forbonnais’ major works, the Éléments du commerce ‘has the distinction of being the first French work on economics using mathematical argument. This is his analysis of equilibrium conditions with respect to the rates of exchange between more than two countries and in situations of bimetallism where there are differences in the price ratios of gold and silver’ (The New Palgrave).Carpenter XVII (1); Einaudi 1922; Goldsmiths’ 8923; Higgs 747; INED 4423; Kress 5347; Mattioli 1302; see Theocharis, Early Developments in Mathematical Economics (1983), pp. 56–7.

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