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DUPUIT, Arsène-Jules-Emile Juvenal.

La Liberté Commerciale son principe et ses conséquences ...

Paris, Guillaumin et Cie, 1861. 8vo, pp. [iv], 236; ink ownership stamp to the title; some occasional spotting; a very good copy in contemporary quarter morocco and patterned boards, raised bands, direct lettered gilt. First edition in book form. Known to economists as an early expositor of marginal utility theory, of marginal cost pricing, of simple and discriminating monopoly theory, and for his construction of a marginal utility curve, Dupuit (1804–1866) trained as an engineer. ‘Beginning about 1850 Dupuit became increasingly interested in economics [and was] an ardent advocate of laissez-faire. He wrote a vigorous tract La Liberté Commerciale in defense of free trade, which was published in parts in the Revue européenne in 1860 and as a separate volume in 1861. He was a staunch Malthusian, arguing that standards of living were observably higher in areas with low density of population growth and even going so far as to condemn charitable distributions in times of famine on the ground that while the direct objects of charity were helped, such activities, since they would drive up food prices, would be primarily at the expense of the nourishment of the remaining poor classes’ (IESS). See also Manuela Mosca, ‘Jules Dupuit, the French “ingénieurs économistes” and the Société d’Économie Politique’, Studies in the History of French Political Economy, ed. Gilbert Faccarello (Routledge, 1998), p. 268ff.IESS (1860).

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