Économie & Intérêt;
Présentation nouvelle des problèmes fondamentaux relatives au rôle économique du taux de l'intérêt et de leurs solutions.
First edition. Economie et Intérêt is Allais’s second major publication, a massive work on capital and interest which has formed the basis for the so-called “golden rule of accumulation”. This states that to maximise real income, the optimum rate of interest should equal the growth rate of the economy. Allais did not publish in English until late in his career and as a result was slow to receive the international recognition that was his due.
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2 volumes, octavo. Original printed paper wrappers, with the wraparound band. Custom cloth solander case.