A Theory of Interest.New York: The Macmillan Company, 1914 Stock Code: 89805
First edition, in which Hoag presents his theory of interest, attempting to solve the dispute between wage earners and capitalists using a language accessible to all. "The keystone of economic theory is the conception of value. Without a correct theory of value it was impossible to work out a correct theory of interest, and without a correct theory of interest it was impossible to work out correct theories of price and of distribution" (preface.)
Octavo (190 x 123 mm). Original red cloth, spine ruled and lettered gilt.
Presentation inscription, "To Herr Professor von Schulze-Gavernitz with the cordial regards of his friend Clarence Gilbert Hoag" dated 9 February 1924 to front free endpaper. In excellent condition.
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