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(WICKSTEED, Philip Henry.)

A unique and significant collection of material relating to the publication of Wicksteed's Essay on the Co-ordination of the Laws of Distribution, from the library of Jacob Viner.

[Comprising:] WICKSTEED, Philip Henry. Essay on the Co-ordination of the Laws of Distribution. London: Macmillan & Co., 1894; [with] WALRAS, Léon. Notes sur la Réfutation de la Théorie Anglaise du fermage de M. Wicksteed. Lausanne: Imprimerie Ch. Viret-Genton, 1896; [with] PARETO, Vilfredo. La Courbe de la Répartition de la Richesse. Lausanne: Imprimerie Ch. Viret-Genton, 1896; [and] BARONE, Enrico. New Light on an Old Quarrel. Barone's unpublished review of Wicksteed's Essay on the Coordination of the Laws of Distribution and Related Documents. Edited by William Jaffé. Genève: Librairie Droz, 1964.

1894-1964 Stock Code: 125802
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A unique and significant collection of material relating to the publication of Wicksteed's Essay on the Co-ordination of the Laws of Distribution, including a first edition of that same title; with an excellent association, being from the library of the Canadian economist Jacob Viner, one of the leading figures of the early Chicago School of Economics. The collection includes the corrected second issue of the first edition of Wicksteed's Essay, with numerous printed and manuscript corrections to the text. The Essay is accompanied by three of the four major critical responses which it evoked, by Walras, Pareto, and Barone - the latter an editorial presentation copy inscribed to Viner from Jaffé - as well as two autograph notes initialled by Viner, with his comments.
Wicksteed's Essay is one of the major original contributions to marginal analysis, clarifying the issue of extending the marginal theory of intensive rent into a more general theory of distribution. A student and follower of W. S. Jevons, "Wicksteed's originality lay in his integration of the theory of value of resources he asserted that if in the production of any given amount of a good each resource is paid the value of its marginal product, the total of the payments will be equal to the market value of that amount of the good" (IESS). According to Stigler, Wicksteed was "much more thorough and consistent than Jevons. He extended marginal analysis to all parts of man's rational life and in the Essay he gave the first detailed and reasonably satisfactory statement of the general marginal productivity theory" (see Stigler, Production and Distribution Theories, 1941).

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Together 6 items. Wicksteed: octavo, pp. 56. Unbound in sheets, contemporary brown paper wrappers, with manuscript title, "Co-ordination of the Laws of Distribution, corrected copy", in Wicksteed's hand to loose leaf, with 3 diagrams on 1 folding sheet laid in. Walras: quarto, pp. 11, [1]; printed in and physically extracted from Recueil publié par la Faculté de Droit a l'occasion de l'exposition Nationale Suisse. Genève: 1896. Original printed front wrapper from Recueil. Pareto: quarto, pp. 371-87, [1]; printed in and physically extracted from Recueil publié par la Faculté de Droit à l'occasion de l'exposition National Suisse. Genève: 1896. Unbound in sheets. Barone: octavo, pp. [61]-102; offprinted from Cahiers Vilfredo Pareto. Revue Européenne d'histoire des sciences sociales, 3: 1964. Original green wrappers. With 2 autograph notes from Viner laid in; all housed in a custom made chemise and grey cloth flat-back box.


Overall well-preserved copies of fragile publications, the wrappers chipped and a little rubbed, contents lightly browned. Wicksteed: some loss to edges of manuscript title leaf, some offsetting. Walras: cover marked, sometime cropped and mounted for preservation to single sheet of thick paper, the first gathering guarded at the gutter using the same thick paper, the second gathering retaining its original fold, some dampstain to gutters, a few neat pencil annotations to text. Pareto: some staining to extremities. Barone: wrappers very slightly faded at spine, faint imprint from paperclip to front cover and subsequent two leaves, and a few spots of browning to p. 61.


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