Économie & Intérêt;
Présentation nouvelle des problèmes fondamentaux relatives au rôle économique du taux de l'intérêt et de leurs solutions.Paris: Imprimerie Nationale, 1947 Stock Code: 126465
On the "golden rule of accumulation"; in the original wrappersFirst 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.
2 volumes, octavo. Original printed paper wrappers.
Shelfmarks to lower spines and front covers hand written in ink. Spines creased with very minor loss to ends, wrappers toned with the occasional chip. Vol. 1: wrapper partly separated along inner hinge at head of spine. Vol. 2: two ink marks to front pastedown and facing endpaper, some creasing to lower corners of text block. Overall a very good set.
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