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: 140616
NotesFirst edition, presentation copy to the British economist Lionel Robbins, inscribed by the author on the title page of volume I: "A monsieur le professeur Robbins en bien candid Hommage M Allais". An excellent economics provenance: Robbins, along with Keynes, was the leading British economist during the inter-war period; at the London School of Economics, he "dominated the economics department for thirty years and built it up to its pre-eminent position in British economics" (ODNB).
Économie et Intérêt was 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 (231 x 152 mm). Late 20th-century green cloth, red morocco label, original wrappers bound in.
Binding in fine condition, restoration at wrapper extremities,
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