WALKER, Francis A.

First Lessons in Political Economy.

London: Macmillan and Co, 1890 Stock Code: 120906
£100.00

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Notes

First edition of the American economist's textbook for younger students, aged 15-17, a fitting companion to his hugely successful first textbook, Political Economy (1883), which addressed an older audience.

"Walker's work and influence served as models not only because he discussed production, labor, and wages with unusual clarity for his time, but also because his interest in monetary issues (influenced by his father, also an economist) enabled him to describe the difference between nominal and real values. His clarifications of monetary issues coincided with concurrent national interests in the gold/silver/bimetallism parity controversies of the late 1800s, and the meaning of money for an economy. Walker later wrote a textbook that was used in classrooms till the publication of Alfred Marshall's Principles of Economics. Walker became the first President of the American Economic Association. His professorships at Yale and MIT changed the courses of their economics programs. His leadership abilities were evident in every realm of his life, including his stint as a General during the Civil War. His devotion to economics as a profession paved the way for many generations of US economists" (Landsburg).

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Description

Octavo. Original brown cloth, spine lettered and double ruled in gilt, boards double ruled in blind.

Condition

Spine a little slanted and ends bruised, some discolouration to endpapers, otherwise a very good copy.

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