Histoire Critique des Théories de l'Intérêt du Capital.
Traduit sur la deuxième édition par Joseph Bernard.
Paris, V. Giard & e. Brière, 1902-1903 Stock Code: 139981
Notes
First edition in French of Geschichte und Kritik der Kapitalzins-Theorien (1884, this taken from the second German edition of 1900), "an exhaustive survey of the alternative treatments of the phenomenon of interest: use theories, productivity theories, abstinence theories, and many more. Most significant in this early work is his devastating critique of the exploitation theory, as embraced by Karl Marx and his forerunners: capitalists do not exploit workers; rather, they accommodate workers by providing them with income well in advance of the revenue from the output they helped to produce" (Roger W. Garrison, in Randall G. Holcombe, The Great Austrian Economists, p. 114). Mises described Capital and Interest, the magnum opus of which this was the first part, as "the most eminent contribution to modern economic theory" (ibid., p. 114).Description
2 volumes, octavo (226 x 137 mm). Original wrappers bound into late 20th-century black half morocco, spines lettered and richly blocked in gilt, imitation snake leather sides, orange endpapers, top edge pink.
Condition
Lisbon bookseller's ticket to front free endpapers, French bookseller's overstamp to front wrappers. Light bumping to tips, contents with some light toning and occasional pencilled markings. A very good copy.
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