Les Crises périodiques de surproduction.
Tome premier. Les variations périodiques des prix et des revenus. Les théories dominantes [– Tome II. Les mouvements périodiques de la production. Essai d'une théorie].Marcel Rivière, Paris , 1913 Stock Code: 137739
NotesFirst edition of the author's best-known work, one of the earliest statements of the acceleration principle - "an important concept which has been used successfully in explaining investment behaviour as well as cyclical behaviour in a capitalist economy. It will continue to play an important role in macroeconomic models as well as in models of business cycles" (The New Palgrave). "The leitmotif of this book was the acceleration principle of derived demand based on Böhm-Bawerk's theory of roundabout, capitalistic production, according to which changes in the demand for consumer goods bring about accelerated changes in the demand for investment goods. (The 'acceleration principle' was independently rediscovered and so named by J.M. Clark in 1917)" (Blaug, Great Economists before Keynes, p. 1).
2 volumes, octavo (213 x 131 mm). Contemporary dark green quarter calf, spines lettered in gilt, raised bands ruled in gilt and edged in blind, green marbled boards and endpapers, edges sprinkled.
Numerous tables and charts to text.
A few pencilled marginal markers and annotations towards end of vol. 2. Spines sunned, lightly rubbed, contents a little toned due to paper stock. A crisp copy, handsomely bound.
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