Mathematical Investigations in the Theory of Value and Prices.
[From Transactions of the Connecticut Academy, Vol. IX, July 1892.]New Haven: Connecticut Academy, 1892 Stock Code: 133723
NotesOriginal offprint of Fisher's "startlingly original PhD thesis" (Blaug) which contained, among other things, the design of a machine to illustrate general equilbrium in a multi-market economy. This work expounds his monetary theories and established his international reputation. According to the current owner, this copy was acquired from the library of Richard Lieben, co-author with Rudolf Auspitz of the 1889 Untersuchungen über die Theorie des Preises.
"Fisher's aim in his Mathematical Investigations, was to present a general mathematical model of the determination of value and prices. He claimed to have specified the equations of general economic equilibrium for the case of independent goods (chapter 4, sec. 10), although the only mathematical economist whose work he had consulted was Jevons. With commendable honesty he recognizes the priority of Walras's Eléments d'économie politique pure (1874) as far as the equations of the general equilibrium are concerned and likewise the priority of Edgeworth's Mathematical Psychics (1881) as regards the concept of utility surfaces. It appears that, although only a student, Fisher had independently developed a theory of general economic equilibrium that was identical to part of Walras's and included the concept of the indifference surface, one of the fundamental bases of modern economic theory" (IESS V, pp. 476-7).
Octavo (208 x 139 mm), pp. 124. Original printed green wrappers, front wrapper lettered in black.
Printed "Compliments of the Author" slip tipped in before title. Unrelated advertisement relating to the 64th gathering of the German natural scientist and doctor's association of Halle tipped in at the end of the volume.
Rear wrapper missing, replaced with a wrap around sheet of brown card extending round the spine and onto the front wrapper. Front wrapper separated with a few small chips. 5 leaves cropped at the foot affecting the last line or two of text, in four cases with the cut off text tipped back on and folded inside the bookblock, in the fifth case shaving the text, but sense recoverable.
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