WALKER, Francis A.


New York: Henry Holt and Company, 1883; [together with] — The Wages Question. A treatise on wages and the wages class. New York: Henry Holt and Company, 1886; [together with] — Political Economy. Third edition, revised and enlarged.

New York: Henry Holt and Company, 1888 Stock Code: 119669
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Inscribed by the "dean" of American economics to his colleague at MIT

Presentation copies, inscribed from the author to the businessman Augustus Lowell, Walker's colleague at MT, with an additional leaflet publication of Walker's lecture on bimetallism laid in. An attractively bound set of three pioneering works by "the most widely known and esteemed American economist of his generation" (The New Palgrave IV, p. 850). Walker was elected President of MIT in 1881, at a time when Augustus Lowell was a trustee and member of the institution's Executive Committee.

"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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3 volumes, octavo. Uniformly bound in contemporary half roan, twin green morocco labels, compartments ruled and decorated in brown and gilt, marbled boards, endpapers, and edges.


Some wear and stripping to leather, otherwise a bright and fresh set in excellent condition.


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