Nouveaux principes d'économie politique.
Ou de la richesse dans ses rapports avec la population.Paris: Delaunay, Treuttel et Wurtz, 1819 Stock Code: 141958
First edition of the author's principal work on economics, his theory of equilibrium income and a counter-argument to Say's Law that there are no limits to production.
"According to Sismondi, the utility of output was balanced against the disutility of work, whether by Robinson Crusoe on an island or by a complex society. But, with different people doing partial balancing in isolation from one another in a complex economy, the aggregate balance was not always continuously assured. Whenever the disutility of labour exceeded the utility of output in a given time period, subsequent time periods would see a decline in aggregate output until the balance was restored. Conversely, when the utility of of output exceeded that of labour, output would tend to rise" (The New Palgrave, 1987, p. 349). A lovely copy, largely unread in the original wrappers.
two volumes, octavo (215 x 137 mm). Origial marbled paper wrapper, printed paper spine labels, preserved in a custom-made cloth box, printed paper label to spine.
2 pages of publisher's advertisements at the end of volume two.
Front joint of volume one partly split, sewing still very firm. Spines and part of front wrapper to volume two faded, upper outer corner of front wrappers to volume one torn away, spine ends rubbed and the labels somewhat abraded, especially to volume two; coners a little dogeared in places but an excellent set, uncut and largely unopened.
Einaudi 5306; Goldsmiths' 22334; Kress C.427; Mattioli 3388.
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