Papers Relating to Political Economy.London: Published on behalf of the Royal Economic Society by Macmillan and Co., Limited, 1925 Stock Code: 108257
NotesFirst edition, first impression. The three volumes constituting practically all of Edgeworth's work in economic theory. "Edgeworth's contribution to economics left their mark on the theories of monopoly, foreign trade, taxation and production. In production theory, earlier authorities had generally employed the concept of an average product to demonstrate diminishing returns. It was Edgeworth who insisted on the distinction between the average and the marginal product and who understood the significance of the latter in connection with the identification of the maximum position" (Spiegal). "Edgeworth has always been regarded as an exceptionally distinguished 'all-rounder', making major contributions to both economic and statistical theory to a degree that no one else, with the possible exception of Harold Hotelling, has ever approached. Since 1960, however, serious reappraisal of the depth and subtlety of those contributions to each discipline has shown decisively that he was indeed one of the truly great economists of his time, and one of its greatest statisticians" (ODNB). With owner signature to front pastedown in all volumes.
3 volumes, large octavo. Original dark green-blue cloth, two narrowly spaced and two widely spaced rules in blind at top and bottom of front and rear boards continued in gilt to spine, gilt titles to spine.
Ownership signature to front pastedowns. Spines lightly sunned, minor wear and a few closed tears to spine ends and corners, boards slightly scuffed, endpapers browned. A very good set.
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