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McCULLOCH, [John Ramsay, & Rodrigo da Fonseca Magalhães (trans.)]

Principios de economia politica.

Reduzidos a compendio para uso dos estudantes do Institutio Hispano-Luso do Dr. Silveira. Versão do inglez.

London: Impresso por L. Thompson, [1830?] Stock Code: 129611
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Scarce Portuguese translation of the author's first major work

Scarce first edition in Portuguese of the author's first major work, first published in English in 1825. WorldCat and Jisc locate just three copies, at the Biblioteca de Catalunya, British Library, and Baker Library at Harvard.

The translator, Fonseca Magalhães (1787-1858), served in the Peninsular War with the unit of Coimbra students but, implicated in the Gomes Freire conspiracy of 1817, he fled to Pernambuco, and did not return to Portugal until 1822. Thereafter he served in a series of civil servant roles including as an official of the Secretaria de Estado da Justiça in the 1820s. He later became "one of the key figures in the reestablishment of the liberal regime from 1834 and during the Regeneration period" (Trindade, p. 132). Fonseca Magalhães published several short poems and speeches and was also the subject of one of the first daguerrotypes to be made in Portugal. His translation, Principios de economia politica, appears to translate the brief "sketch of the rise and progress of the science" which prefaces McCulloch's work; pages 101 to 107 translate Malthus's commentary on the same.

The first edition of McCulloch's Principles of Economy was expanded from his contribution to the 1824 edition of the Encyclopaedia Britannica, "the first substantive text on political economy to appear in the encyclopaedia" (ODNB). David Ricardo, with whom McCulloch corresponded since he started taking an interest in political economy as a young man, described the article as a "valuable historical sketch" and "clear exposition of all the important principles of the science that you have left nothing for me to wish for" (P. Sraffa and M. H. Dobb (eds.), The Works and Correspondence of David Ricardo, 1951-73, vol. 9, p. 275). The Principles of Economy enjoyed a wave of popularity soon after publication and went through five editions but was supplanted in the late 1840s by John Stuart Mill's work of the same title.

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Octavo. Contemporary pale pink wrappers.


Library label to front cover verso. Wrappers sunned and creased with light wear to extremities, glued at gutters to first and last leaves, contents browned with some brownstain to top edges of quires G-K, else a very good copy.


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