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MARSHALL, Alfred.

Principles of Economics.

Vol. I [all published].

London and New York, Macmillan and Co. 1890 Stock Code: 140216
£8,250.00

In the original cloth

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Notes

First edition of an economic classic, the first full exposition of Marshall's theoretical position. Keynes described its publication as inaugurating "the modern age of British economics" (Economic Journal, 1940). Though Marshall maintained for 20 years that this would be followed by a companion volume, none was ever published. Running to 750 text pages with a hefty book block, it is rare in the original cloth.
Schumpeter writes that "Marshall's great work is the classical achievement of the period, that is, the work that embodies more perfectly than any other, the classical situation that emerged around 1900 Behind the great achievement there is a still greater message. More than any other economist - with the exception, perhaps, of Pareto - Marshall pointed beyond himself Naturally his work is out of date. But there is in it a living spring that prevents it from becoming stale" (pp. 834, 840).

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Description

Octavo. Original blue-green cloth, three-line rules blind stamped to head and tail of boards continued in gilt to spine, titles to spine gilt, green endpapers. With 2-page Macmillan adverts at end. Housed in a green custom-made cloth box, leather label to spine.

Condition

Ownership inscription dated 1929 to free endpaper verso, with errata corrected in pencil, and with the occasional pencil marginal note, one or two in ink. Professionally recased, joints (two short splits) and front inner hinge discreetly repaired; spine ends bumped, corners rubbed, small puncture at head of spine, occasional light spotting. Overall a very good copy.

Bibliography

Batson, p. 146; Einaudi 3736; Mattioli 2256.

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