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Principles of Economics. Vol. I. Second Edition.

London and New York: Macmillan and Co., 1891 Stock Code: 132394
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Second edition, one of 3,000 copies, from the library of L. J. Rowell of Iowa City, with his ownership inscription to the front free endpaper verso.

Principles of Economics is a classic and the first full exposition of Marshall's theoretical position. Keynes described its publication as inaugurating "the modern age of British economics" (Economic Journal, 1940). 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than any other economistwith the exception, perhaps, of ParetoMarshall pointed beyond himself Naturally his work is out of date. But there is in it a living spring that prevents it from becoming stale" (History of Economic Thought, pp. 834, 840). Marshall maintained for twenty years that this would be followed by a companion volume covering foreign trade, money, trade fluctuations, taxation, collectivism and more, but none was ever published. Running to 770 text pages in this edition, with a hefty text block that places strain on its case, the book is rare in the original cloth.

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Octavo. Original blue cloth, spine lettered and ruled in gilt, ruling continued to boards in blind, dark green endpapers.


A very fresh copy.


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