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(ROBBINS, Lionel.) DOUGLAS, Paul H.

The Theory of Wages.

New York, The Macmillan Company, 1934 Stock Code: 140347
£225.00
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Notes

First edition, first printing, the copy of the British economist Lionel Robbins, with his ownership signature to the front free endpaper, and a few minor pencilled marginalia. A nice association - Robbins, along with Keynes, was the leading British economist of the inter-war period; at the London School of Economics, he "dominated the economics department for thirty years and built it up to its pre-eminent position in British economics" (ODNB).
The Theory of Wages won the Hart, Schaffner, and Marx international prize in 1927 whilst still in manuscript, and was heavily revised before publication here. Responsible, together with Charles W. Cobb, for the famous Cobb-Douglas production function, Douglas was "a pioneer econometrician whose work had as its starting point the marginal productivity of his teacher John Bates Clark... His work at Chicago as a teacher enabled him to organise research projects designed to test the marginal productivity theory of distribution. The Theory of Wages contains his main contribution to this field" (Who's Who in Economics).

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Description

Octavo. Original red cloth, spine lettered in gilt.

Illustrations

With numerous charts and a folding table.

Condition

Spine and extremities sunned and a little worn, else very good.

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