VON NEUMANN, John, & Oskar Morgenstern.

Theory of Games and Economic Behavior.

Princeton: Princeton University Press, 1944 Stock Code: 148109
£12,500.00
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The foundation of Game Theory

First edition, first printing, retaining the scarce jacket, of this seminal work, the founding text of game theory, "which contained a radical reconceptualization of the basic problems of competition and collaboration as a game of strategy among several agents, as well as an important novel approach in utility theory" (The New Palgrave).

"Had it merely called to our attention the existence and exact nature of certain fundamental gaps in economic theory, the Theory of Games and Economic Behavior... would have been a book of outstanding importance. But it does more than that. It is essentially constructive: where existing theory is considered to be inadequate, the authors put in its place a highly novel analytical apparatus designed to cope with the problem. It would be doing the authors an injustice to say that theirs is a contribution to economics only. The scope of the book is much broader. The techniques applied by the authors in tackling economic problems are of sufficient generality to be valid in political science, sociology, or even military strategy. The applicability to games proper (chess and poker) is obvious from the title. Moreover, the book is of considerable interest from a purely mathematical point of view... The appearance of a book of the caliber of the Theory of Games is indeed a rare event" (World of Mathematics, II, pp. 1267-1284).

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Description

Octavo. Original cream cloth, spine lettered in gilt on a dark red panel, top edge red. With dust jacket. Housed in a custom red quarter morocco solander box.

Illustrations

List of corrigenda printed on thin paper loosely inserted as issued.

Condition

Ownership signature to front free endpaper. Light crease at bottom corner of a few pages, else a fine copy, in very good jacket, spine panel lightly sunned, gentle toning, expert restoration at extremities, price intact.

Bibliography

Books that Made Europe, p. 336.

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