THE EPITOME OF NEO-CLASSICAL ECONOMICS. MARSHALL, ALFRED. 1842-1924. Principles of Economics. Vo...

THE EPITOME OF NEO-CLASSICAL ECONOMICS. MARSHALL, ALFRED. 1842-1924. Principles of Economics. Vol. I. [all published]. London: Macmillan and Co, 1890. 8vo. Half-title, 2 pp of undated ads at rear, 59 pp publisher's catalogue. Publisher's dark blue cloth, original endpapers, spine lettered and ruled in gilt, rear hinge reinforced, small repaired closed tear to lower margin of half-title. Provenance: Hon. Stanley C. Wisniewski (pencil inscription). A FINE BRIGHT FIRST EDITION OF MARSHALL'S MASTERPIECE, IN THE ORIGINAL CLOTH. The seminal text of Neoclassical economics, effectively reconciling the classical and more modern theories of value by bringing together the principles of supply and demand, marginal utility and costs of production into a coherent whole. One of the few works in the history of economic thought that can claim to contain an original treatment of almost the entire economic theory of its time. '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 ... More than any other economist – with the exception, perhaps, of Pareto – Marshall pointed beyond himself....' (Schumpeter, p 834-840). For further information on this lot please visit Bonhams.com For further information about this lot please visit the lot listing