MALTHUS'S RESPONSE TO RICARDO AND TWO RARE APPEARANCES. MALTHUS, THOMAS ROBERT. 1766-1834. Princ...

MALTHUS'S RESPONSE TO RICARDO AND TWO RARE APPEARANCES. MALTHUS, THOMAS ROBERT. 1766-1834. Principles of Political Economy considered with a View to their Practical Application. London: John Murray, 1820. 8vo (214 x 133 mm). Without half-title, no ads at rear. Recent calf-backed marbled paper boards, gilt, red morocco title label. Custom cloth folding case. Provenance: Hon Stanley C. Wisniewski (pencil inscription) in each volume in this lot. FIRST EDITION of Malthus's important response to Ricardo's 1817 Principles, the last life-published volley in their decades long debate that would shape modern economic thought. In it, Malthus proposes 'investment in public work and private luxury as a means of increasing effective demand and hence as a palliative to economic distress. The nation, he thought, must balance the power to produce and the will to consume' (DSB). More than 100 years later, Malthus's work would find a new champion in John Maynard Keynes. Ricardo did write a response to Malthus's Principles, but elected not to publish it, and instead circulated it in manuscript to both Malthus and their friends. When Ricardo died in 1823, the manuscript was lost until discovered by Ricardo's great grandson in a family country house he was refurbishing. It was published in 1928 as Notes on Mr. Malthus' work 'Principles...'. Goldsmith 22767; Kress C-577; Tomash & Williams M28. WITH: 'On the Measure of the Conditions Necessary to Supply of Commodities,' extracted from: Transactions of the Royal Society of Literature..., Vol 1, Part I, pp 171-180. London: John Murray, 1827. AND WITH: 'On the Money Value Which Is Most Usually and Most Correctly Attached to the Term 'Value of a Commodity,'' extracted from: Transactions of the Royal Society of Literature..., Vol 1, Part II, pp 74-81. 2 volumes. 4to. With general title page for Transactions in each volume. Recent morocco backed marbled paper boards, printed title label to upper covers, together in custom cloth folding case. TWO RARE MALTHUS EXTRACTS FROM THE TRANSACTIONS OF THE ROYAL SOCIETY, together an indirect proof of his arguments on labor and his 'Theory of Value,' including the last piece of original writing (1827) published in his lifetime. For further information on this lot please visit Bonhams.com For further information about this lot please visit the lot listing