FISHER, Irving.

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Mathematical Investigations in the Theory of Value and Prices. First edition in book form, first printing, presentation copy, inscribed "To Prof. D. van Embden from Irving Fisher" to head of front wrapper, with his ownership initials dated 11.12.25 to front free endpaper. Later ownership inscription on title of economist P. J. Verdorn dated 12.8.1947. Fisher's "startlingly original PhD thesis" (Blaug, p. 78) contained, among other things, the design of a machine to illustrate general equilibrium in a multi-market economy. This work expounds his monetary theories and established his international reputation."Fisher's aim in his Mathematical Investigations was to present a general mathematical model of the determination of value and prices. He claimed to have specified the equations of general economic equilibrium for the case of independent goods... It appears that, although only a student, Fisher had independently developed a theory of general economic equilibrium that was identical to part of Walras's and included the concept of the indifference surface, one of the fundamental bases of modern economic theory" (IESS, V).The work was originally published in Transactions of the Connecticut Academy in 1892.Provenance: David Van Embden (1875-1962) was from 1905 to 1941 professor of economics and statistics at the municipal university of Amsterdam. P. J. Verdorn (b. 1911) studied at the municipal university of Amsterdam, obtaining his Ph.D. at Rotterdam, his thesis supervised by J

• Printing: first

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