ROBBINS, Lionel (intro.); WICKSTEED, Philip Henry.

£150 · Offered by Peter Harrington · No longer available

The Common Sense of Political Economy, First edition thus, first impression, reprinting the 1910 first edition of Wicksteed's Common Sense of Political Economy, with a new introduction by Lionel Robbins and a further 18 of Wicksteed's papers and reviews appended. In his first book (1932), Robbins recognized an "especial indebtedness" to Wicksteed (quoted in Sugden, p. 859). Common Sense is widely regarded as Wicksteed's "magnum opus", a highly original work which seeks to expound "in minute detail the consequences of 'the revolution that has taken place' in economic theory" (New Palgrave).Schumpeter observes that: "Particularly in matters of foundations and of critical elucidation of concepts... [Wicksteed's] ideas were much ahead of his time. The general complexion of his system is Jevonian - he was in fact the only Jevonian theorist of note - but he shook off so many old things that still stuck to Jevons' exposition and added so many corrections and developments - partly under Austrian influence - that he may be said to have worked out something that, though of course a revision of the marginal utility system, was his own" (p. 832).

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