WICKSELL, Knut.

£3,000 · Offered by Peter Harrington · No longer available

Über Wert, Kapital und Rente nach den neueren nationalökonomischen Theorien. First edition, presentation copy of Wicksell's first book, inscribed by him on the title: "Assessor C. O. Montan, vänskapsfullt från förf." An analysis of the theory of distribution, the first English translation, Value, Capital, and Rent, was published in 1954. "In Value, Capital, and Rent he performed a remarkable labour of synthesis. He adopted the marginal utility marginal productivity theory of value of Jevons, Menger and Marshall, added it to the Böhm Bawerk analysis of capital, and fused the result in a Walrasian comparative static general equilibrium framework. In this process he became a founder of the marginal productivity (product exhausting) theory of distribution shortly ahead of Wicksteed" (The New Palgrave).

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