Demand Theory Reconsidered.

£350 · Offered by Maggs Bros Ltd

Inscribed by the author ‘Kind regards O.M.’ in black ink to the front cover. Not identified as such, but from the library of the Nobel Prize winning Cambridge economist Sir Richard Stone. The first separate appearance of Morgenstern’s influential paper on non-additivity in individual demand curves and collective market demand curves, as well as the broader theoretical difficulties posed by game theory to the theory of demands. Morgernstern had initially wished to integrate the article as a note in the Theory of Games and Economic Behaviour (1944), co-authored with mathematician John von Neumann, but they decided to treat the subject in a separate publication.

• Year: 1948

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