4to volume of manuscript lecture notes in ink, ff. [99, including 4 blanks]; well-preserved in contemporary German patterned paper boards, spine with gilt-stamped red paper lettering-piece and ruled in gilt, all edges red; extremities a little worn.
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An unpublished manuscript constituting an important source for the development of Hermann’s progressive economic theories between the two editions of his influential work Staatswirthschaftliche Untersuchungen (Investigations into political economy). First published in 1832, the Untersuchungen established Hermann’s reputation: ‘The book was organized around the simple but appealing idea that all economic variables are the outcome of the forces of demand and supply, so that economic analysis consists essentially of an investigation of the factors lying behind demand and supply ... Together with Rau, Hermann thereby laid the foundations on which Mangoldt and Thünen were soon to build a German brand of classical economics. No wonder Marshall much admired “Hermann’s brilliant genius” and frequently quoted Hermann’s treatise in his own Principles of Economics’ (New Palgrave). Throughout his career Hermann updated and revised the contents of the Untersuchungen, at the end of his life dictating to his son the alterations to the second, enlarged edition, which appeared in 1870.
This manuscript records lectures given by Hermann at Munich University in the summer of 1835 loosely based on, and referring to his Untersuchungen. The notes belonged to Rudolf Dietz (1814-1870), who studied at Heidelberg before moving to Munich. Before him lay a high-flying career as civil servant and advisor to the government of Baden. The lecture notes expand on Hermann’s great work, differing considerably in their organisation and details, and occasionally simply referring the reader to chapters of the printed text.
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