"THE FIRST SYSTEMATIC TREATISE ON ECONOMICS BY A SPANIARD"

Cours Éclectique d'Économique Politique...

Paris, Treuttel et Wurtz, 1833.

3 vols., 8vo., pp. [6], xxiv, 424; [6], 427, [1] blank; [6], 417, [1]; an attractive copy, mild sporadic foxing else very good, in contemporary quarter calf and marbled boards, spine gilt ruled and decorated with gilt lettered black morocco labels, corners lightly bumped.

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First French translation of a work work which has been described as "the first systematic treatise on economics written by a Spaniard" (Germán Bernácer in ESS). It was first published in Spanish in 1828

Exiled to England from Spain upon the restoration of Fernando VIII's absolute rule in 1823, having initially served as a government offical and later chief justice of Seville, Flórez-Estrada (1765-1854), spent much time writing. This, his principal work, was "based principally upon the theories of Adam Smith and the English economists contemporary with Flórez Estrada. Although he defended commercial freedom and advocated the abolition of customs duties he admitted the expediency of export duties in certain cases. He supported Malthus' theory of population and Ricardo's theory of rent. His most original doctrine was that private ownership of land was an unjust privilege to which should be ascribed 'the labourer's failure to obtain the entire fruit of his labor.' Anticipating John Stuart Mill and Henry George, he was one of the first to defend on economic grounds the common right to land... Flórez Estrada's analysis of taxes and their effects, especially those that fall upon land, is one of the most interesting parts of his work. He considered that a tax on rent is the most just and convenient tax but he did not favor making it the sole one, nor did he advocate direct taxes exclusively... Flórez Estrada had considerable influence upon the development of the science of economics in Spain. His works were published in many editions and translations and won the respect of his contemporaries" (ibid).

Blanqui, in his History of political economy in Europe, calls this work "one of the most remarkable treatises that have been published since that of J.B. Say", and describes the method of Flórez Estrada as similar to that of "the celebrated Russian economist Henri Storch" (p.492).

Einaudi 1908; Goldsmiths' 27844; Kress C.3485.

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