8vo, pp. vi, 128 + ; uncut and mostly unopened; margins of preliminary leaves brittle, recently rebound in boards; remains of original printed wrapper pasted down.
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Rent in modern economic theory: an essay in distribution.
First edition of Johnson's doctoral dissertation. This work ‘showed unusual skill in solving problems by the dexterous use of classification. Many thinkers, he said were impressed by economic developments which seemed to foretell a new monopolistic order of society. Actually, competition had simply changed its form. “Competition is less keen” he said “among industrial establishments which create one and the same kind of commodity; but it is far keener than formerly between industrial groups which create, not like commodities, but commodities yielding like amounts of satisfaction, from which the consumer selects according to his estimates of utility and cost”’ (Dorfman).
See Dorfman, The Economic Mind in American Civilization III, 421.
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Anne Robert Jacques and DUPONT de NEMOURS, Pierre Samuel, ed. Oeuvres posthumes ... ou mémoire de M. Turgot, sur les administrations provinciales, mis en parallele avec celui de M. Necker, suivi d’une lettre sur ce plan, & des observations d’un républicain sur ces mémoires; & en général sur le bien qu’on doit attendre de ces administrations dans les monarchies.
First edition, published by Honoré Gabriel Mirabeau. The work was originally drawn up by DuPont de Nemours in 1776 under the title Mémoire sur les municipalités after a draft left by Turgot. The Lettre which begins on page 99 was written by DuPont de Nemours and the Observations (p. 113ff.) by Brissot de Warville. The work was reprinted in 1788.
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This, the second, definitive edition differs from the first (1896) in containing the ‘Souvenirs du Congrès de Lausanne’. The congress on taxation in Lausanne in 1860, at which Walras read a paper, was a climacteric in his career. In the audience was Louis Ruchonnet, who later became chief of the department of education of the Canton de Vaud and, in 1870, founded a chair of political economy at the faculty of law of the University of Lausanne which he offered to Walras. Though students of law were hardly accessible to innovations in mathematical economics, Walras found in Lausanne the peace and security that enabled him to produce his most important work.