ADVOCACY OF PRIVATE PROPERTY AND FREE TRADE

Staatswirtschaft oder systematische Abhandlung aller oekonomischen und Cameralwissenschaften, die zur Regierung eines Landes erfordert werden, in zwei Theilen ausgefertiget.

Leipzig, Bernhard Christoph Breitkopf, 1755.

Two vols, 8vo, pp. I: [12], lii, 535, [1], II: 710, [62]; woodcut and typographic ornaments and initials; an exceptionally fresh copy, unsophisticated in contemporary German calf, spines gilt in compartments with contrasting coloured paper lettering-pieces, edges marbled in blue; some light rubbing, corners minimally bumped.

£2750

Approximately:
US $3338€3253

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Staatswirtschaft oder systematische Abhandlung aller oekonomischen und Cameralwissenschaften, die zur Regierung eines Landes erfordert werden, in zwei Theilen ausgefertiget.

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First edition of this fundamental work in the understanding of market economies. Justi was a German political and economic thinker, usually described as an exponent of Cameralism; his background was the power struggle of the Seven Years War, and his drive was a need to create a modern, commercial configuration for a contemporary monarchy.

The present work, his chief opus, has recently been acknowledged as a ground-breaking step forward in understanding of the role of interests and of the self-regulating elements of a market economy. Justi asserts that only a full recognition of the inviolability of private property could set a country on course for economic success. In line with Montesquieu, he rejects despotism as a form of government, arguing that such a model weakens a country, and proposes a radically modernized monarchy with freedom of trade, internal and external, at its core. He promotes a low rate of interest as a route to economic welfare, analyzing the impact of credit and money surrogates on the economy as key instruments in facilitating credit for capital investments.

Reinert & Reinert, Justi 17.

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