American ‘New School’
PATTEN, Simon Nelson.
The principles of political economy; being a reexamination of certain fundamental principles of economic science. Philadelphia, Lippincott, 1885.
8vo, pp. 244; a very good, clean copy in publisher’s blindstamped brown cloth, spine gilt, slightly rubbed; library bookplate to front pastedown and embossed stamp to title-page.
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The principles of political economy; being a reexamination of certain fundamental principles of economic science.
First edition. Patten was one of a group of ‘new school’ American economists who had gained their doctorates in Germany, and subscribed to the German Historical School by rejecting classical Ricardian and Malthusian theories of rent, wages and population. Here Patten addresses each of these subjects to build his attack on free trade, arguing for strong protectionism in the case of food production. Patten was ‘one of the most original and idiosyncratic American economists of his generation … author of a series of unusual, even eccentric books that challenged, provoked and sometimes baffled his professional peers’ (New Palgrave).
Sraffa 4570.