Principles of Economics - First, General Part

"Ranks with Smith's Wealth of Nations, Ricardo's Principles, Marx's Capital, Marshall's Principles, and Keynes' General Theory, as one of the six most important books ever written in its influence upon the development of modern economic theory. Menger's influence was not, however, confined to theoretical economics. The Austrian School of which he was the founder, was a fountainhead of classical liberalism in the European continent. The ideas of the school and its founder are, therefore, relevant to the modern debate between socialism and liberalism. Since many of the staunchest modern advocates of laissez faire, such as L.M. Mises and F.A.V. Hayek, find their intellectual roots in Menger's Principles, the translation of his work is of interest to those concerned about the relations between government and business as well as to economic theorists." - dust jacket. The long overdue first English edition of the 1871 German first edition. Menger [1840-1921] "attacked the half-decayed fabric of economics and is to be ranked among those who have torn down the structure of a science and placed it upon entirely new foundations." - Joseph Schumpeter. "Menger's Principles are the best introduction to the understanding of the theory of value which we possess." - F.A. Hayek. Former library copy with usual markings and moderate wear to original black cloth lettered in silver. Above-average wear to undulating dust jacket which is patched on spine and now preserved in archival-grade Brodart. A sound copy of this economic tour de force. Fundaburk 9739, Hutchinson 347, Hazlitt p.115, Blaug p.160-162, Pressman p.89-94.; 8vo - over 7¾" - 9¾" tall; Economics, Carl Menger, Marginalist Revolution, Value Theory, Austrian School, Marginal Utility Theory, Price Theory, Marginal Utility.…