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Seller's Description:
Very Good. First American edition. Bound in marbled boards, spine rebacked in modern leather. Burgundy Moroccan leather spine label. Clean, unmarked pages. Marginal browning to pages. Internally very good. The first English edition was printed by John Murray in 1820, this is the 1st American edition printed in 1821 in Boston.J.M. Keynes "argued that Malthus's theory of effective demand provided a scientific explanation of unemployment, and that the hundred-year domination of Ricardo over Malthus had been a disaster for the progress of economics. Keynes believed that if economics had followed Malthus...the world would be a much wiser and richer place" (ODNB). The last chapter of the book was devoted to rebutting Say's law, and argued that the economy could stagnate with a lack of "effectual demand". In other words, wages if less than the total costs of production cannot purchase the total output of industry, causing prices to fall; price falls decrease incentives to invest, creating a downward spiral. Refs for 1st English ed: Goldsmiths 22767; Kress C577. Early signature of E.W. Paige, Schenectady, NY and his book plate on front paste down. Eugene W. Paige (1852-1919) served in the New York legislature in the 19th century.
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Seller's Description:
First American edition of this landmark work in political economy. Octavo, bound in three quarters leather over marbled boards, black leather morocco spine label. In near fine condition. In his Principle of Political Economy, Malthus was proposing investment in public works and private luxury as a means of increasing effective demand, and hence as a palliative to economic distress. The nation, he thought, must balance the power to produce and the will to consume" (DSB).
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Seller's Description:
First edition of this classic work regarding nature of labor, demand and profit. Octavo, original boards, retaining the original paper spine label. In very good condition. Ownership inscription from the African Society and stamp to the title page. Rare in the original boards. "There can be no doubt that [Malthus'] importance for economists today rests mainly on his Principles of Political Economy. It was because of this latter work that J. M. Keynes (1933) reinstated Malthus as a major figure in modern economic thought" (New Palgrave). "In his 'Principles of Political Economy', Malthus was proposing investment in public work and private luxury as a means of increasing effective demand, and hence as a palliative to economic distress. The nation, he thought, must balance the power to produce and the will to consume" (DSB). "The Principles had only a limited impact at the time, and was severely criticized by J. R. McCulloch and Ricardo; the latter prepared extensive critical notes. But more recently it has received greater recognition, largely as a result of the comments by J. M. Keynes in the 1930s. Keynes argued that Malthus's theory of effective demand provided a scientific explanation of unemployment, and that the hundred-year domination of Ricardo over Malthus had been a disaster for the progress of economics. Keynes believed that if economics had followed Malthus instead of being constrained by Ricardo in an artificial groove, the world would be a much wiser and richer place" (ODNB).
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Seller's Description:
Rare first edition of Malthus' classic work. Octavo, bound in full diced morocco, raised bands, gilt titles and tooling to the spine, front and rear panels, marbled endpapers. In near fine condition. An exceptional presentation. Thomas Malthus was an English economist, known for his work in the fields of political economics and demography. His theory that prosperity and production lead not to utopia, but to population growth and thereby back to social imbalance, known as the "Malthusian trap", was expounded in his Essay on the Principle of Population (1789), one of his most notable and debated works. His Principles of Political Economy was written as a polemic against David Ricardo's On the Principles of Political Economy and Taxation and Say's Law, arguing that demand did not grow simultaneously with supply, but that they should be analyzed independent of each other, expounding ideas which became influential on Keynsian economics. Both these works were divisive, incurring backlash and support amongst notable economists. The bleak message of his Principle of Population rendered Malthus a notorious figure: Ebenezer Scrooge from A Christmas Carol, for example, justifies his refusal to give charity as a Malthusian attempt to control the population.
