First edition. 8vo. xi, [1], 326, [2, publisher’s advertisements] pp. Original blue cloth, spine lettered in gilt, dust jacket (offsetting to endpapers, contents otherwise unmarked; the cloth show some light shelf wear to tips of spine and corners; jacket price clipped and slightly worn with a few tiny nicks to extremities, spine panel faintly toned and only slightly scuffed, notwithstanding a really excellent example of the scarce dust jacket). London, Macmillan and Co., Limited, 1935.
‘A simplified textbook’ examining the workings of a fully employed economy under stationary state conditions, written ‘as a follow-up to his Theory of Unemployment, in which he made use solely of statics, to great acclaim’ (Kumekawa, The First Serious Optimist: A.C. Pigou and the Birth of Welfare Economics, p. 147). The book was described by Schumpeter as a ‘crowning achievement’.
