WIESER (Friedrich von).

Natural Value. Edited with a Preface and Analysis By William Smart. The translation by Christian A. Malloch.

A CLASSIC OF THE AUSTRIAN SCHOOL, ONE OF WIESER’S MOST IMPORTANT EARLY WORKS.

First edition in English. 8vo (228 x 150mm). xlv, [1], 243, [1], pp. Original brick red pebble grain cloth, spine lettered and ruled in gilt, boards with triple blind filet borders, black coated endpapers (extremities very gently rubbed, otherwise a very fine copy). London, Macmillan and Co, 1893.

£700.00

Originally published in 1889, one of Wieser’s most important early works, further outlining his theories of marginal utility, alternative cost and imputation as initially expressed in his first book, Über den Ursprung und die Hauptgesetze des wirtschaftlichen Werthes (1884). In Natural Value, Wieser “employed the expository device of studying value in a centrally directed economy and suggested possible applications of utility theory to public finance. The book gained him almost immediate acclaim, and it was soon translated into English” (Friederich von Hayek in IESS).

Stock No.
235130