ARROW (Kenneth J.), HARRIS (Theodore). & MARSCHAK (Jacob).

Optimal Inventory Policy.

First separate edition. 8vo. [1], [250]-272 pp. Original grey printed wrappers, stapled as issued (ownership inscription of the economist R.S. Weinberg to front wrapper, spine slightly rubbed, otherwise very good). University of Chicago, Cowles Commission for Research in Economics. Cowles Commission Papers, New Series, No. 44, 1951.

£125.00

The first separate appearance of the Arrow, Harris, and Marschak contribution on optimal inventory policy, also published in the same year in the journal Econometrica, ‘a milestone in a field that, if not neglected, was until then at least patch and unintegrated. To this day it has remained a classic, in many ways a starting point and inspiration’ (Feiwel, Arrow and the Ascent of Modern Economic Theory, p. 109).

Stock No.
234341