First edition. Small 8vo. ix, [1], 251, [1] pp. Original blue cloth, spine lettered and ruled in gilt, ruling continued to covers in blind (faint offsetting to endpapers, neat contemporary ownershipn inscription to front free endpaper, contents otherwise unmarked; light shelf wear to tips of spine and corners, a few tiny knocks to edges of boards, still a very good copy overall). London, Macmillan and Co., Limited, 1921.
An expansion of the Pigou’s Economics of Welfare to meet the fundamental challenge to political economy presented by the Great War. Pigou would later rewrite the book on the outset of the Second World War in a revised second edition published in 1940.