First edition. Small 8vo. xii, 212 pp. Original navy blue cloth, spine lettered and ruled in gilt, dust jacket (contemporary ownership inscription of ‘L. Bradbury’ to front free endpaper, neat pencilled marginal highlighting throughout; jacket slightly edge worn and rather age-toned, minor rubbing to head of spine panel, otherwise a very good example of the uncommon jacket). Oxford, At the Clarendon Press, 1942.
In this work, Hicks discussed social accounting, concluding ‘that the measurement of income could mean measurement in terms of utility or measurement in terms of cost, and that the two measures were in general different. The most interesting issue to which this gave rise was the problem of how to treat indirect taxation and government expenditure on goods and services in the valuation of social income’ (New Palgrave).
