Theory of Value. An Axiomatic Analysis of Economic Equilibrium.
DEBREU (Gérard).

Theory of Value. An Axiomatic Analysis of Economic Equilibrium.

DEBREU'S "CLASSIC BOOK", COMPLETE WITH THE RARE DUST JACKET

First edition, first printing. 8vo. xii, 114 pp. Original blue cloth, spine and front cover lettered in gilt, dust jacket (internally clean and unmarked; small amount of light creasing to tips of spine panel, in all other respects a very fine, notably bright and clean copy). New York, John Wiley and Sons, Cowles Foundation for Research in Economics at Yale University, Monograph 17, 1959.

£4,500.00

Debreu’s ‘classic book’, complete with an exceptional example of the rare dust jacket, ‘which presents a rigorous yet succinct exposition of the theory of general economic equilibrium, follows a logical and structured direction. Having outlined in the opening chapter the mathematical concepts and results used in the rest of the book, Debreu then discusses the concepts of a commodity and prices, producer behaviour, consumer behaviour, equilibrium, the relationship between equilibrium and Pareto optimality, and uncertainty’ (Vane and Mulhearn, The Nobel Memorial Laureates in Economics, p. 135-136).

Debreu was awarded the 1983 Nobel Memorial Prize in Economics ‘for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium’.

Stock No.
246931
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