Principles Of Political Economy. From The Thirteenth (1877) German Edition. With Additional Chapters Furnished By The Author, For This First English And American Edition, On Paper Money, International Trade, And The Protective System; And A Preliminary Essay On The Historical Method In Political Economy (From The French) By L. Wolowski, The Whole Translated By John J. Lalor A. M. Roscher, Wilhelm.

First edition in English of Roscher's main work, originally published in German in 1854, which "became perhaps the most widely-read textbook of economics in Germany in the second half of the nineteenth century" (Blaug, p. 208). "It analysed essentially the same topics as the classical economists - production, distribution and prices. Roscher was already strongly influenced by supply and demand approaches, but still determined the exchange value of a commodity by its cost of production. His theory of rent was Ricardian and his thinking about population development followed Malthusian patterns. Differing from classical textbooks, Roscher supplemented the theoretical analysis with a historical description - the reader finds the history of rent, interest and wages, of population development, of the prices of necessary and luxury commodities, and of luxury in general" (The New Palgrave). The work was issued in New York by Henry Holt and Chicago by Callaghan and Company simultaneously, with their respective imprints on the title pages; the edition was otherwise printed from the same plates. Mark Blaug, Great Economists before Keynes, 1997. Two volumes, octavo. Original brown cloth, spines lettered in gilt. Housed in custom brown cloth slipcase. Early ink stamp "John Lansing" to title pages. Very light rubbing, else a bright, tight copy.