First Edition of John Stuart Mill's Principles of Political Economy
Principles of Political Economy.
Mill, John Stuart.$2,800.00
Item Number: 71031
Boston: Charles C. Little and James Brown, 1848.
First American edition of John Stuart Mill’s classic treatise. Octavo, 2 volumes. Bound in full calf, gilt titles and tooling to the spine, morocco spine labels, gilt rules to the front and rear panels, raised bands. In excellent condition.
Principles of Political Economy is one of the most important economics or political economy books published. Political Economy is the term nineteenth-century writers used to refer to the study of what economists call macroeconomics, though its practitioners, such as Adam Smith, Mill, David Ricardo, and Karl Marx, were more philosophical and less empirical in their methods than modern economists. Mill examines the fundamental economic processes on which society is based: production, the distribution of goods, exchange, the effect of social progress on production and distribution, and the role of government in economic affairs. "To many generations of students, Mill's Principles was the undisputed bible of economic doctrine" (Roll, History of Economic Thought).