A. Gerits & Son
[email protected] E-List January 2020 1 AUSPITZ, R. & R. LIEBEN. Untersuchungen über die Theorie des Preises. Leipzig, Duncker & Humblot, 1889. xxxi, [1]; 555, [1] pp.; with diagrams in the text printed in red and black. Large 8vo. Uncut in original publisher’s full cloth, spine and sides ruled and lettered in black; corners very slightly bumped, and faint dampstain to foreedge of lower board; two small private Japanese library stamps, on title page (Ex library from Nakamura), on final blank (personal name, Yu); a very good copy. € 4000 Batson, p. 40; Menger, col. 71; Theocharis pp. 151 and 218n; Einaudi 214; Mattioli 151 (first French translation, 1902, not this first edition). Very rare first edition of the important work by Auspitz and Lieben, 'the book that assured its authors of a place among the eminent mathematical economists. It is essentially an exhaustive partial-equilibrium analysis of price in terms of an ingenious geometrical apparatus .... Auspitz and Lieben, though highly regarded by men like Edgeworth, Pareto and Fisher, never received the credit they deserved. In their local environment, in view of the Austrian School's intolerance for mathematics, they were academic outcasts' (New Palgrave, i, p. 144 f). Schumpeter called the the work 'one of the outstanding theoretical perfomances of the age' (Schumpeter p. 849). The fundamental first chapter (of this work), preprinted in 1887 to fix priorities relative to Bohm-Bawerk, provides the basic tools. (.....) In subsequent chapters this apparatus is applied to a wide range of microeconomic problems and cases ..... An important final chapter extends the analysis monopoly, monopolistic competition, excise taxes and international trade, and includes a brilliant discussion of optimal tariffs (New Palgrave, p.