Principles of Economics. Vol. I. [all published]. - Alfred Marshall 1890 - Macmillan and Co., London - First Edition A fine bright first edition of Marshall’s masterpiece, in the original cloth, and housed in a bespoke cloth clamshell case.

The seminal text of Neoclassical economics, effectively reconciling the classical and more modern theories of value by bringing together the principles of supply and demand, marginal utility and costs of production into a coherent whole. One of the few works in the history of economic thought that can claim to contain an original treatment of almost the entire economic theory of its time.

‘Marshall's great work is the classical achievement of the period, that is, the work that embodies more perfectly than any other, the classical situation that emerged around 1900 ... More than any other economist – with the exception, perhaps, of Pareto – Marshall pointed beyond himself....’ (Schumpeter).
  ‘Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. Over the next two decades he worked to complete his second volume of the Principles, but his unyielding attention to detail and ambition for completeness prevented him from mastering the work's breadth.’

Provenance: From the library of economist and judge the Hon. Stanley C. Wisniewski Ph.D. (Econ.), J.D.

References: Schumpeter,
History of Economic Analysis, 834. Mattioli, 2256.

Thick octavo (book size 22.8x15.8cm), pp. xxviii 754 [2 (publisher’s ads)] 59 (publisher’s catalogue dated February, 1890) [1]. In publisher’s blue-green cloth, lettered and ruled in gilt to spine, ruled in blind to boards, black coated endpapers. Professional repair to rear inner hinge, and short closed tear to half-title page.
  Condition: Small ink stain to margin of page 111 not affecting text, archval repair to short tear to half-title page, else internally fine and without foxing, in fine cloth, gilt strong and bright.   Ref: 111928   Price: HK$ 80,000