Description:
Contemporary quarter calf and marbled boards, spine lettered gilt, label of Bibliothek der Wiener Handelsakademie on the upper cover and inside, leaf edges marbled, printers woodcut on title of a grasshopper, pp.xii + 139 pages, discreet library stamp on title, a fine copy.
Provenance: Bibliothek der Wiener Handelsakademie, founded in 1857, the second Handelsakamie of the Austrian Empire after Prague.
Not in Einaudi or Sraffa. Not in the Amex Library. See Chi-Yuen Wu: An outline of international price theories. (2007), pp.204-206. Schumpeter, p.736.
FIRST EDITION of this classic treatise in which Goschen declared that the primary clause which determined the fluctuations in the exchange rates was the balances of international indebtedness. He found that the state of credit in the money market played an important role. Chi-Yuen Wu writes that Goschen produced the first systematic exposition of the effects of the bank rate.
Goschen [1831-1907], Chancellor of the Exchequer in Salisbury's second…
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