Wealth & Welfare

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throughout, including a pencil note at the close of Verbum Sapienti dated 4 September 1808, small printed binder’s ticket to rear free endpaper; a very good copy. ¶ Goldsmiths’ 2868; Keynes 37; Kress 1769; Mattioli 2797; Sraffa 4635; not in Einaudi. £5,750 [134805] 129 PIGOU, Arthur Cecil. Wealth and Welfare. London: Macmillan & Co. Ltd, 1912 The work which established his reputation First edition, first impression, of Pigou’s early work which established his reputation as a leading economist and which formed the basis for his The Economics of Welfare (1920), which is considered to have “virtually created the subject of welfare economics” ( ODNB ). This is the copy of Pigou’s fellow economist John Wilkinson Foster Rowe, with his ownership signature dated September 1922 to half-title. He published numerous economic works from the 1920s to the 1960s, and served as Secretary of the Faculty Board of Economics and Politics at Cambridge University. Pigou (1877–1959) was in many ways overshadowed through the first half of the 20th century by Keynes, whose ideas owed much to this important economist of the previous generation. The term “Pigou Effect” came to refer to the rise in consumption driven by the lowering of price. Keynes of course would later develop this idea into what we all know as the principles of supply and demand. Octavo. Original blue cloth, spine lettered and ruled in gilt, rules extending onto covers in blind. Sunned, lightly rubbed around extremities, cockling to cloth, inner hinges repaired, rear free endpaper moved to front and replaced, foxed. A good copy. £1,250 [120699]

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crown ornaments to title page; 4 folding tables. Extremities rubbed, contents lightly browned, neat paper repair to fore edge of title leaf, a little chipped along fore-edge, small (10 mm) closed tear to top edge of same, single ink annotation “2” to top margin of title page, presumably previously bound in a pamphlet volume; a very good copy. ¶ Goldsmiths’ 2516; Keynes 21; Kress 1591; Sraffa 4631; not in Einaudi or Mattioli. £11,000 [134806] 128 PETTY, Sir William. The Political Anatomy of Ireland. London: printed for D. Brown, and W. Rogers, 1691 An important statistical survey of Ireland First edition of this important statistical survey of Ireland, written, along with Petty’s Observation upon the Dublin Bills of Mortality , during Petty’s second long stay in Ireland. “It provides a wide survey of Irish institutions and government with much statistical evidence . . . The volume concludes with Verbum Sapienti , a short treatise in ten chapters called by Petty ‘A Discourse about Taxes and the value of People’, being an assessment of the wealth of the nation and its capacity to pay taxes” (Keynes). Octavo (170 × 108 mm). Modern calf, spine lettered in gilt. Verbum Sapienti with separate half-title and pagination; register is continuous. Bookplate of Fox Pointe Manor Library to front pastedown. Contents lightly browned and spotted, some faint damp stain to lower corners of first few leaves, lower corner of leaf F3 torn away just affecting catchword, pencil and ink marginal marks and annotations

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Peter Harrington

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