Natural Value. Edited with a Preface and Analysis By William Smart. The translation by Christian A. Malloch.

A CLASSIC OF THE AUSTRIAN SCHOOL, ONE OF WIESER’S MOST IMPORTANT EARLY WORKS.

First edition in English. 8vo (228 x 150mm). xlv, [1], 243, [1], pp. Original brick red pebble grain cloth, spine lettered and ruled in gilt, boards with triple blind filet borders, black coated endpapers (spine gently rubbed at head and tail, else a very good copy indeed). London, Macmillan and Co.

Originally published in 1889, one of Wieser's most important early works, further outlining his theories of marginal utility, alternative cost and imputation as initially expressed in his first book, Über den Ursprung und die Hauptgesetze des wirtschaftlichen Werthes (1884). In Natural Value, Wieser "employed the expository device of studying value in a centrally directed economy and suggested possible applications of utility theory to public finance. The book gained him almost immediate acclaim, and it was soon translated into English" (Friederich von Hayek in IESS).

Provenance: from the library of the Fraser Institute, one of the world's leading public policy think tanks. With the Fraser Institute bookplate to the front pastedown, presented by John Henry Robinson Molson (1826-1897), Canadian entrepreneur and philanthropist.

Stock Code: 230575