Very rare first English edition
HAYEK, Friedrich A. von. Prices and Production. London: George Routledge & Sons, Ltd. 1931.
8vo. Original blue cloth, gilt lettering to spine; pp. xvi, 112, [14, ads.]; contemporary owner's signature to ffep, some very occasional pencil side-lining, browning to endpapers, a little spotting to edges and first few leaves, otherwise very good.
First edition, very rare, preceding the first German edition.
Hayek's second book, published when he was only 32 and based on lectures he was giving at the London School of Economics, is regarded as his most ground-breaking work and his principal contribution to capital theory in its account of interest rates and their effect on trade cycles. The work is also notable for introducing the Hayekian triangle as a means to analysing production.
#2120892