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Estimate: $ 800 - $ 1,200
STEUART, JAMES, Sir. An Inquiry into the Principles of Political Oeconomy; being, An Essay on the Science of Domestic Policy in Free Nations. 2 folding letterpress tables. [iii]-xv, [13], 639, [1]; [16], 646, [13] pages, including second half-title (of 2) and errata leaf. 2 volumes. 4to, 289x235 mm, contemporary tree calf, later calf backs and corners, covers detached or starting; occasional browning, repaired clean tear across 2 preliminaries and heavy foxing on pages 457-65 in first volume. Perforated stamp and rubberstamp of Meadville Theological School on titles, their bookplate (Joshua Brookes gift) on front pastedowns. London: A. Millar, 1767
first edition. 'In the Principles, Steuart made notable contributions to economic theory: the historical analysis of the origins of the exchange economy, where he (like Adam Smith) was influenced by David Hume; to the theory of economic development with its emphasis on the importance of interdependent sectors; to the theory of competitive price, and, most notably, to the treatment of money and banking' (ODNB).
