- 54
Economics.
Estimate
2,000 - 3,000 GBP
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Description
- Works by Defoe and Walras:
[Defoe, Daniel, attrib.] The Anatomy of Exchange-Alley: or, a system of Stock-Jobbing. Proving that scandalous trade, as it is now carry'd on, to be knavish in its private practice, and treason in its publick...the second edition corrected. For E. Smith near Exchange-Alley, 1719, ornamental head-piece and initial, modern crushed red morocco, some slight browning--Walras, Léon. Théorie de la Monnaie. Lausanne: Corbaz & Cie, 1886, 4 folding plates at the end, contemporary quarter green morocco, slight wear to binding; 8vo (2)
According to Furbank and Owens, the "general similarity in approach to Defoe's known writings on this topic" make the first work a 'probable' attribution. The Anatomy of Exchange-Alley is a full-on attack on the pernicious trade of stockjobbing and its ways of exploting rumours and scares. The French mathematical economist Léon Walras (1834--1910) is now considered the father of the "general equilibrium theory", and one of the three leaders of the marginalist revolution.
According to Furbank and Owens, the "general similarity in approach to Defoe's known writings on this topic" make the first work a 'probable' attribution. The Anatomy of Exchange-Alley is a full-on attack on the pernicious trade of stockjobbing and its ways of exploting rumours and scares. The French mathematical economist Léon Walras (1834--1910) is now considered the father of the "general equilibrium theory", and one of the three leaders of the marginalist revolution.
Literature
[Defoe:] More 414; Furbank & Owens 202P
Condition
Condition is described in the main body of the cataloguing, when appropriate.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."
Catalogue Note
Like the Fabians, Walras called for the nationalization of land, believing that land's value would always increase and that rents from that land would be sufficient to support the nation without taxes.
According to Furbank and Owens, the "general similarity in approach to Defoe's known writings on this topic" make the first work a 'probable' attribution. The Anatomy of Exchange-Alley is a full-on attack on the pernicious trade of stockjobbing and its ways of exploting rumours and scares. "It argues that the action of running down credit, as at the time of the French invasion scare in 1708 and the Spanish one in March 1719, could quite properly be called treasonable". (Furbank & Owens).