"MCCULLOCH'S MOST IMPORTANT CONTRIBUTION TO ECONOMIC THEORY": TAXATION, 1845 FIRST EDITION

MCCULLOCH, John Ramsay. A Treatise on the Principles and Practical Importance of Taxation and the Funding System. London: Longman, Brown, Green, and Longmans, 1845. Octavo, original dark green cloth. $2500.

First edition of "the first systematic account of the theory and policy of public finance," in the original cloth.

McCulloch, a follower of English economist David Ricardo and "the first professional economist" (ODNB), "produced the first systematic account of the theory and policy of public finance: Treatise on the Principles and Practical Influence of Taxation and the Funding System (1845)" (ODNB). Taxation is "probably McCulloch's most important contribution to economic theory" (Amex 282). Publisher's 32-page ad catalogue dated October 1, 1844 bound in at rear. Goldsmith 34239. Kress C6658. Hand-colored bookplate of Charles de Fischer to flyleaf; armorial inkstamp to title page. Ink annotations to one page of advertisements at rear.

Text clean; rear inner paper hinge cracked, binding sound, cloth gently rubbed but clean, gilt bright. Near-fine in the original cloth.