“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 green cloth. $1650.

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). Goldsmith 34239. Kress C6658. Bookplate of Albert May Todd, U.S. Congressman from Michigan.

Text fine; light dampstaining to original cloth, gilt very bright. A near-fine copy with an interesting association.