“PROFITS ALWAYS TAKE CARE OF THEMSELVES, BUT LOSSES NEVER DO”

LIVERMORE, Jesse L. How to Trade in Stocks. New York, 1940.

First edition of the only book by Jesse Livermore, one of Wall Street’s most flamboyant stock traders, featuring the first in-depth explanation of the famed Livermore Formula, his highly successful trading method still in use today, and containing 16 full color charts. A stunning copy in extremely scarce unrestored original dust jacket. $20,000.

VERY SCARCE FIRST EDITION IN ENGLISH OF MARX’S MAGNUM OPUS, DAS KAPITAL

MARX, Karl. Capital: A Critical Analysis of Capitalist Production. London, 1887. Two volumes.

First edition in English of the first part of Marx’s landmark Das Kapital, the only part published in his lifetime, containing substantial revisions made by Marx for the first French translation, this two-volume work edited by Engels and translated from the third German edition. A very scarce and important printing of a seminal work in economic and political thought. $17,000.

“A FEW DAYS BEFORE HIS DEATH… HE GAVE ORDERS TO DESTROY ALL HIS MANUSCRIPTS, EXCEPTING SOME DETACHED ESSAYS, WHICH HE ENTRUSTED TO THE CARE OF HIS EXECUTORS”

SMITH, Adam. Essays on Philosophical Subjects. London, 1795.

First edition of this scarce posthumous collection of Smith's essays, featuring the important first publication of History of Astronomy that seeks "to explain what drives 'philosophers' to ask the questions they do," an impressive wide-margined volume, handsomely bound. $14,500.

THE MOST INFLUENTIAL ECONOMIC TREATISE OF THE 20TH CENTURY, FIRST EDITION IN THE SCARCE ORIGINAL DUST JACKET

KEYNES, John Maynard. General Theory of Employment, Interest and Money. London, 1936.

First edition of Keynes’ last major work, considered the most influential economic treatise of the 20th century, rarely found in the original dust jacket. $13,000.

FIRST OCTAVO EDITION OF WEALTH OF NATIONS, 1784, THE FIRST EDITION TO INCORPORATE SIGNIFICANT ADDITIONS AND REVISIONS BY SMITH

SMITH, Adam. Inquiry into the Nature and Causes of the Wealth of Nations. London, 1784. Three volumes.

First octavo edition (third edition overall) of Smith’s landmark work on the individual’s right to the free exercise of economic activity, “the first and greatest classic of modern economic thought” (PMM 221), a splendid copy in contemporary calf boards. $12,500.

“ONE OF THE FOUNDERS OF MODERN ECONOMICS”

MALTHUS, T[homas] R[obert]. Essay on the Principle of Population. London, 1803.

Second and greatly expanded edition, the first to carry Malthus’ name, of one of the landmark works in economics—four times larger than the first edition and extremely important. Beautifully bound. $11,000.

“IN THE PRIMITIVE AGES OF THE WORLD… THERE WAS NOT EVEN SO MUCH AS BARTER”

(ANDERSON, Adam). Historical and Chronological Deduction of the Origin of Commerce. London, 1764. Two volumes.

First edition of this important authoritative history of commerce, with a global authority that includes a focus on Britain’s acquisition of “new American markets,” as well as the greater consequences of “the very extraordinary actions of the year 1720” when the South Sea Bubble burst (Sabin), complete with three large folding maps, handsome in contemporary calf. $8500.

THE FIRST APPEARANCE OF JOHN OVERTON'S WONDERFULLY DETAILED, EARLY, AND LARGE 17TH-CENTURY FOLDING MAP OF AMERICA, DEPICTING CALIFORNIA AS AN ISLAND, AS WELL AS HIS SPLENDID MAPS OF AFRICA, ASIA AND EUROPE

ROBERTS, Lewes. The Merchants Map of Commerce. London, 1671.

Second, expanded edition of Roberts' major work, "one of the earliest systematic treatises on its subject in English" (DNB)—this is the first edition to include John Overton's four splendidly detailed and large engraved folding maps of America, Africa, Asia and Europe, and in this edition "the description of 'America and the Provinces thereof,' pp. 47-64, contains much fuller accounts of New England, New Netherland, and other places, than that in the first edition" (Sabin). Handsomely bound in period-style paneled calf. $8500.

INSCRIBED BY FISHER TO FELLOW STABLE MONEY ADVOCATE RALPH WESCOTT, IN SCARCE ORIGINAL DUST JACKET

FISHER, Irving. Money Illusion. New York, 1928. First edition, presentation/association copy, of this analysis of currency instability by America's first great economist, warmly inscribed by Fisher in the year of publication to a fellow stable money proponent, "To Mr. Ralph W. Wescott with the compliments and love of Irving Fisher, August, 1928." $8500.

INSCRIBED BY IRVING FISHER

FISHER, Irving. Stock Market Crash. New York, 1930.

First edition of Fisher's important work tracing the causes and the immediate aftermath of the 1929 Stock Market Crash, inscribed by him, "Compliments of Irving Fisher," in original dust jacket. $7500.