End of Laissez-Faire First Edition - John Maynard Keynes - Bauman Rare Books

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End of Laissez-Faire

John Maynard KEYNES

Item#: 115797 We're sorry, this item has been sold

End of Laissez-Faire

End of Laissez-Faire

"THE NEXT STEP FORWARD MUST COME, NOT FROM POLITICAL AGITATION OR PREMATURE EXPERIMENTS BUT FROM THOUGHT": KEYNES' THE END OF LAISSEZ-FAIRE, PUBLISHED BY THE WOOLFS AT THE HOGARTH PRESS

KEYNES, John Maynard. The End of Laissez-Faire. London: Leonard & Virginia Woolf at the Hogarth Press, 1926. Small octavo, original half gray cloth, paper spine label, original dust jacket.

First edition of this timely economic and philosophical discussion by the most important economist of the 20th century, in scarce original dust jacket.

Stemming largely from Keynes' arguments in the Tract on Monetary Reform (1923), The End of Laissez-Faire is an examination of the role and responsibility of governments in ameliorating the economic hardships of their citizens, namely the problem of unemployment. Keynes draws on writings of Locke, Rousseau, Paley, Bentham, Adam Smith, Malthus, Ricardo and others to call for a re-appraisal of government policy in favor of a broader, more active role in providing economic assistance. The question of the harmful effects of laissez-faire policies became central to Keynes in his later work, when he helped to establish the economic framework within which public policy was to be considered.

Book with toning to board extremities, dust jacket with only light rubbing and toning to extremities. Quite rare in dust jacket.

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Aquatint Copperplate process by which the plate is “bitten” by exposure to acid. By changing the areas of the plate that are exposed and the length of time the plate is submerged in the acid bath, the engraver can obtain fine and varying shades of gray that closely resemble watercolor washes. Although the name contains the word “tint”, this is a black-and-white printing process; aquatint plates can often be hand colored, however.
Armorial Used to describe a binding bearing the coat of arms of the original owner, or with bookplates incorporating the owner’s arms.
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Boards Hard front and rear covers of a bound book which are covered in cloth, leather or paper. “Original boards” refers to cardboard-like front and back boards, from about 1700 to 1840, used as temporary protection for books before their purchasers would have them bound. Of particular value to collectors as evidence of a very early form of the book.
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Calf Binding material made from cowhide—versatile, durable, usually tan or brown in color, of smooth texture with no or little apparent grain. Readily marbled (“tree calf”), mottled, diced, colored, polished, tooled in gilt or blind, even scented (known as “russia”). Reverse calf, with a distinctive suede-like texture, is occasionally used.
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Wood-Engraving Engraving made with the graver or burin on the cross-section of a piece of boxwood; the harder wood and finer tools allow for more delicate, finely detailed images, while the block can still be set in the page alongside text and printed on the same stock as the text. While much older, wood engravings enjoyed an important renaissance in the late eighteenth century through Thomas Bewick and continued in popularity thorugh the nineteenth century.
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