FIRST OFFPRINT EDITION OF ECONOMIC OSKAR MORGENSTERN'S EULOGY FOR HIS MENTOR, AUSTRIAN ECONOMIST FRIEDRICH VON WIESER, INSCRIBED BY MORGENSTERN IN THE YEAR OF PUBLICATION

MORGENSTERN, Oscar. Friedrich Von Weiser, 1851-1926. REPRINTED FROM: American Economic Review, Volume XVII, Number 4. [Princeton: American Economic Association, 1927]. $2400.

First offprint edition of economist Oskar Morgenstern's eulogy for his former teacher, Friedrich von Wieser, inscribed on the front wrapper in the year of publication: "Herrn Dr. E. Schramm mit freundl. gruß. Verf. Dez 1927."

This is the first separate appearance of Morgenstern's obituary and eulogy for his former teacher, Friedrich von Weiser. Morgenstern refers to Wieser as "the last of the great triumvirate who founded the Austrian School of Economics." He writes, "Death has deprived economics of one of its ablest figures; economic theory has suffered a heavy loss." Wieser was best known for developed Mengerian economics with regards to the influence of costs upon price. He also coined the term marginal utility, a concept that has become a staple of modern economics. Economist Oskar Morgenstern, one of his most successful pupils, is best remembered as the co-developer of game theory with mathematician John von Neumann. This work was first printed in December 1927 in the American Economic Review, the flagship publication of the American Economic Association. This copy is inscribed to E. Schramm, possibly the German historian Percy Ernst Schramm. From the collection of Professor Sir Richard Stone, the 1984 Nobel laureate in economics.

A beautiful inscribed copy in about-fine condition.