ALLAIS, Maurice. Économie pure & rendement social. Contribution de la science économique moderne à la construction d’une économie de bien-être. Paris, Sirey, [1945].
8vo, pp. 72; bookplate to the inside front cover; original printed stiff-paper wrappers, a little soiled in places.
First separate appearance, originally published in the Annales des Mines et des Carburants, January – February 1945. It is dedicated to Pareto, ‘qui a, le premier, jeté les bases rigoreuses de la théorie du rendement social’ (p. [3]).This is an early work by the French Nobel Laureate. ‘[Allais’] initial professional activity led him toward problems of applied economics and regulation. In France, the corps of mining engineers, one of the greatest branches of the civil service, is entrusted with the regulation of mining and energy and is very influential in the definition and control of public industrial policy. In some sense Allais’ theoretical works are an attempt to find rational public economic decisions’ (The New Palgrave).
In 1988, Allais (b. 1911) was awarded the Nobel Memorial Prize in Economics, the second Frenchman ever to receive it. See also Blaug, Economic Thought since Keynes.
£350
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