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Condillac, Étienne Bonnot de. LE COMMERCE ET LE GOUVERNMENT CONSIDÉRÉS RELATIVEMENT L’UN À L’AURE. OUVRAGE ÉLEMENTAIRE. NOUVELLE EDITION. [TRADE AND GOVERNMENT, CONSIDERED RELATIVELY TO ONE ANOTHER…] Paris: Letellier & Maradan 1795. Modern marbled paper covered boards; iv, 380 pp. Uncut copy. Second Edition (the first is 1776). In French. Very good, with prior owner’s stamp to title page, some pages lightly browned.
$250
Étienne Bonnot de Condillac (1714-1780) was a French philosopher and perhaps the first person to write about the subjective theory of value. In this book he attempted to place economics in a coherent logical framework and claimed that producers work to obtain “utility”. Adam Smith’s work rose in popularity during the late 1700’s and Condillac’s influence in the economic world waned – that is until Carl Menger in 1871 picked up on Condillac’s concept of utility and returned Condillac’s work back to relevance. Carl Menger is the “father” of Austrian Economics – and this work, to a great extent, was his philosophical inspiration. Several academic articles have been written linking Menger and Condillac. (For more on the early influences to Austrian Economics, see Items D43 and D44).
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