COURNOT, Principes mathématiques de la théorie des richesses, 1838
COURNOT, Augustin.
Recherches sur les principes mathématiques de la théorie des richesses.
Paris, L. Hachette, 1838.
8vo ( x mm), I. (Urbain) : (6)-259-(1 bl.) pages / (51) ff bl. / II. (Cournot) : xi-(1 bl.)-198-(2) pages and 1 folding plate. binding : Contemporary quarter calf, gilt flat spine. Joints rubbed. Foxings.
First edition.
Landmark in economic theory.
Cournot is considered a pioneer in mathematical economics. He was among the first to formalize economic theories using mathematical equations.
He proposed basing economic theory not on elementary algebra but on the branch of analysis dealing with arbitrary functions, subject to certain conditions.
His work focused on a theory of price equilibrium in a free market.
Though largely ignored in his time, his research on equilibria between two producers, now known as "Cournot equilibria," would later be generalized under the term "Nash equilibria" or "Nash-Cournot equilibria," earning John Forbes Nash the Nobel Prize in Economics in 1994.
Cournot's work is bound after the following:
URBAIN, Introduction to the Study of Political Economy, Paris, Bossange Père, 1833.
references: Einaudi [I, 1365], Theocharis ["Early developments in mathematical economics", p.1 : "The history of Mathematical Economics before Cournot must in some respects be regarded as consisting of antiquarian curiosa"], Nathalie Sigot ["La réception de l’œuvre économique de Cournot" : " Cournot tient aujourd’hui une place importante en économie, suscitant des recherches qui ne se limitent pas au seul domaine de l’histoire de la pensée économique : il fait partie, avec Quesnay et Walras, des économistes français les plus souvent cités et est considéré comme l’un des plus grands économistes de tous les temps"].
Price : 12500 €
