Lot 214

1913. LIBRO. (HISTORIA INDUCTRIAL INGLATERRA). TUGAN-BARANOVSKY, MIKHAIL, HERE WRITTEN AS MICHEL TOUGAN-BARANOWSKY (1865-1919):. LES CRISES INDUSTRIELLES EN ANGLETERRE. TRADUIT SUR LA 2E ÉDITION RUSSE REVUE ET AUGMENTÉE PAR L´AUTEUR, PAR JOSEPH SCHAPIRO. Paris: M. Giard & E. Brière, 1913. 8º mayor. VII + 476 p. Orig. printed wrappers. (Bibliothèque internationale d´économie politique). New Palgrave IV,p.705. Schumpeter p.1126. First French edition. ´The first coherent and thoroughly economic theory of the business cycle´, for which the author spent six months in Great Britain. It originally appeared in Russian in 1894 and served as master dissertation for Moscow University. ´There could scarcely have been a more masterly master´s thesis´ (Alec Nove in New Palgrave). Tugan-Baranovsky was the most important Russian economist of his time. He teached political economy in Saint Petersburg and in Moscow and in the words of Alvin Hansen ´he began a new way of thinking about the problem of business cycles´.