On the Mathematical Exposition of Some Doctrines of Political Economy [Facsimile Reprints of three papers published in 1829, 1831, 1850].

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Facsimile Reprints of the first three of Whewell's four economics papers published in the Transactions of the Cambridge Philosophical Society. 'Mathematical Exposition of Some Doctrines of Political Economy' [1829] = 1 leaf, 39, [1] pp; 'Mathematical Exposition of Some of the Leading Doctrines in Mr. Ricardo's 'Principles of Political Economy and Taxation' ' [1831] = 1 leaf, 44 pp; 'Mathematical Exposition of Some Doctrines of Political Economy, Second Memoir' [1850] = 1 leaf, 22 pp. Original cloth. Signature of former owner on front flyleaf, else Near Fine. Whewell's 'contributions to mathematical economics are found in the four papers that he read before the Cambridge Philosophical Society. These papers demonstrate a serious early effort to develop and apply mathematical tools to economics. All four mathematical economics papers, published in the Transactions of the Cambridge Philosophical Society [the fourth paper, 'Mathematical Exposition of Certain Doctrines of Political Economy, Third Memoir', 1850, is not included in this reprint], include important contributions. In his first paper, 'Mathematical Exposition of Some Doctrines of Political Economy' [1829], he developed a mathematical measure of price flexibility . . . In his third [1850] paper, 'Mathematical Exposition of Some Doctrines of Political Economy, Second Memoir,' he extended this earlier measure and developed a more sophisticated statement of demand elasticity. . . . These two mathematical tools enabled Whewell to devise solutions to other significant problems. He classified goods according to their demand elasticities and even identified what later came to be known as Giffen goods. He also solved two international trade problems, determining precisely the exchange ratio in a two-commodity, two-nation trade model and showed when a nation would partially specialize in the production of a commodity in which it had a comparative advantage even though it did not gain from the trade. In his second paper [1831b], 'Mathematical Exposition of Some of the Leading Doctrines in Mr. Ricardo's 'Principles of Political Economy and Taxation',' Whewell analyzed Ricardo's doctrines' models that traced the distribution of income in a growing economy and his discussion of fixed capital. Most intriguing are the hints at the 'Ricardo Effect' in his treatment of capital' (James P. Henderson, Early Mathematical Economics: William Whewell and the British Case, pp. 3-4; also see Chapter Five, 'Why Did Whewell Apply Mathematics to Political Economy?', 117-48). N° de ref. del artículo 15177

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