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Ekonomicheskii raschet naiuchshego isplo 'zovaniia resursov [Cyrillic letters].

KANTOROVICH, Leonid Vitalievich.

  • Published: 1959 , Moscow: [State Publishing House,]
Moscow: [State Publishing House,], 1959. The basis of the 1975 Nobel Prize in Economics First edition, first printing, of Kantorovich's fundamental work, known in English as The Best Uses of Economic Resources; "a brilliant example of the consistent application of the optimization principle to the analysis of a wide variety of economic problems" (New Palgrave). The essay, written in 1942 but first published here in 1959, studies "the planning of production from the level of enterprise to the level of the national economy as a whole; a theory of price formation, which includes the principles of price formation not only for goods and services but also for the factors of production, the time factor, the space factor, natural conditions, the conditions of labour application, [and] a theory of economic and social-economic efficiency of economic enterprises" (New Palgrave). Here, Kantorovich's book is paired with a copy of Tjalling C. Koopmans's Three Essays on the State of Economic Science, 1957. Koopmans and Kantorovich were together awarded the 1975 Nobel Prize in Economics. Both books come from the library of the economist Roman L. Weil (1940-2023), professor of accounting at the University of Chicago Booth School of Business. Weil coauthored several textbooks, including the highly regarded Accounting: The Language of Business (1974), as well as over 100 journal articles and notes. He developed the widely used Fisher-Weil measure of bond duration. The Koopmans has Weil's ownership signature on the front free endpaper dated 1961, while the Kantorovich is otherwise unmarked as his. He had the box specially made to present the books together within his collection of Nobel Prize-winning economists. Octavo. With the errata leaf. Original cloth-backed green boards, black and white rule border to front cover, lettered in black and white, spine lettered in white. Housed with another work (see note) in a blue cloth solander box by the Chelsea Bindery. Extremities light rubbed, initial and final few leaves with some staining and browning: a very good copy.

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