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MANGOLDT, Hans von (1824-1868)
Grundriss der Volkswirthschaftslehre. Ein Leitfaden für Vorlesungen an
Hochschulen und für das Privatstudium.
Stuttgart, J.Engelhorn 1863.
XVI,224p. Contemp. half cloth, corners worn. Small name stamp (‘E.Baumstark') on
title, library bookplate to front paste-down. Two pages with mild brown offsetting from an inserted
First edition. Mangoldt was a civil servant and professor of political science and economics at
Göttingen and Freiburg and according to Schumpeter ‘among the century's most significant figures in
This is one of his two important contributions to economic theory (the other being Die Lehre
vom Unternehmergewinn of 1855). ‘It was a comprehensive but highly compressed work, which
stands out not only for its path-breaking discussion of price formation but also for its liberal use of
geometric diagrams, including the Marshallian cross of demand and supply. No doubt, Cournot, Dupuit
and Gossen had been there before him but there is no evidence that Mangoldt knew anything of their
There was a second edition of this in 1863, but Schumpeter points out that that edition ‘leaves
out the most original element in it, namely the geometrical apparatus that Mangoldt devised for the
theory of international values; but Edgeworth brought it to light again'.
*Schumpeter p. 503-504. M.Blaug, Great economists before Keynes, p.148.