STEUART, James. 
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An Inquiry into the Principles of Political Oeconomy: Being an essay on the science of Domestic Policy in Free Nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes. London: Printed for A. Millar, and T. Cadell, 1767.
FIRST EDITION 2 vols. 4to. (29 x 23 cm.). Complete with title and pp.[v]-xv+[1] +[12]+639+[1]; title and pp.[46]+646+[14] including general index and separate errata leaf at end of vol. 2. Folding Table of Coins to rear of each volume; bound with initial blank to both vols. The book was issued without leaf A1 in vol. 1.NB In this copy the last two (of 6) leaves of the Contents of the first volume at the front of the book have been bound in at the back end of Vol. 2. Contemporary polished calf expertly and handsomely rebacked by Aquarius, keeping the original boards with double gilt fillet borders and greek key gilt inner dentelles, and marbled endpapers, Small incidental ink stain to bottom edge of text block to first volume, occasional trivial spotting, generally an excellent example. Ex libris Dr. G. Van der Wal. First edition of the author's masterpiece, marking the culmination of British economic thought before the Wealth of Nations. "Sir James Steuart had the misfortune to be followed by Adam Smith in less than a decade. Otherwise [Steuart's Inquiry] would probably have served as the standard English economic text" (Carpenter). Its later influence "proved to be most considerable on the continent. During the 1770s the text was translated into German (twice), and into French in 1789. One authority has noted that 'until the final decade of the eighteenth century, Sir James Steuart's Inquiry was better known and more frequently cited than Smith's Wealth of Nations' (Tribe, p. 133). The admiration of the members of the 19th-century German historical school is now well known. Steuart's historical and cosmopolitan perspective later attracted the well-documented attention of Marx, while it is known that Hegel spent some three months studying one of the German editions. But perhaps the most intriguing link is with North America. The Dublin edition of the Inquiry (1770) was widely circulated in the colonies. The book also attracted the attention of Alexander Hamilton, whose protectionist position was adopted with a view to counterbalancing the competitive advantages of the British economy in the years following the treaty of Paris (1783)" (ODNB).
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