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Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) was an Austrian-born political economist. He served briefly as Finance Minister of German-Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship.
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Joseph Schumpeter Business Cycles 1st w Jackets. Sold for over $10,000.
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The Nobel Prize in Economic Sciences, awarded in 1971 to influential economist Simon Kuznets, inventor of the Kuznets Curve in 1955. Kuznets is credited with inventing a quantitative method for correlating per capita income to economic inequality over time, as a country’s economic growth matures. In the ceremony on 11 December 1971, the Nobel Prize committee awarded Kuznets the Nobel Prize for his ”empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development”. 23K gold medal prominently bears the image of Alfred Nobel upon the obverse, with ”Sveriges Riksbank Till Alfred Nobels Minne 1968” applied in raised letters, encircling the medal. ”Simon Kuznets 1971” is engraved to the rim, and the medal’s reverse contains the north star emblem of the Royal Swedish Academy of Sciences, with the phrase ”Kungliga Vetenskapsakademien” applied. Housed in the original red leather case with Kuznets’ name gilt stamped. Medal weighs 7.25 oz. and measures 2.5” in diameter, consistent with the original Nobel Prizes awarded in 1971. Case measures 5.5” x 5.5” x 1”. Accompanied by a copy of the Nobel Prize speech owned and annotated by Kuznets. This is the sixth Nobel Prize ever sold at auction, and the first in the category of Economic Sciences. Presented in near fine condition. With an LOA from the consignor, Simon Kuznets’ son. Sold for $390,848.
The Nobel Prize in Economic Sciences, awarded in 2005 to Thomas C. Schelling, the foremost expert on game theory as it applies to nuclear weaponry and international relations, and whose theory is particularly relevant now. Schelling is famously credited with the concept of ”uncertain retaliation”, expressed in his 1960 book, ”The Strategy of Conflict”, in which he argued that unpredictability, a higher tolerance for risk, and a willingness to feign irrationality in decision making can lead, if performed correctly, to a superior position over one’s opponents — especially with nuclear weapons. This so-called ”Madman Theory” was used by Richard Nixon in his negotiations with the Soviet Union and North Vietnam, and many experts have stated that both Donald Trump and Kim Jong-un are currently using the strategy in negotiating with each other. Schelling was also one of the “founding fathers” of the modern, leadership-oriented John F. Kennedy School of Government at Harvard, and made wide-ranging policy contributions helping to curtail smoking, confront racial segregation, and address climate change.
Nobel medal, made of 18K gold, prominently bears the image of Alfred Nobel upon the obverse, with ”Sveriges Riksbank Till Alfred Nobels Minne 1968” applied in raised letters, encircling the medal. ”T.C. SCHELLING MMV” is engraved to the rim, and the medal’s reverse contains the north star emblem of the Royal Swedish Academy of Sciences, with the phrase ”Kungliga Vetenskapsakademien” applied. Housed in the original red leather case with Schelling’s name gilt stamped, and also accompanied by the original Nobel Prize certificate awarded to Schelling. Medal weighs 6 oz. and measures 2.625” in diameter, consistent with the Nobel Prizes awarded in 2005. Case measures 5.5” x 5.5” x 1.25”. Certificate is housed in custom leather portfolio, then housed in suede-lined clamshell case measuring 9.75” x 14.75”, beautifully accented with Schelling’s initials in calligraphy. All items are presented in near fine condition. The proceeds from the sale of this auction will be donated to the Southern Poverty Law Center, consistent with the wishes of Thomas Schelling. Sold for $187,500.
Rare first edition signed by George Bernard Shaw of what he called his ”magnum opus”, ”The Intelligent Woman’s Guide to Socialism and Capitalism”. London: Constable and Co., 1928. Shaw signs the half-title page, ”Inscribed to / W. Harold Dans / G. Bernard Shaw / 24th Nov. 1928”. Shaw worked on the ”Guide” for four years, beginning in 1924, during which time he won the Nobel Prize for Literature. First edition is housed in original dust jacket with 15 price. Also with an order form for the book and two publisher advertisements, calling it ”Mr. Shaw’s declaration of faith-political, social and ethical”. Measures 6.5” x 9.5”. Light soiling and chipping to dust jacket, but with no substantial paper loss; in very good condition. Beautiful gilt adorned book in Art Nouveau style is very good to near fine, with light soiling to gilt top edge. Sold for $3,125.
First Edition, First Printing of “Propaganda” in the Original Scarce Dust Jacket — The Book by Edward Bernays That Profoundly Impacted 20th Century Capitalism and Politics
First edition, first printing of “Propaganda” by Edward Bernays in the nearly nonextant original dust jacket, scarce as such. New York: Horace Liveright, 1928. In this groundbreaking book, Bernays explored the little known concept of propaganda at a time of drastic change in the world — when the radio was becoming a household staple, and as America pivoted to city dwelling. Very presciently, he argued that leaders must understand how to “engineer consent” among the populace in order to preserve the fragile institution of democracy, writing: “The intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate…constitute an invisible government which is the true ruling power of our country.” Sold for $2,500.
FREE APPRAISAL. To buy, auction, sell or consign your Joseph Schumpeter Business Cycles 1st w jackets that is for sale, please email your description and photos to [email protected] of Nate D. Sanders Auctions (http://www.NateDSanders.com).