1947. First Edition. 447 pages. No dust jacket. This is an ex-Library book. Brick red cloth covered boards. Rebound library copy, with expected inserts and inscriptions. Vol LXXX of Harvard Economic Studies. Pages remain clear with minimal tanning and foxing. Library plates to front paste down and free end paper. A few library stamps. Mild pencil underlining. Cracking to hinges, no damage to end papers. Some occasional mild cracking to gutters throughout, binding remains reasonably firm. A few dog-eared corners. Boards have mild edge-wear with slight rubbing to surfaces. Mild crushing to spine ends. Book has a slight forward lean. Moderate tanning to spine. Cloth has minor marks and wear. Damp stain to text block top edge.