DUVILLARD DE DURAND, Emmanuel Étienne Lot n° 34

Research on Annuities, Borrowings and Repayments. This results in 1. forms of borrowing which are less costly for the borrower, & at the same time more advantageous to the accumulating creditors, than the various forms of public borrowing employed up to now. 2. Repayment conversions, which combine these two advantages, especially when the debtor renounces to borrow new capital. Paris, Chez l'Auteur, Geneva, Chez Franç. Dufart, 1787. in-4, (8) 125 pp. (errata), 2 pp.(leaflet), 2 h. t. pl. and 2 tabl. depl., blonde half-sock. of the spine, back with nerves ornamented, fart. missing from lower back. KRESS B.1204. GOLDSMITHS13438. INED 1715. Original edition. One of the first applications of mathematics to economics. Published under the auspices of the Royal Academy of Sciences in Paris, with a preface by Condorcet. It also provides a demographic analysis to determine the appropriate rate of a loan that the borrower commits to repay in equal instalments over his or her lifetime. (R.D. Theocharis, Early Developments in Mathematical Economics, p. 85).