A Contribution to the Theory of Supply at Joint Cost

Marco Fanno was among the most distinguished of Italian economists, and an important contributor to the history of economic thought. He is unique among the Italian economists of his generation in being influenced by the new macrodynamic theories of the 1930s as well as the Italian tradition of General Equilibrium. His theory of joint costs (1914) is among his most influential works. This translation by Cyprian Blamires makes this easily accessible in English in book form for the first time. The book contains an authoritative foreword from Michio Morishima, placing Fanno and his work in context.