First edition, first printing. 8vo. xxvii, [1], 424 pp. Original black cloth, spine lettered and ruled in gilt, dust jacket (paper stock uniformly browned as usual, contents otherwise clean and unmarked; minor creasing to extremities of jacket, withal a very good copy indeed). Cambridge, Cambridge University Press, 1987.
A presentation copy, inscribed by the author in the year of publication 'For Jack in recognition of his profound influence on my early thinking, as a token of gratitude and friendship Jacques 9-7-87' in black ink to the front free endpaper. The recipient is likely the American economist John F. (Jack) Muth (1930-2005) who was an early-career colleague of Dreze's at Carnegie Mellon University in Pittsburgh.
A landmark collection of essays by the celebrated Belgian economist and econometrician Jacques H. Dreze (1929-2002) bringing together his principal contributions to the theory of uncertainty in economic decision making previously published separately over the preceding decades, a number of which appeared in English here for the first time.
Of particular note is the important paper on the interpretation and properties of the general equilibrium model pioneered in Arrow, the classic paper co-authored with Franco Modigliani on savings and portfolio choice under uncertainty, and his seminal 1975 article in which he first introduced the 'Dreze equilibrium'.
