Baggins), but quite a host of hobbits of the Baggins and other families come into it, as well as a great many creatures and people not before seen. But I hope you won't quite change your tastes!" He takes time to answer questions from their previous notes: "I illustrated 'The Hobbit' myself (very poorly, I think), but I shan't have time even to try and illustrate this one! I began it about 1938, and it is still growing slowly. "That next book is not finished yet, and it almost looks as if you'll be grown up before it is. Tolkien apologizes for not writing for nearly a year citing his busy work and writing schedule. The recipients, Leila Keane and Patricia Kirke, were two young girls who maintained a lengthy correspondence and friendship with Tolkien after reading The Hobbit. A lengthy letter detailing Tolkien's progress with Lord of the Rings. Three pages, 85 x 122mm on his blind embossed stationery. Autograph letter signed ("Ye olde Professor JRRT") to Leila Keane and Patricia Kirke, Oxford, 9 January 1945. On his progress writing ?The Lord of the Rings? J.R.R. Housed in a custom cloth portfolio and drop-back box. Three pages, quarto, with address panel and armorial seal. Published in German in Kuczynski, M., ed., François Quesnay, Ökonomische Schriften (1971), vol. 295-7, and in Théré, Charles & Perrot: François Quesnay: Oeuvres économiques complètes et autres textes, (2005), vol. Published in INED, François Quesnay et la Physiocratie (1958), vol. A rare opportunity to acquire an autograph of this major economic thinker. He also refers him to the footnotes to question XVI in the sections on population (in which he refers to Pattullo's work), and on commerce, in which he maintains that it is difficult to establish monetary statistics. He wishes to give concrete examples of the yield of certain agricultural products, wine in particular, and asks Forbonnais to assist him in various calculations. It is known that Quesnay frequently distributed his works in manuscript form before their publication, and Quesnay sent a manuscript draft of this work to Forbonnais, probably already corrected to some extent, asking him for assistance. He refers Forbonnais to his Questions intéressantes sur la population., published as part four of Mirabeau's L'Ami des hommes. Quesnay claims it is difficult to compare the earlier financial situation of France to the present situation as it is almost impossible to calculate the increase of the circulation of money at this earlier date, or indeed of the previous 200 years. Forbonnais was later to incorporate this correction. Quesnay criticizes Forbonnais' use of statistics regarding currency and salaries by a long demonstration of the error he has made in his calculations ("Il y a, comme vous le remarquez, l'erreur de fait et l'erreur de déduction relative à la taille et au produit des aides de 1683 comparés à leur état actuel"), and discusses how Forbonnais can correct this error in future editions of his work: "Quant à votre carton, vous pourriez, après avoir rectifié le fait, faire la même observation qui affaibliroit du moins beaucoup l'erreur déduction, ou la conséquence de l'erreur de fait qui est dans l'in 4°". The first part of Quesnay's letter deals with Forbonnais' Recherches et Considerations sur les Finances de la France, which was anonymously published in Basel in May 1758. This post inspired his many works on economic and financial subjects, of which his Recherches et considérations sur les finances de France depuis 1595 jusqu'en 1721 is the best known, surveying over a century of French finances, including the John Law period. After working in trade and industry for some years he realized his ambition of an official post in the government in 1756 when he was appointed general inspector of currency. The present letter is one of two written to François Véron de Forbonnais, a leading economist of the eighteenth century, and one of France's ablest administrators. Of the twenty-four letters, only three remain in private hands, the rest being held institutionally. One of only twenty-four surviving letters of François Quesnay, the leading figure of the Physiocrats, generally considered the first school of economic thinkers.
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