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Price: £594.00

  

Treatise on the Valuation of Annuities and Assurances on Lives and Survivorships; on the Construction of Tables of Mortality: and on the Probabilities and Expectations of Life. In Two Volumes.

By Joshua Milne

1815 - London - For the Author, Longman, Hurst, Rees, Orme, and Brown

8.5" by 5.5", (5), lv, 388; 389-783pp


 

DETAILS

The first edition of Milne's influential and revolutionary treatise on acturial science.

Complete in Two Volumes.

In an Equitable Assurance Company binding, with their name in gilt to the front boards.

With Riley Dunn & Wilson, Conservators & Bookbinders, labels to the rear pastedowns.

Joshua Milne, 1776-1851, was an actuary.

"The premium rates and life tables that Sun Life adopted in 1810 were based on the table deduced by Dr Richard Price... Milne found them to depend on inadequate data, and the rates based on them too high. His knowledge of mathematics enabled him to reconstruct the life tables, taking as the basis of his calculations the Carlisle bills of mortality... he published in 1815 his famous two-volume work, A treatise on the valuation of annuities and assurances... The result was a revolution in actuarial science. Milne's table was remarkably accurate, and was very generally adopted by insurance societies. The Sun retained for over a century some of the premium rates that Milne introduced in 1820, and his table of mortality was only finally superseded in 1870" -DNB.

CONDITION

In a full calf binding, rebacked, with the original boards, and the spine laid down. Externally, the original boards are rubbed, with slight loss to the spine labels. The hinges have been reinforced as part of the conservation process. Internally, firmly bound, with just the occasional spot. Overall: VERY GOOD.


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Price: £594.00


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