The Works and Correspondence of David Ricardo
Total Page:16
File Type:pdf, Size:1020Kb

Load more
Recommended publications
-
The Development of the Theory of Money from Adam Smith to David Ricardo Jacob H
The Development of the Theory of Money from Adam Smith to David Ricardo Jacob H. Hollander Quarterly Journal of Economics, volume 25, (1910-11) pp. 429-470 More than a generation separated the appearance of Adam Smith's "Wealth of Nations" in 1776 from the publication of David Ricardo's "High Price of Bullion" in 1810. Memorable as these years were with events in the industrial life of England, they witnessed but little change in the prevailing body of economic thought. The "Wealth of Nations," despite Hume's lament that the two stately quartos required too much thought and reflection to be popular, reached a tenth edition in 1799.(1) In the political world, Grenville in 1800 could remind Pitt of their common conviction as to "the soundness of Adam Smith's principles of political economy.''(2) In academic circles, Dugald Stewart was Adam Smith's successor in office and in spirit in the University of Edinburgh, attracting from 1800 on a notable group of gifted students to his eloquent exposition of the "Wealth of Nations.''(3) In the intellectual field, young men like Francis Horner, Lord Webb, James Mill, and Thomas Chalmers were supplementing legal and theological studies by critical reading of Adam Smith's text. There was some minor dissent from certain of Adam Smith's conclusions:(4) Dugald Stewart seems to have been less of the docile expositor and more of the independent critic than he would have us believe. James Anderson stood out vigorously for the utility of corn law bounties. Jeremy Bentham filed a cogent brief against the impolicy of usury laws. -
Dear Prudence: W.F. Lloyd on Population Growth and the Natural Wage
Dear Prudence: W.F. Lloyd on Population Growth and the Natural Wage Michael V. White Economics Department, Monash University [email protected] Presented to the Twenty-Third Conference of the History of Economic Thought Society of Australia, University of Sydney, 7-9 July 2010. [T]hough the interest of the labourer is strictly connected with that of the society, he is incapable either of comprehending that interest, or of understanding its connection with his own. His condition leaves him no time to receive the necessary information, and his education and habits are commonly such as to render him unfit to judge even though he was fully informed. In the publick deliberations, therefore, his voice is little heard and less regarded… Adam Smith [(1776) 1976a, I, xi, p.266] The Reverend William Forster Lloyd, Student of Christ Church and former lecturer in mathematics, was elected as the third Drummond professor of political economy at Oxford University in February 1832. Following the requirements of the university statute which established the chair, Lloyd published the first of his lectures, titled “Two lectures on the checks to population”, in the next year [Lloyd 1833]. Having read that pamphlet, the radical Francis Place wrote to Lloyd because they were both “fellow labourers for the benefit of the people”. Place had concluded that Lloyd followed Thomas Robert Malthus and Thomas Chalmers in recommending “late marriages[,] the parties in the meantime living chastely”, as the cure for excessive population growth and hence the condition of “the working people”. Citing a lecture by the surgeon Dr. -
1. the Damnation of Economics
Notes 1. The Damnation of Economics 1. One example of vice-regal patronage of anti-economics is Canada’s ‘Governor General’s Award for Non-Fiction’. In 1995 this honour was bestowed upon John Raulston Saul’s anti-economic polemic The Unconscious Civilization (published in 1996). A taste of Saul’s wisdom: ‘Over the last quarter-century economics has raised itself to the level of a scientific profession and more or less foisted a Nobel Prize in its own honour onto the Nobel committee thanks to annual financing from a bank. Yet over the same 25 years, economics has been spectacularly unsuc- cessful in its attempts to apply its models and theories to the reality of our civili- sation’ (Saul 1996, p. 4). See Pusey (1991) and Cox (1995) for examples of patronage of anti-economics by Research Councils and Broadcasting Corporations. 2. Another example of economists’ ‘stillness’: the economists of 1860 did not join the numerous editorial rebukes of Ruskin’s anti-economics tracts (Anthony, 1983). 3. The anti-economist is not to be contrasted with the economist. An economist (that is, a person with a specialist knowledge of economics) may be an anti- economist. The true obverse of anti-economist is ‘philo-economist’: someone who holds that economics is a boon. 4. One may think of economics as a disease (as the anti-economist does), or one may think of economics as diseased. Mark Blaug: ‘Modern economics is “sick” . To para- phrase the title of a popular British musical: “No Reality, Please. We’re Economists”’ (Blaug 1998, p. -
Letters on the Sinking Fund from David Ricardo to Francis Place Author(S): David Ricardo Source: the Economic Journal, Vol
Letters on the Sinking Fund from David Ricardo to Francis Place Author(s): David Ricardo Source: The Economic Journal, Vol. 3, No. 10 (Jun., 1893), pp. 289-293 Published by: Wiley on behalf of the Royal Economic Society Stable URL: http://www.jstor.org/stable/2955672 Accessed: 27-06-2016 09:56 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://about.jstor.org/terms JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. Royal Economic Society, Wiley are collaborating with JSTOR to digitize, preserve and extend access to The Economic Journal This content downloaded from 198.91.37.2 on Mon, 27 Jun 2016 09:56:17 UTC All use subject to http://about.jstor.org/terms NOTES AND MEMORANDA LETTERS ON THE SINKING FUND FROM DAVID RICARDO TO FRANCIS PLACE. [These letters are bound up in a volume of the Place MSS. in the British Museum (Add. MSS. 27836 ff. 113-118). The Editor's attention was directed to them by Mr. Graham Wallas, who is engaged on a memoir of Francis Place. The fund referred to is the second sinking fund, established in 1786 by Pitt after the abolition of the first (1716-1786). Much interest had been excited by an attack on the principles of this fund, in An Inquiry into the Rise, Progress, etc., of the National Debt, by Dr. -
The Development of the Theory of Money from Adam Smith to David Ricardo Jacob H
The Development of the Theory of Money from Adam Smith to David Ricardo Jacob H. Hollander Quarterly Journal of Economics, volume 25, (1910-11) pp. 429-470 More than a generation separated the appearance of Adam Smith's "Wealth of Nations" in 1776 from the publication of David Ricardo's "High Price of Bullion" in 1810. Memorable as these years were with events in the industrial life of England, they witnessed but little change in the prevailing body of economic thought. The "Wealth of Nations," despite Hume's lament that the two stately quartos required too much thought and reflection to be popular, reached a tenth edition in 1799.(1) In the political world, Grenville in 1800 could remind Pitt of their common conviction as to "the soundness of Adam Smith's principles of political economy.''(2) In academic circles, Dugald Stewart was Adam Smith's successor in office and in spirit in the University of Edinburgh, attracting from 1800 on a notable group of gifted students to his eloquent exposition of the "Wealth of Nations.''(3) In the intellectual field, young men like Francis Horner, Lord Webb, James Mill, and Thomas Chalmers were supplementing legal and theological studies by critical reading of Adam Smith's text. There was some minor dissent from certain of Adam Smith's conclusions:(4) Dugald Stewart seems to have been less of the docile expositor and more of the independent critic than he would have us believe. James Anderson stood out vigorously for the utility of corn law bounties. Jeremy Bentham filed a cogent brief against the impolicy of usury laws. -
Introduction
Notes Introduction 1.Peter Mandler, Aristocratic Government in the Age of Reform: Whigs and Liberals, 1830–1852 (Oxford: Clarendon Press, 1990), 14. 2.Roy Porter, English Society in the Eighteenth Century (Harmondsworth, England: Penguin Books, 1990), 112. 3. Byron, ‘Don Juan’, Canto 11; John Cannon, ‘New Lamps for Old: the End of Hanoverian England’ in The Whig Ascendancy: Colloquies on Hanoverian England, Cannon, ed. (London: Edward Arnold, 1988), 115. 4.Robert Stewart, Henry Brougham, 1778–1868: His Public Career (London: Bodley Head, 1985), 43–4, 120. 5.Donald Read, The English Provinces c. 1760–1960: A Study in Influence (London: Edward Arnold, 1964). 6.Brougham, ‘Rights and Duties of the People’, Edinburgh Review (November 1812):424, Dror Wahrman, Imagining the Middle Class: The Political Representation of Class in Britain c. 1780–1840 (Cambridge: Cambridge University Press, 1995), 255. 7. J.C.D. Clark, English Society, 1660–1832: Religion, Ideology and Politics During the Ancien Regime (Cambridge: Cambridge University Press, 2000), 513. 8. T.A. Jenkins, The Liberal Ascendancy, 1830–86 (New York: St Martin’s Press, 1994), 19. 9. Jonathan Parry, The Rise and Fall of Liberal Government in Victorian Britain (New Haven: Yale University Press, 1993), 3–4. 10.Walter Bagehot, The English Constitution (Ithaca, NY: Cornell University Press, 1966), 152. 11. Ibid., 28. 12.Richard Brent, Liberal Anglican Politics: Whiggery Religion and Reform, 1830–1 (Oxford: Clarendon Press, 1990), 28, 37, 39. 13. James Abercrombie to George Tierney, 1818, Tierney MSS. 14. Horner to Francis Jeffrey, 15 September 1806, Horner Papers 427. 15. Chester H. New, The Life of Henry Brougham to 1830 (Oxford: Clarendon Press, 1961), 2–3; David Hackett Fisher, Albion’s Seed: Four British Folkways in America (Oxford: Oxford University Press, 1989), 647–8. -
The British Radical Literary Tradition As the Seminal Force in the Development of Adult Education, Its Australian Context, and the Life and Work of Eric Lambert
Writing Revolution: The British Radical Literary Tradition as the Seminal Force in the Development of Adult Education, its Australian Context, and the Life and Work of Eric Lambert Author Merlyn, Teri Published 2004 Thesis Type Thesis (PhD Doctorate) School School of Vocational, Technology and Arts Education DOI https://doi.org/10.25904/1912/3245 Copyright Statement The author owns the copyright in this thesis, unless stated otherwise. Downloaded from http://hdl.handle.net/10072/367384 Griffith Research Online https://research-repository.griffith.edu.au Writing Revolution: The British Radical Literary tradition as the Seminal Force in the Development of Adult Education, its Australian Context, and the Life and Work of Eric Lambert By Teri Merlyn BA, Grad.Dip.Cont.Ed. Volume One School of Vocational, Technology and Arts Education Griffith University Submitted in fulfilment of the requirements of the Degree of Doctor of Philosophy Date:……………………………………………………………………… Abstract This thesis tells the story of an historical tradition of radical literacy and literature that is defined as the British radical literary tradition. It takes the meaning of literature at its broadest understanding and identifies the literary and educational relations of what E P Thompson terms ‘the making of the English working class’ through its struggle for literacy and freedom. The study traces the developing dialectic of literary radicalism and the emergent hegemony of capitalism through the dissemination of radical ideas in literature and a groundswell of public literacy. The proposed radical tradition is defined by the oppositional stance of its participants, from the radical intellectual’s critical texts to the striving for literacy and access to literature by working class people. -
Durham E-Theses
Durham E-Theses The work of Lord Brougham for English education McManners, T. How to cite: McManners, T. (1952) The work of Lord Brougham for English education, Durham theses, Durham University. Available at Durham E-Theses Online: http://etheses.dur.ac.uk/9971/ Use policy The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that: • a full bibliographic reference is made to the original source • a link is made to the metadata record in Durham E-Theses • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders. Please consult the full Durham E-Theses policy for further details. Academic Support Oce, Durham University, University Oce, Old Elvet, Durham DH1 3HP e-mail: [email protected] Tel: +44 0191 334 6107 http://etheses.dur.ac.uk ABSTRACT. THE Ti?ORK 0$ LORD BROUGHAM JOR ENGLISH EDUCATION. Various influences impelled Henry 3rougham (I778-I86S) along the path of educational reform. His? own early life and careful schooling in Scotland, his sensitivity to conditions, contactwith Continental reformers and the influence of the Utilitarian philos• ophy, all helped to mould his ideas. Brougham's ambition however gave the driving force to belief and educational reform was but one means of achieving greatness. The ambitious young 'lawyer came to London and politics in 1305, entering Parliament in 1610. -
ACTA UNIVERSITATIS UPSALIENSIS Skrifter Utgivna Av Statsvetenskapliga Föreningen I Uppsala 196
ACTA UNIVERSITATIS UPSALIENSIS Skrifter utgivna av Statsvetenskapliga föreningen i Uppsala 196 Svante Nycander The History of Western Liberalism Front cover portraits: Thomas Jefferson, Baruch de Spinoza, Adam Smith, Alexis de Tocqueville, Oliver Wendell Holmes, Joseph Schumpeter, Woodrow Wilson, Niccoló Machiavelli, Karl Staaff, John Stuart Mill, François-Marie Arouet dit Voltaire, Mary Wollstonecraft, John Locke, Jean-Jacques Rousseau, Immanuel Kant, Ludwig Joseph Brentano, John Dewey, Wilhelm von Humboldt, Charles-Louis de Secondat Montesquieu, Ayn Rand © Svante Nycander 2016 English translation: Peter Mayers Published in Swedish as Liberalismens idéhistoria. Frihet och modernitet © Svante Nycander and SNS Förlag 2009 Second edition 2013 © Svante Nycander and Studentlitteratur ISSN 0346-7538 ISBN 978-91-554-9569-5 Printed in Sweden by TMG Tabergs AB, 2016 Contents Preface ....................................................................................................... 11 1. Concepts of Freedom before the French Revolution .............. 13 Rights and Liberties under Feudalism and Absolutism ......................... 14 New Ways of Thinking in the Renaissance ........................................... 16 Calvinism and Civil Society .................................................................. 18 Reason as a Gift from God .................................................................... 21 The First Philosopher to Be Both Liberal and Democratic ................... 23 Political Models during the Enlightenment .......................................... -
Leonard Horner: a Portrait of an Inspector of Factories
BERNICE MARTIN LEONARD HORNER: A PORTRAIT OF AN INSPECTOR OF FACTORIES Leonard Horner was the most impressive and influential of the first English factory inspectors. For 26 years from 1833 to 1859 he adminis- tered the Factory Act mainly in the textile district of Lancashire. His work and that of his colleagues in the Factory Department made a success of this major experiment in legislative intervention in industry and despite the gloomy predictions of their early opponents they did not ruin the British economy in the process. The first generation of Inspectors laid the foundation for successive extensions of the Factory Act so that by the end of the 19th century working conditions and hours of labour for women and children were under legal regulation in all the major branches of manufacturing industry. Horner was ac- knowledged by his contemporaries to be the major figure among the early Inspectors; he even had the singular honour of being praised by Marx in Capital. This short biography will concentrate on Horner's work as Inspector of Factories since this is undoubtedly his major achievement. However it will also be concerned with other aspects of his life and interests, both because these have some importance in their own right and also in order to examine the extent to which Horner's life and thought form a coherent whole. Finally, an assessment will be made of Horner's place in social reform and in the development of English economic and social policy in the 19th century. I HORNER'S EARLY LIFE AND CAREER1 Leonard Horner was born in Edinburgh in 1785. -
Vol. 3, No. 4, January, 1904
Number 4 Volume 3 "THE TRIUMPH OF LABOR" By Antoine Wiertz THE COMRADE Beethoven By Carrie Rand Herron ONN, a town on the Rhine a few miles above training was severe and exacting in the extreme. He had Cologne, was the seat of an electorate and but little education aside from music. He learned to read, numbered some 10,000 inhabitants, which write and reckon," but before he was thirteen his father de were chiefly people of the court, and the cided his cholastic education was finished. His lack of edu priests. It was here, December 16th, 1770, cation was a sore trial and mortification to him all his life, that Ludwig van Beethoven was born. He though from a boy he was a great reader. was the oldest son of Johann and Maria He was a sombre, melancholy person and seldom joined Magdalena Beethoven. The father, who in the sports of his age. sang tenor and received an appointment as court singer, in At the age of eleven, he is said to have played the piano herited from his mother a desire for liquor, which doubtless forte with "energetic skill." At about this time, he wrote caused Ludwig muchvtrouble and anxiety during his early nine variations on a given theme, which his teacher had en life. His mother was the daughter of a head cook. The graved to encourage him. Neefe, with whom he was study "van" in the name is not a title of nobility, as is usually sup ing, and to whom Beethoven, after many years, acknowledg posed ; and Beethoven once said, pointing to his head and ed his many obligations, said that if he should keep on as he heart, "my nobility is here and here." had begun that he would surely become a second Mozart. -
An Unpublished Letter from James Mill to Jean-Baptiste Say Victor Bianchini, Nicolas Rieucau
An Unpublished Letter from James Mill to Jean-Baptiste Say Victor Bianchini, Nicolas Rieucau To cite this version: Victor Bianchini, Nicolas Rieucau. An Unpublished Letter from James Mill to Jean-Baptiste Say. History of Political Economy, Duke University Press, 2014, 46 (2), pp.333 - 338. 10.1215/00182702- 2647531. hal-01615078 HAL Id: hal-01615078 https://hal.archives-ouvertes.fr/hal-01615078 Submitted on 11 Oct 2017 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. An Unpublished Letter from James Mill to Jean-Baptiste Say Victor Bianchini & Nicolas Rieucau Forty years ago, on the occasion of the publication of two unpublished letters from J. Mill to J.-B. Say, A. Heertje underlined that “although Say was a friend and correspondent of James Mill, letters from Mill to Say seldom turn up”1. Dated the 25th of February 1817 and the 28th of May 1825, the letters published by A. Heertje were purchased from a Parisian bookshop and, outside the private collections of autographs, to our knowledge, no correspondence between J. Mill and J.-B. Say had been hitherto reported. Thanks to the development of electronic catalogues, it is now possible to find other traces of the epistolary relationship between J.