Economics and Finance
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![Pre-Classical Economists Volume I: Charles Davenant (1656–1714) and William Petty (1623–1687)]()
Pre-Classical Economists Volume I: Charles Davenant (1656–1714) and William Petty (1623–1687)
Edited by Mark Blaug
Charles Davenant was one of the leading economic pamphleteers of the 1690s. He frequently developed general principles, some of which sound almost like the early writings of Adam Smith. He was, however, a Mercantilist in the sense that... -
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![Pre-Classical Economists Volume II:]()
Pre-Classical Economists Volume II:
Edited by Mark Blaug
Pierre le Pesant Boisguilbert was considered by Marx as one of the founders of classical political economy. His writings contain a large number of concepts and ideas that reappear in the writings of Quesnay, Cantillon and Adam Smith. G... -
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![Pre-Classical Economists Volume III: John Law (1671–1729) and Bernard Mandeville (1660–1733)]()
Pre-Classical Economists Volume III: John Law (1671–1729) and Bernard Mandeville (1660–1733)
Edited by Mark Blaug
John Law was one of those extraordinary personalities in which the 18th century seemed to abound. He held a demand-and-supply theory of value and treated the value of money or the determination of the average level of prices as only a s... -
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![Richard Cantillon (1680–1734) and Jacques Turgot (1727–1781)]()
Richard Cantillon (1680–1734) and Jacques Turgot (1727–1781)
Edited by Mark Blaug
Richard Cantillon was an Irish refugee who fled to France after the defeat of James II. As a business associate of John Law he sold stock on a rising market and made a fortune from the Mississippi Bubble. His one great book ‘Essay on t... -
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![Francois Quesnay (1694–1774)]()
Francois Quesnay (1694–1774)
Edited by Mark Blaug
Francois Quesnay is best known for the Tableau Economique, the proposition that only agriculture generates a positive ''net product'' and that industry is ‘sterile’. He recommended a ‘single tax’ on ground rent and invented the slogan ‘... -
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![David Hume (1711–1776) and James Steuart (1712–1780)]()
David Hume (1711–1776) and James Steuart (1712–1780)
Edited by Mark Blaug
David Hume is best known for his work on political philosophy. However, he wrote a series of essays on money, population and international trade which must rank among the major economic writings of the 18th century. Certainly they infl... -
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![Adam Smith (1723–1790)]()
Adam Smith (1723–1790)
Edited by Mark Blaug
Until comparatively recently, Adam Smith was known mainly as the author of a single book, The Wealth of Nations. Modern scholarship and the greater availability of his other work has thrown new light on Adam Smith suggesting that he was... -
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![Henry Thornton (1760–1815), Jeremy Bentham (1748–1832), James Lauderdale (1759–1839) and Simonde de Sismondi (1773–1842)]()
Henry Thornton (1760–1815), Jeremy Bentham (1748–1832), James Lauderdale (1759–1839) and Simonde de Sismondi (1773–1842)
Edited by Mark Blaug
Henry Thornton’s Inquiry into the Nature and Effects of the Paper Credit of Great Britain (1802) is the repository of much of what is the best and most clear in modern monetary theory. However, it is only in recent years, largely throug... -
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![David Ricardo (1772–1823)]()
David Ricardo (1772–1823)
Edited by Mark Blaug
Ricardo’s intellectual appeal, both amongst his contemporaries and more recently, rested on his remarkable gift for heroic abstractions: he seized hold of a wide range of significant problems with a simple analytical model and yielded, a... -
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![Ramsay McCulloch (1789–1864), Nassau Senior (1790–1864) and Robert Torrens (1780–1864)]()
Ramsay McCulloch (1789–1864), Nassau Senior (1790–1864) and Robert Torrens (1780–1864)
Edited by Mark Blaug
Between the death of Ricardo in 1823 and the publication of J.S. Mill’s Principles of Political Economy (1848) there flourished a generation of minor but occasionally highly original English economists. Chief amongst these were Ramsay M... -
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![Thomas Tooke (1774–1858), Mountifort Longfield (1802–1884) and Richard Jones (1790–1855)]()
Thomas Tooke (1774–1858), Mountifort Longfield (1802–1884) and Richard Jones (1790–1855)
Edited by Mark Blaug
Thomas Tooke was the founder of the contra-quantity theory of money – the view that monetary policy is powerless to influence prices because the supply of money depends on the flow of money expenditure and hence is the result and not the... -
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![William Whewell (1794–1866), Dionysius Lardner (1793–1859) and Charles Babbage (1792–1871)]()
William Whewell (1794–1866), Dionysius Lardner (1793–1859) and Charles Babbage (1792–1871)
Edited by Mark Blaug
The importance of Whewell, Lardner and Babbage to the history of economic thought is as dependent upon the retrospective reading of their work as it is upon their contemporary significance. However, their individual reactions to the ind...
