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Henry Higgs
Henry Higgs (4 March 1864 – 21 May 1940) was a British civil servant, economist, and historian of economic thought. Higgs joined the War Office as a Lower Division Clerk in 1882. From there he moved to the Postmaster General's Office in 1884 when he also began taking courses at University College London/ He received an LLB degree at the latter in 1890. He went to Treasury in 1899. Following the end of the Second Boer War in June 1902, Higgs travelled to Natal to examine the working of the Civil Service of that colony on behalf of its government. He stayed in South Africa for six months from October 1902 until late Spring 1903. He was appointed Private Secretary of then-Prime Minister Henry Campbell-Bannerman in 1905 serving for three years before returning to Treasury in 1908. Higgs was a founding member of the British Economic Association in 1890 and contributed to securing a Royal Charter for it in 1902, which was followed by a name change to the Royal Economic Society. He w ...
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Civil Servant
The civil service is a collective term for a sector of government composed mainly of career civil servants hired on professional merit rather than appointed or elected, whose institutional tenure typically survives transitions of political leadership. A civil servant, also known as a public servant, is a person employed in the public sector by a government department or agency for public sector undertakings. Civil servants work for central and state governments, and answer to the government, not a political party. The extent of civil servants of a state as part of the "civil service" varies from country to country. In the United Kingdom (UK), for instance, only Crown (national government) employees are referred to as "civil servants" whereas employees of local authorities (counties, cities and similar administrations) are generally referred to as "local government civil service officers", who are considered public servants but not civil servants. Thus, in the UK, a civil servant i ...
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A Dictionary Of Economics
A, or a, is the first letter and the first vowel of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, " a", and its variant " an", are indefinite articles. History The earliest certain ancestor of "A" is aleph (also written 'aleph), the first letter of the Phoenician alphabet, which consisted entirely of consonants (for that reason, it is also called an abjad to distinguish it f ...
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1940 Deaths
Year 194 ( CXCIV) was a common year starting on Tuesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Septimius and Septimius (or, less frequently, year 947 ''Ab urbe condita''). The denomination 194 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus and Decimus Clodius Septimius Albinus Caesar become Roman Consuls. * Battle of Issus: Septimius Severus marches with his army (12 legions) to Cilicia, and defeats Pescennius Niger, Roman governor of Syria. Pescennius retreats to Antioch, and is executed by Severus' troops. * Septimius Severus besieges Byzantium (194–196); the city walls suffer extensive damage. Asia * Battle of Yan Province: Warlords Cao Cao and Lü Bu fight for control over Yan Province; the battle lasts for over 100 ...
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1864 Births
Events January–March * January 13 – American songwriter Stephen Foster ("Oh! Susanna", "Old Folks at Home") dies aged 37 in New York City, leaving a scrap of paper reading "Dear friends and gentle hearts". His parlor song "Beautiful Dreamer" is published in March. * January 16 – Denmark rejects an Austrian-Prussian ultimatum to repeal the Danish Constitution, which says that Schleswig-Holstein is part of Denmark. * January 21 – New Zealand Wars: The Tauranga campaign begins. * February – John Wisden publishes '' The Cricketer's Almanack for the year 1864'' in England; it will go on to become the major annual cricket reference publication. * February 1 – Danish-Prussian War (Second Schleswig War): 57,000 Austrian and Prussian troops cross the Eider River into Denmark. * February 15 – Heineken brewery founded in Netherlands. * February 17 – American Civil War: The tiny Confederate hand-propelled submarine '' H. ...
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, a ...
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Clara Collet
Clara Collet (10 September 1860 – 3 August 1948) was an economist and British civil servant. She was one of the first women graduates from the University of London and was pivotal in many reforms which greatly improved working conditions and pay for women during the early part of the twentieth century. She is also noted for the collection of statistical and descriptive evidence on the life of working women and poor people in London and elsewhere in England. Education Her Unitarian father, Collet Dobson Collet, sent her to the North London Collegiate School close to where she lived, which was one of the most liberated schools for girls at that time. When finishing her education at the Collegiate School in 1878, she was recommended by the founder of the school, Frances Buss, to work as assistant mistress at the newly founded Wyggeston Girls' School in Leicester, later to become Regent College. Her salary was £80 and she got herself coached by masters from the boy's grammar sc ...
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Inglis Palgrave
Sir Robert Harry Inglis Palgrave (11 June 1827 – 25 January 1919) was a British economist. Early life Robert Harry Inglis Palgrave was born on 11 June 1827. He was the son of Francis Palgrave (born Cohen) and his wife Elizabeth Turner, daughter of the banker Dawson Turner. His brothers were Francis Turner Palgrave, William Gifford Palgrave and Sir Reginald Palgrave. He was educated at Charterhouse School. Career In 1843, at the age of 16, he joined the bank of Deacon, Williams and Co. He then in 1845 joined Dawson Turner Turner and Gurney in Yarmouth, the banking firm of his grandfather Dawson Turner. He was also a director of Barclay and Co. and a clerk of the House of Commons. In 1877 he became financial editor of ''The Economist'' and became editor-in-chief on the death of Walter Bagehot the same year, a position he held until 1883. He produced the three volume '' Palgrave's Dictionary of Political Economy'' (1894, 1896 and 1899) and also edited the collecte ...
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Herbert Foxwell
Herbert Somerton Foxwell, FBA (17 June 1849 – 3 August 1936) was an English economist. Biography Foxwell was born in Somerset, the son of an ironmonger and slate and timber merchant. He received his early education at the Wesleyian Collegiate Institute, Taunton. After passing the London Matriculation examination at the minimum age, he obtained a London External BA Degree at the age of 18. He went to St. John's College, Cambridge in 1868. He was placed senior in the Moral Sciences Tripos in 1870 and was associated with the college for the rest of his life. He was made a Fellow in 1874 and held his college lectureship for sixty years. In the University he was largely responsible for the honours teaching of economics from 1877 to 1908. Foxwell was assistant lecturer to his friend Stanley Jevons who had held the Chair of Economics at University College London from 1868 and then succeeded Jevons as chair in May 1881, holding the post until 1927. At the same time, Foxwell was N ...
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Physiocrats
Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists who believed that the wealth of nations derived solely from the value of "land agriculture" or "land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy became one of the first well-developed theories of economics. François Quesnay (1694–1774), the marquis de Mirabeau (1715–1789) and Anne-Robert-Jacques Turgot (1727–1781) dominated the movement,Steiner (2003), pp. 61–62 which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's ''The Wealth of Nations'' in 1776. The physiocrats made a significant contribution in their emphasis on productive work as the source of national wealth. This contrasted with earlier schools, in partic ...
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Essay On The Nature Of Trade In General
''Essay on the Nature of Trade in General'' (french: Essai sur la Nature du Commerce en Général) is a book about economics by Richard Cantillon. Written around 1730, and published in French in 1755. This book was considered by William Stanley Jevons to be the "cradle of political economy".Jevons 1881, p. 342; writes Jevons, "Cantillon's essay is, more emphatically than any other single work, 'the cradle of political economy.'" Cantillon 2010, p. 15; Editors Mark Thornton and Chantal Saucier write, "The influence of Cantillon's manuscript was largely unknown and the book had fallen so far into neglect that William Stanley Jevons was said to have "rediscovered" it in the late 19th century." This work remains Cantillon's only surviving contribution to economics. It was written around 1730 and circulated widely in manuscript form, but was not published until 1755. His work was translated into Spanish by Gaspar Melchor de Jovellanos, probably in the late 1770s, and considered essenti ...
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Richard Cantillon
Richard Cantillon (; 1680s – ) was an Irish-French economist and author of '' Essai Sur La Nature Du Commerce En Général'' (''Essay on the Nature of Trade in General''), a book considered by William Stanley Jevons to be the "cradle of political economy". Although little information exists on Cantillon's life, it is known that he became a successful banker and merchant at an early age. His success was largely derived from the political and business connections he made through his family and through an early employer, James Brydges. During the late 1710s and early 1720s, Cantillon speculated in, and later helped fund, John Law's Mississippi Company, from which he acquired great wealth. However, his success came at a cost to his debtors, who pursued him with lawsuits, criminal charges, and even murder plots until his death in 1734. ''Essai'' remains Cantillon's only surviving contribution to economics. It was written around 1730 and circulated widely in manuscript form, bu ...
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Murray Milgate
Murray Milgate (born 1950), is an Australian-born academic economist and Sometime Fellow and director of studies in economics at Queens' College in the University of Cambridge, where he is now a Life Fellow. He is the co-creator and co-editor of the celebrated original edition of ''The New Palgrave Dictionary of Economics'' (1987) together with John Eatwell and Peter Newman. Biography Milgate was educated at the University of Sydney and the University of Cambridge where he taught economics before moving to Harvard University in 1984. He returned to Cambridge in 1996. He is best known for his contributions to the dissemination of economic knowledge through his ''New Palgrave'' activities and his published writings that focus on exploring: (1) the relation between classical economic theory and Keynesian economics as an alternative to standard neoclassical thinking about the market mechanism; (2) the history of nineteenth-century political economy. An assessment of aspects of ...
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