Isaac Gervaise
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Isaac Gervaise
Gervaise wrote a prototypical examination of monetary theory in 1720 Isaac Gervaise (born ca. 1680 in Paris, died 1739) was an English merchant and economist. Gervaise was of a Huguenot family which fled to England in 1681. He was granted naturalization in 1698, and in 1699 became Elder and Secretary of Consistoire in Church of Leicester Fields. In 1720 he published '' The System or Theory of the Trade of the World'', one of the first treatises on political economy Political economy is the study of how Macroeconomics, economic systems (e.g. Marketplace, markets and Economy, national economies) and Politics, political systems (e.g. law, Institution, institutions, government) are linked. Widely studied ph .... References 1680s births 1739 deaths English economists English Presbyterians 17th-century English businesspeople 18th-century English businesspeople Huguenots French emigrants to the Kingdom of England {{UK-economist-stub ...
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Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called the capital of the world. The City of Paris is the centre of the Île-de-France region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the region France's primate city. The Paris Region had a GDP of €739 billion ($743 billion) in 2019, which is the highest in Europe. According to the Economist Intelli ...
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England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. The area now called England was first inhabited by modern humans during the Upper Paleolithic period, but takes its name from the Angles, a Germanic tribe deriving its name from the Anglia peninsula, who settled during the 5th and 6th centuries. England became a unified state in the 10th century and has had a significant cultural and legal impact on the wider world since the Age of Discovery, which began during the 15th century. The English language, the Anglican Church, and Engli ...
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Huguenot
The Huguenots ( , also , ) were a religious group of French Protestants who held to the Reformed, or Calvinist, tradition of Protestantism. The term, which may be derived from the name of a Swiss political leader, the Genevan burgomaster Bezanson Hugues (1491–1532?), was in common use by the mid-16th century. ''Huguenot'' was frequently used in reference to those of the Reformed Church of France from the time of the Protestant Reformation. By contrast, the Protestant populations of eastern France, in Alsace, Moselle, and Montbéliard, were mainly Lutherans. In his ''Encyclopedia of Protestantism'', Hans Hillerbrand wrote that on the eve of the St. Bartholomew's Day massacre in 1572, the Huguenot community made up as much as 10% of the French population. By 1600, it had declined to 7–8%, and was reduced further late in the century after the return of persecution under Louis XIV, who instituted the '' dragonnades'' to forcibly convert Protestants, and then finally revoke ...
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The System Or Theory Of The Trade Of The World
''On the System or Theory of the Trade of the World'' is an immediate precursor to the first modern economic texts, written by Isaac Gervaise and published in 1720. Along with several other early economic texts, Gervaise was building on the efforts to understand the catastrophic damage that the unstable value of gold had wreaked upon Europe during the two centuries of price revolution that had occurred up to that point. During that period, the importation of gold from the New World had caused relatively enormous inflation in Europe, especially Spain, with fluctuations of deflation in between. The Book Written thirty years before Ferdinando Galiani's book on monetary theory, ''Della Moneta'' (which may have built upon it), ''Trade of the World'' attempted to examine the same problems that prompted Galiani, though he did so in a more primitive way. Among the topics he explicitly identifies and addresses are "Credit, and Its Effects on Trade", "The Balance of Trade", and inflation ...
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Political Economy
Political economy is the study of how Macroeconomics, economic systems (e.g. Marketplace, markets and Economy, national economies) and Politics, political systems (e.g. law, Institution, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as Market economy, labour markets and Financial market, financial markets, as well as phenomena such as Economic growth, growth, Distribution of wealth, distribution, Economic inequality, inequality, and International trade, trade, and how these are shaped by institutions, laws, and government policy. Originating in the 16th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and Neoclassical economics, modern economics. Political economy originated within 16th century western Ethics, moral philosophy, with theoretical works exploring the administration ...
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1680s Births
Year 168 ( CLXVIII) was a leap year starting on Thursday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Apronianus and Paullus (or, less frequently, year 921 ''Ab urbe condita''). The denomination 168 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 Marcus Aurelius and his adopted brother Lucius Verus leave Rome, and establish their headquarters at Aquileia. * The Roman army crosses the Alps into Pannonia, and subdues the Marcomanni at Carnuntum, north of the Danube. Asia * Emperor Ling of Han succeeds Emperor Huan of Han as the emperor of the Chinese Han Dynasty; the first year of the ''Jianning'' era. Births * Cao Ren, Chinese general (d. 223) * Gu Yong, Chinese chancellor (d. 243) * Li Tong, Chinese general (d. 209) Deaths * Anicetus, pope of Rom ...
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1739 Deaths
Events January–March * January 1 – Bouvet Island is discovered by French explorer Jean-Baptiste Charles Bouvet de Lozier, in the South Atlantic Ocean. * January 3: A 7.6 earthquake shakes the Ningxia Hui Autonomous Region in China killing 50,000 people. * February 24 – Battle of Karnal: The army of Iranian ruler Nader Shah defeats the forces of the Mughal emperor of India, Muhammad Shah. * March 20 – Nader Shah occupies Delhi, India and sacks the city, stealing the jewels of the Peacock Throne, including the Koh-i-Noor. April–June * April 7 – English highwayman Dick Turpin is executed by hanging for horse theft. * May 12 – John Wesley lays the foundation stone of the New Room, Bristol in England, the world's first Methodist meeting house. * June 13 – (June 2 Old Style); The Royal Swedish Academy of Sciences is founded in Stockholm, Sweden. July–September * July 9 – The first group purporting to repres ...
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English Economists
English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national identity, an identity and common culture ** English language in England, a variant of the English language spoken in England * English languages (other) * English studies, the study of English language and literature * ''English'', an Amish term for non-Amish, regardless of ethnicity Individuals * English (surname), a list of notable people with the surname ''English'' * People with the given name ** English McConnell (1882–1928), Irish footballer ** English Fisher (1928–2011), American boxing coach ** English Gardner (b. 1992), American track and field sprinter Places United States * English, Indiana, a town * English, Kentucky, an unincorporated community * English, Brazoria County, Texas, an unincorporated community * Engli ...
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English Presbyterians
Presbyterianism in England is practised by followers of the Reformed tradition within Protestantism who practise the Presbyterian form of church government. Dating in England as a movement from 1588, it is distinct from Continental and Scottish forms of Presbyterianism. The Unitarian historian Alexander Gordon (1841-1931) stated that, whereas in Scotland, church government is based on a meeting of delegates, in England the individual congregation is the primary body of government. This was the practice in Gordon's day, however, most of the sixteenth and seventeenth century English theoreticians of Presbyterianism, such as Thomas Cartwright, John Paget, the Westminster Assembly of Divines and the London Provincial Assembly, envisaged a Presbyterian system composed of congregations, classes and synods. Historically Presbyterians in England were subsumed into the United Reformed Church in 1972. In more recent years the Evangelical Presbyterian Church in England and Wales and ...
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17th-century English Businesspeople
The 17th century lasted from January 1, 1601 ( MDCI), to December 31, 1700 ( MDCC). It falls into the early modern period of Europe and in that continent (whose impact on the world was increasing) was characterized by the Baroque cultural movement, the latter part of the Spanish Golden Age, the Dutch Golden Age, the French ''Grand Siècle'' dominated by Louis XIV, the Scientific Revolution, the world's first public company and megacorporation known as the Dutch East India Company, and according to some historians, the General Crisis. From the mid-17th century, European politics were increasingly dominated by the Kingdom of France of Louis XIV, where royal power was solidified domestically in the civil war of the Fronde. The semi-feudal territorial French nobility was weakened and subjugated to the power of an absolute monarchy through the reinvention of the Palace of Versailles from a hunting lodge to a gilded prison, in which a greatly expanded royal court could be more easily ...
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18th-century English Businesspeople
The 18th century lasted from January 1, 1701 ( MDCCI) to December 31, 1800 ( MDCCC). During the 18th century, elements of Enlightenment thinking culminated in the American, French, and Haitian Revolutions. During the century, slave trading and human trafficking expanded across the shores of the Atlantic, while declining in Russia, China, and Korea. Revolutions began to challenge the legitimacy of monarchical and aristocratic power structures, including the structures and beliefs that supported slavery. The Industrial Revolution began during mid-century, leading to radical changes in human society and the environment. Western historians have occasionally defined the 18th century otherwise for the purposes of their work. For example, the "short" 18th century may be defined as 1715–1789, denoting the period of time between the death of Louis XIV of France and the start of the French Revolution, with an emphasis on directly interconnected events. To historians who expand ...
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