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Joseph Lowe (economist)
Joseph Lowe (died 1831) was a Scottish journalist and political economist, well known for his pioneer treatment of indexation. Maurice Kendall called him the generally recognised "father of index numbers". In the debate on the Corn Laws in 1839, Sir Robert Peel cited the views of Lowe and Thomas Tooke, to argue against imposing a low fixed rate of import duty on corn. Life From Brechin, Lowe attended the University of St Andrews and University of Edinburgh. He then went into business, spending time in the Netherlands from 1792, and then London. Lowe spent a period at Caen in France, from June 1814. From September 1815 he was tutor there to Edward Deas Thomson and his elder brother; Thomson later kept in touch and discussed technology with Lowe. He also employed Nathaniel Morren and others as writers. James Mill was a friend of Lowe from school days, and his son John Stuart Mill visited Lowe in France for some weeks in 1821. Lowe was appointed lecturer in Commerce at King's Coll ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Economist
Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour markets and financial markets, as well as phenomena such as growth, distribution, inequality, and 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 modern economics. Political economy originated within 16th century western moral philosophy, with theoretical works exploring the administration of states' wealth; "political" signifying the Greek word ''polity'' and "economy" signifying the Greek word '; household management. The earliest works of political economy are usually attributed to the Britis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexander Bain (philosopher)
Alexander Bain (11 June 1818 – 18 September 1903) was a Scottish philosopher and educationalist in the British school of empiricism and a prominent and innovative figure in the fields of psychology, linguistics, logic, moral philosophy and education reform. He founded ''Mind'', the first ever journal of psychology and analytical philosophy, and was the leading figure in establishing and applying the scientific method to psychology. Bain was the inaugural Regius Chair in Logic and Professor of Logic at the University of Aberdeen, where he also held Professorships in Moral Philosophy and English Literature and was twice elected Lord Rector of the University of Aberdeen. Early life and education Alexander Bain was born in Aberdeen to George Bain, a weaver and veteran soldier, and Margaret Paul. At age eleven he left school to work as a weaver (occupation), weaver hence the description of him as Weevir, ''rex philosophorum''. He also attended lectures at the Mechanics' Insti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constant Price Estimate
Constant or The Constant may refer to: Mathematics * Constant (mathematics), a non-varying value * Mathematical constant, a special number that arises naturally in mathematics, such as or Other concepts * Control variable or scientific constant, in experimentation the unchanging or constant variable * Physical constant, a physical quantity generally believed to be universal and unchanging * Constant (computer programming), a value that, unlike a variable, cannot be reassociated with a different value * Logical constant, a symbol in symbolic logic that has the same meaning in all models, such as the symbol "=" for "equals" People * Constant (given name) * Constant (surname) * John, Elector of Saxony (1468–1532), known as John the Constant * Constant Nieuwenhuys (1920-2005), better known as Constant Places * Constant, Barbados, a populated place Arts and entertainment * "The Constant", a 2008 episode of the television show ''Lost'' * ''The Constant'' (Story of the Year alb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arthur Young (writer)
Arthur Young (11 September 1741 – 12 April 1820) was an English agriculturist. Not himself successful as a farmer, he built on connections and activities as a publicist a substantial reputation as an expert on agricultural improvement. After the French Revolution of 1789, his views on its politics carried weight as an informed observer, and he became an important opponent of British reformers. Young is considered a major English writer on agriculture, although he is best known as a social and political observer. Also read widely were his ''Tour in Ireland'' (1780) and ''Travels in France'' (1792). Early life Young was born in 1741 at Whitehall, London, the second son of Anna Lucretia Coussmaker, and her husband Arthur Young, who was rector of Bradfield Combust in Suffolk and chaplain to Arthur Onslow. After attending school at Lavenham from 1748, he was in 1758 placed at Messrs Robertson, a mercantile house in King's Lynn. His sister Elizabeth Mary, who married John Thomlinso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Shuckburgh
Sir George Augustus William Shuckburgh-Evelyn, 6th Baronet (23 August 1751 – 11 August 1804) was a British politician, mathematician and astronomer. Life George Shuckburgh was born on 23 August 1751, the son of Richard Shuckburgh of Limerick. He was educated at Rugby School and Balliol College, Oxford, from which he earned a bachelor's degree in 1772. He became a baronet in 1773, on the death of his uncle, and (after returning from his postgraduate travels to Europe) moved to Shuckburgh Hall, the family estate in Shuckburgh, Warwickshire. In 1774, Shuckburgh was elected a Fellow of the Royal Society. He served in the House of Commons as a Member of Parliament for Warwickshire from 1780 until his death in 1804. In 1782, he was married to Sarah Johanna Darker, daughter of John Darker. His second marriage on 6 October 1785 was to Julia Annabella Evelyn, the daughter of James Evelyn of Felbridge; when his father-in-law died in 1793, Shuckburgh added Evelyn to his own surname. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Fleetwood
William Fleetwood (1 January 16564 August 1723) was an English preacher, Bishop of St Asaph and Bishop of Ely, remembered by economists and statisticians for constructing a price index in his ''Chronicon Preciosum'' of 1707. Life Fleetwood was descended of an ancient Lancashire family, and was born in the Tower of London on New Year's Day 1656. He received his education at Eton and at King's College, Cambridge. About the time of the Revolution he took orders, and was shortly afterwards made rector of St Austin's, London, and lecturer of St Dunstan's in the West. He became a canon of Windsor in 1702, and in 1708 he was nominated to the see of St Asaph, from which he was translated in 1714 to that of Ely. He died at Tottenham, Middlesex, on 4 August 1723. Fleetwood was regarded as the best preacher of his time. He was accurate in learning, and effective in delivery, and his character stood deservedly high in general estimation. In episcopal administration he far excelled most o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Shuckburgh-Evelyn
Sir George Augustus William Shuckburgh-Evelyn, 6th Baronet (23 August 1751 – 11 August 1804) was a British politician, mathematician and astronomer. Life George Shuckburgh was born on 23 August 1751, the son of Richard Shuckburgh of Limerick. He was educated at Rugby School and Balliol College, Oxford, from which he earned a bachelor's degree in 1772. He became a baronet in 1773, on the death of his uncle, and (after returning from his postgraduate travels to Europe) moved to Shuckburgh Hall, the family estate in Lower Shuckburgh, Shuckburgh, Warwickshire. In 1774, Shuckburgh was elected a List of fellows of the Royal Society S, T, U, V, Fellow of the Royal Society. He served in the British House of Commons, House of Commons as a Member of Parliament (United Kingdom), Member of Parliament for Warwickshire (UK Parliament constituency), Warwickshire from 1780 until his death in 1804. In 1782, he was married to Sarah Johanna Darker, daughter of John Darker. His second marriage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indexed Unit Of Account
When a daily indexed unit of account or Daily Consumer Price Index (Daily CPI) or monetized daily indexed unit of account is used in contracts or in the Capital Maintenance in Units of Constant Purchasing Power accounting model, deferred payments and constant real value non-monetary items are indexed to the general price level in terms of a Daily Index such that changes in the inflation rate—in the case of monetary items—and the stable measuring unit assumption—in the case of constant real value non-monetary items—have no effect on the real value of these items. Non-indexed units, such as contracts written in nominal currency units and nominal monetary items, incur inflation or deflation risk in the case of monetary items. During all periods of inflation (low, high or hyperinflation), the debtor pays less in real terms than what both the debtor and creditor agreed at the original time of the contract/sale. On the other hand, in periods of deflation, the debtor pays more in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Malthus
Thomas Robert Malthus (; 13/14 February 1766 – 29 December 1834) was an English cleric, scholar and influential economist in the fields of political economy and demography. In his 1798 book '' An Essay on the Principle of Population'', Malthus observed that an increase in a nation's food production improved the well-being of the population, but the improvement was temporary because it led to population growth, which in turn restored the original per capita production level. In other words, humans had a propensity to utilize abundance for population growth rather than for maintaining a high standard of living, a view that has become known as the "Malthusian trap" or the "Malthusian spectre". Populations had a tendency to grow until the lower class suffered hardship, want and greater susceptibility to war famine and disease, a pessimistic view that is sometimes referred to as a Malthusian catastrophe. Malthus wrote in opposition to the popular view in 18th-century Europe tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Economy
A war economy or wartime economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence." Some measures taken include the increasing of Taylor rates as well as the introduction of resource allocation programs. Approaches to the reconfiguration of the economy differ from country to country. Many states increase the degree of planning in their economies during wars; in many cases this extends to rationing, and in some cases to conscription for civil defenses, such as the Women's Land Army and Bevin Boys in the United Kingdom during World War II. During total war situations, certain buildings and positions are often seen as important targets by combatants. The Union blockade, Union General William Tecumseh Sherman's March to the Sea during the American Civil War, and the strategic bombing of enemy c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
