Joseph Massie (economist)
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Joseph Massie (economist)
Joseph Massie (died 1784) was an 18th-century political economist who wrote about 15 pamphlets dealing with economic and financial questions. Although he was probably less important than writers such as James Denham-Steuart or Josiah Tucker, he contributed to the birth of political economy before Adam Smith. Like most of the political economists writing in the 18th century (and in opposition to those writing in the 17th century), he was not engaged in economic activity. He was indeed a writer and antiquarian, owning more than 1,500 economic treatises, extending from 1557 to 1763. He used this collection, together with contemporary trade statistics, to write some 15 pamphlets on various questions such as urbanism, commerce, finances (and especially the problem of the public debt during the Seven Years' War.) References *For 18th-century economical writers before Adam Smith: "Managing the Great Machine of Trade", in Nancy F. Koehn Nancy may refer to: Places France * Nancy, F ...
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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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Pamphlet
A pamphlet is an unbound book (that is, without a hard cover or binding). Pamphlets may consist of a single sheet of paper that is printed on both sides and folded in half, in thirds, or in fourths, called a ''leaflet'' or it may consist of a few pages that are folded in half and saddle stapled at the crease to make a simple book. For the "International Standardization of Statistics Relating to Book Production and Periodicals", UNESCO defines a pamphlet as "a non-periodical printed publication of at least 5 but not more than 48 pages, exclusive of the cover pages, published in a particular country and made available to the public" and a book as "a non-periodical printed publication of at least 49 pages, exclusive of the cover pages". The UNESCO definitions are, however, only meant to be used for the particular purpose of drawing up their book production statistics. Etymology The word ''pamphlet'' for a small work (''opuscule'') issued by itself without covers came into Middl ...
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James Denham-Steuart
Sir James Steuart, 3rd Baronet of Goodtrees and 7th Baronet of Coltness (; 21 October 1712 – 26 November 1780), also known as Sir James Steuart Denham and Sir James Denham Steuart, was a prominent Scottish Jacobite and author of "probably the first systematic treatise written in English about economics" and the first book in English with 'political economy' in the title. He assumed the surname of Denham late in life; he inherited his cousin's baronetcy of Coltness in 1773. Early life He was one of 12 children of Sir James Steuart, Solicitor General for Scotland under Queen Anne and George I, and was born in Edinburgh. His mother was Anne Dalrymple, daughter of Lord North Berwick, the Lord President of the Court of Session. After graduating from the University of Edinburgh he was admitted to the Scottish bar at the age of twenty-four. He then spent some years on the Continent, and while in Rome entered into relations with the Young Pretender, Charles Edward Stuart. He ...
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Josiah Tucker
Josiah Tucker (also Josias) (December 1713 – 4 November 1799), also known as Dean Tucker, was a Welsh churchman, known as an economist and political writer. He was concerned in his works with free trade, Jewish emancipation and American independence. He became Dean of Gloucester. Life He was born at Laugharne, Carmarthenshire; his father inherited a small estate near Aberystwyth, and sent his son to Ruthin School, Denbighshire. Tucker obtained an exhibition at St John's College, Oxford. He graduated B.A. in 1736, M.A. in 1739, and DD in 1755. In 1737 he became curate of St. Stephen's Church in Bristol, and two years later rector of All Saints' Church in the same city. He was appointed to a minor canonry in the cathedral, and was noticed by Bishop Joseph Butler, to whom he was for a time domestic chaplain. On the death of Alexander Stopford Catcott in 1749 Tucker was appointed by the chancellor to the rectory of St. Stephen's. In 1754 Robert Nugent was elected for Bristol, ...
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Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will, God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philos ...
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Antiquarian
An antiquarian or antiquary () is an fan (person), aficionado or student of antiquities or things of the past. More specifically, the term is used for those who study history with particular attention to ancient artifact (archaeology), artifacts, History of archaeology, archaeological and historic Archaeological site, sites, or historic archives and manuscripts. The essence of antiquarianism is a focus on the empirical evidence of the past, and is perhaps best encapsulated in the motto adopted by the 18th-century antiquary Sir Richard Hoare, 2nd Baronet, Sir Richard Colt Hoare, "We speak from facts, not theory." The ''Oxford English Dictionary'' first cites "archaeologist" from 1824; this soon took over as the usual term for one major branch of antiquarian activity. "Archaeology", from 1607 onwards, initially meant what is now seen as "ancient history" generally, with the narrower modern sense first seen in 1837. Today the term "antiquarian" is often used in a pejorative sense ...
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Treatise
A treatise is a formal and systematic written discourse on some subject, generally longer and treating it in greater depth than an essay, and more concerned with investigating or exposing the principles of the subject and its conclusions."Treatise." Merriam-Webster Online Dictionary. Accessed September 12, 2020. A monograph is a treatise on a specialized topic. Etymology The word 'treatise' first appeared in the fourteenth century as the Medieval English word ''tretis'', which evolved from the Medieval Latin ''tractatus'' and the Latin ''tractare'', meaning to treat or to handle. Historically significant treatises Table The works presented here have been identified as influential by scholars on the development of human civilization. Discussion of select examples Euclid's ''Elements'' Euclid's ''Elements'' has appeared in more editions than any other books except the ''Bible'' and is one of the most important mathematical treatises ever. It has been translated to numer ...
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Government Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public debt ...
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Seven Years' War
The Seven Years' War (1756–1763) was a global conflict that involved most of the European Great Powers, and was fought primarily in Europe, the Americas, and Asia-Pacific. Other concurrent conflicts include the French and Indian War (1754–1763), the Carnatic Wars and the Anglo-Spanish War (1762–1763). The opposing alliances were led by Great Britain and France respectively, both seeking to establish global pre-eminence at the expense of the other. Along with Spain, France fought Britain both in Europe and overseas with land-based armies and naval forces, while Britain's ally Prussia sought territorial expansion in Europe and consolidation of its power. Long-standing colonial rivalries pitting Britain against France and Spain in North America and the West Indies were fought on a grand scale with consequential results. Prussia sought greater influence in the German states, while Austria wanted to regain Silesia, captured by Prussia in the previous war, and to contain Pruss ...
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Nancy Koehn
Nancy F. Koehn (born 1959) is an author and a business historian at Harvard Business School in Boston, Massachusetts, where she is the James E. Robison Professor of Business Administration, and was a visiting scholar during 2011–2013. She is also a member of Harvard's Faculty of Arts and Sciences, in the Economics Department. Education * B.A., History (Phi Beta Kappa), Stanford University * Master of Public Policy (M.P.P.), Kennedy School of Government, Harvard University * MA, Harvard University (European History) * PhD, Harvard University (European History) Career Koehn is a business historian at Harvard Faculty of Arts and Sciences and has been a business historian at Harvard Business School, since 2011 (some online sources say 1991). She began as a Visiting Scholar (2011–2013), then was offered the James E. Robison Professor of Business Administration, which she has held since 2013. Her predecessor in that endowed Chair was James Cash Jr. Koehn is widely quoted o ...
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1784 Deaths
Events January–March * January 6 – Treaty of Constantinople: The Ottoman Empire agrees to Russia's annexation of the Crimea. * January 14 – The Congress of the United States ratifies the Treaty of Paris with Great Britain to end the American Revolution, with the signature of President of Congress Thomas Mifflin.''Harper's Encyclopaedia of United States History from 458 A. D. to 1909'', ed. by Benson John Lossing and, Woodrow Wilson (Harper & Brothers, 1910) p167 * January 15 – Henry Cavendish's paper to the Royal Society of London, ''Experiments on Air'', reveals the composition of water. * February 24 – The Captivity of Mangalorean Catholics at Seringapatam begins. * February 28 – John Wesley ordains ministers for the Methodist Church in the United States. * March 1 – The Confederation Congress accepts Virginia's cession of all rights to the Northwest Territory and to Kentucky. * March 22 – The Emerald Buddha is insta ...
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British Economists
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, the English language as spoken and written in the United Kingdom or, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *''Brit(ish)'', a 2018 memoir by Afua Hirsch *People or things associated with: ** Great Britain, an island ** United Kingdom, a sovereign state ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) See also * Terminology of the British Isles * Alternative names for the British * English (other) * Britannic (other) * British Isles * Brit (other) * Briton (d ...
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