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Percy Ravenstone
Piercy Ravenstone was a pseudonym used by a nineteenth-century political economist whose work led him to being variously described as a socialist, a tory and as an institutionalist. His contribution was noted by David Ricardo and Karl Marx and brought to wider attention via Piero Sraffa's editing of Ricardo's collected works. Sraffa suggested that Ravenstone's true identity was Richard Puller (1789–1831). Context It has been argued that Ravenstone was a Ricardian socialist. He contributed to the economic debates of the 1820s in England. Edwin Seligman credits him with being "the earliest advocate of the surplus value theory later adopted by Marx." Identification Joseph Dorfman argued from circumstantial evidence that Ravenstone was a Rev. Edward Edwards. Noel W. Thompson, in reviewing Sraffa's case and other evidence, concludes that there is no compelling reason now to contest the identification with Richard Puller the younger (not his father of the same name). He also views E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British Political economy, political economist. He was one of the most influential of the Classical economics, classical economists along with Thomas Robert Malthus, Thomas Malthus, Adam Smith and James Mill. Ricardo was also a politician, and a member of the Parliament of the United Kingdom, Parliament of Great Britain and Ireland. Personal life Born in London, England, Ricardo was the third surviving of the 17 children of successful stockbroker Abraham Israel Ricardo (1733?–1812) and Abigail (1753-1801), daughter of Abraham Delvalle (also "del Valle"), of a respectable Sephardi Jews, Sephardic Jewish family that had been settled in England for three generations as "small but prosperous" tobacco and snuff merchants, and had obtained British citizenship. Abigail's sister, Rebecca, was wife of the engraver Wilson Lowry, and mother of the engraver Joseph Wilson Lowry and the geologist, mineralogist, and author Delvalle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Thompson (philosopher)
William Thompson (1775 – 28 March 1833) was an Irish political and philosophical writer and social reformer, developing from utilitarianism into an early critic of capitalist exploitation whose ideas influenced the cooperative, trade union and Chartist movements as well as Karl Marx. Born into the Anglo-Irish Ascendancy of wealthy landowners and merchants of Cork society, his attempt to will his estate to the cooperative movement after his death sparked a long court case as his family fought successfully to have the will annulled. According to E. T. Craig, this decision to will his estate to the cooperative movement was taken after a visit to the pioneering Ralahine Commune. Marxist James Connolly described him as the "first Irish socialist" and a forerunner to Marx, who cited Thompson in his works as well as being an influence upon Marx's thought. Life Born in Cork, William was the son and heir of one of the most prosperous merchants of that city, Alderman John Thompson ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Year Of Birth Missing
A year or annus is the orbital period of a planetary body, for example, the Earth, moving in its orbit around the Sun. Due to the Earth's axial tilt, the course of a year sees the passing of the seasons, marked by change in weather, the hours of daylight, and, consequently, vegetation and soil fertility. In temperate and subpolar regions around the planet, four seasons are generally recognized: spring, summer, autumn and winter. In tropical and subtropical regions, several geographical sectors do not present defined seasons; but in the seasonal tropics, the annual wet and dry seasons are recognized and tracked. A calendar year is an approximation of the number of days of the Earth's orbital period, as counted in a given calendar. The Gregorian calendar, or modern calendar, presents its calendar year to be either a common year of 365 days or a leap year of 366 days, as do the Julian calendars. For the Gregorian calendar, the average length of the calendar year (the mea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
English Socialists
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
19th-century British Economists
The 19th (nineteenth) century began on 1 January 1801 (Roman numerals, MDCCCI), and ended on 31 December 1900 (Roman numerals, MCM). The 19th century was the ninth century of the 2nd millennium. The 19th century was characterized by vast social upheaval. Slavery was abolitionism, abolished in much of Europe and the Americas. The Industrial Revolution, First Industrial Revolution, though it began in the late 18th century, expanding beyond its British homeland for the first time during this century, particularly remaking the economies and societies of the Low Countries, the Rhineland, Northern Italy, and the Northeastern United States. A few decades later, the Second Industrial Revolution led to ever more massive urbanization and much higher levels of productivity, profit, and prosperity, a pattern that continued into the 20th century. The Gunpowder empires, Islamic gunpowder empires fell into decline and European imperialism brought much of South Asia, Southeast Asia, and almost ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Classical Economists
Classical economics, classical political economy, or Smithian economics is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill. These economists produced a theory of market economies as largely self-regulating systems, governed by natural laws of production and exchange (famously captured by Adam Smith's metaphor of the invisible hand). Adam Smith's ''The Wealth of Nations'' in 1776 is usually considered to mark the beginning of classical economics.Smith, Adam (1776) An Inquiry into the Nature and Causes of The Wealth of Nations. (accessible by table of contents chapter titles) AdamSmith.org The fundamental message in Smith's book was that the wealth of any nation was determined not by the gold in the monarch's coffers, but by its national income. This income was in turn based on t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Hume
David Hume (; born David Home; 7 May 1711 NS (26 April 1711 OS) – 25 August 1776) Cranston, Maurice, and Thomas Edmund Jessop. 2020 999br>David Hume" ''Encyclopædia Britannica''. Retrieved 18 May 2020. was a Scottish Enlightenment philosopher, historian, economist, librarian, and essayist, who is best known today for his highly influential system of philosophical empiricism, scepticism, and naturalism. Beginning with '' A Treatise of Human Nature'' (1739–40), Hume strove to create a naturalistic science of man that examined the psychological basis of human nature. Hume argued against the existence of innate ideas, positing that all human knowledge derives solely from experience. This places him with Francis Bacon, Thomas Hobbes, John Locke, and George Berkeley as an Empiricist. Hume argued that inductive reasoning and belief in causality cannot be justified rationally; instead, they result from custom and mental habit. We never actually perceive that one event caus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Petty
Sir William Petty FRS (26 May 1623 – 16 December 1687) was an English economist, physician, scientist and philosopher. He first became prominent serving Oliver Cromwell and the Commonwealth in Ireland. He developed efficient methods to survey the land that was to be confiscated and given to Cromwell's soldiers. He also remained a significant figure under King Charles II and King James II, as did many others who had served Cromwell. Petty was also a scientist, inventor, and merchant, a charter member of the Royal Society, and briefly a Member of the Parliament of England. However, he is best remembered for his theories on economics and his methods of ''political arithmetic''. He is attributed with originating the laissez-faire economic philosophy. He was knighted in 1661. He was the great-grandfather of the 1st Marquess of Lansdowne (better known to history as the 2nd Earl of Shelburne), who served as Prime Minister of Great Britain, 1782–1783. Life Early life Petty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Theory Of Value
The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of " socially necessary labor" required to produce it. The LTV is usually associated with Marxian economics, although it originally appeared in the theories of earlier classical economists such as Adam Smith and David Ricardo, and later in anarchist economics. Smith saw the price of a commodity in terms of the labor that the purchaser must expend to buy it, which embodies the concept of how much labor a commodity, a tool for example, can save the purchaser. The LTV is central to Marxist theory, which holds that the working class is exploited under capitalism, and dissociates price and value. However, Marx did not refer to his own theory of value as a "labour theory of value". Orthodox neoclassical economics rejects the LTV, using a theory of value based on subjective preferences. The revival in interpretation of Marx known as the also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Hodgskin
Thomas Hodgskin (12 December 1787 – 21 August 1869) was an English socialist writer on political economy, critic of capitalism and defender of free trade and early trade unions. In the late 19th and early 20th centuries, the term ''socialist'' included any opponent of capitalism, at the time defined as a construed political system built on privileges for the owners of capital. Biography Hodgskin's father. who worked at the British Admiralty dock stores, enrolled him in the navy at the age of 12. Coming into conflict with the naval discipline of the time, Hodgskin was retired by the Navy at the age of 25. Publication of his ''Essay on Naval Discipline'' brought Hodgskin to the attention of radicals such as Francis Place. In 1815 Hodgskin travelled in France and Germany, experiences which he later documented in his ''Travels in the North of Germany''. Entering the University of Edinburgh for study, Hodgskin later came to London and entered the utilitarian circle aroun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henryk Grossman
Henryk Grossman (alternative spelling: ''Henryk Grossmann''; 14 April 1881 – 24 November 1950) was a Polish economist, historian, and Marxist revolutionary active in both Poland and Germany. Grossman's key contribution to political-economic theory was his book, ''The Law of Accumulation and Breakdown of the Capitalist System'', a study in Marxian crisis theory. It was published in Leipzig months before the Stock Market Crash of 1929. Early life and education Grossman was born as Chaskel Grossman into a relatively prosperous Polish-Jewish family in Kraków, Poland (then part of Austrian Galicia). Although his parents were assimilated into Krakow society, they nevertheless ensured their sons were circumcised and registered as members of the Jewish community. His father died at the age of 54 when Henryk was 15. He joined the socialist movement around 1898, becoming a member of the Social Democratic Party of Galicia (GPSD), an affiliate of the Social Democratic Workers' Party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
