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Petty's Place In The History Of Economic Theory
"Petty's Place in the History of Economic Theory" is an academic article, written by Charles Henry Hull and published in ''The Quarterly Journal of Economics'' in 1900. The article gives an overview of the life and work of William Petty, with a strong emphasis on the contribution of Petty to the development of early economic thinking. The article has reached some fame because Hull proposes in it the division of the writings of Petty into three chronological groups. Bibliographical information transcriptionis also available in the Archive for the History of Economic Thought at McMaster University; see alsin EconPapers. The text was reprinted in . Background The contribution of William Petty to the early development of economic theory had already been a subject of research by different scholars. Hull mentions Zuckerkandl and von Bergmann in the introduction, and Ingram, Roscher, Kautz, McCulloch and Travers Twiss in the final chapter of 'Petty's Place in the History of Eco ...
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Charles Henry Hull
Charles Henry Hull (September 29, 1864 – July 15, 1936) was an American economist and historian. He worked at Cornell University, in Ithaca, New York. In 1900, he was appointed professor of American History. In 1899, he published ''The Economic Writings of Sir William Petty'' in two volumes. This edition has become the standard source for referring to the economic writings of Sir William Petty (1620–1687). Life and work Charles Henry Hull was born in Ithaca, New York. He received his Ph.D. at Cornell University in 1886. His thesis was titled ''Some considerations on agricultural rent.'' He was appointed Assistant Librarian in 1889. In 1890, he went to Germany for two years, to study economics and history. He received the degree of Doctor of Philosophy from the University of Halle in 1892.Obituary 1937
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Wilson Lloyd Bevan
Wilson Lloyd Bevan (1866-1935) was an American historian. Biography Wilson Lloyd Bevan was born 17 June 1866 in Baltimore County, Maryland. He was the son of George Frazier Bevan. In 1886 Wilson Lloyd Bevan ("of Baltimore") was a "candidate for the degree of Bachelor of Arts" on Johns Hopkins University. states that he graduated as a BA in 1894. Later he earned his degree of Master of Arts from Columbia University, New York City. At the University of Munich (Germany) he got his PhD degree. He served as professor of history at Sewanee: the University of the South, Tenn. and subsequently at Kenyon College, Ohio. He was engaged in journalism and for many years he was the ''New York Churchmans Associate Editor. In 1920 he started at the University of Delaware as associate professor of history. In 1926 he was a minister. In that year he was mentioned as "The Rev. Wilson Lloyd Bevan, M.A., Columbia; S.T.B., General; Ph. D. Munich", Professor of Systematic Divinity and Act ...
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Rent (economics)
In economics, economic rent is any payment (in the context of a market transaction) to the owner of a factor of production in excess of the cost needed to bring that factor into production. In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities (e.g., patents). In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other "contrived" (assuming the market is natural, and does not come about by state and social contrivance) exclusivity, such as labor guilds and unofficial corruption. Overview In the moral economy of the economics tradition broadly, economic rent is opposed to producer surplus, or normal profit, both of which are theorized to involve productive human action. Economic rent is also independent of opportunity cost, unlike econo ...
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Francis Bacon
Francis Bacon, 1st Viscount St Alban (; 22 January 1561 – 9 April 1626), also known as Lord Verulam, was an English philosopher and statesman who served as Attorney General and Lord Chancellor of England. Bacon led the advancement of both natural philosophy and the scientific method and his works remained influential even in the late stages of the Scientific Revolution. Bacon has been called the father of empiricism. He argued for the possibility of scientific knowledge based only upon inductive reasoning and careful observation of events in nature. He believed that science could be achieved by the use of a sceptical and methodical approach whereby scientists aim to avoid misleading themselves. Although his most specific proposals about such a method, the Baconian method, did not have long-lasting influence, the general idea of the importance and possibility of a sceptical methodology makes Bacon one of the later founders of the scientific method. His portion of the method ...
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John Graunt
John Graunt (24 April 1620 – 18 April 1674) has been regarded as the founder of demography. Graunt was one of the first demographers, and perhaps the first epidemiologist, though by profession he was a haberdasher. He was bankrupted later in life by losses suffered during Great Fire of London and the discrimination he faced following his conversion to Catholicism. Biography Born in London, John Graunt was the eldest of the seven or eight children of Henry and Mary Graunt. Graunt's father was a draper who had moved to London from Hampshire. In February 1641, Graunt married Mary Scott, with whom he had one son (Henry) and three daughters. He became a freeman of the Drapers' Company at age 21. Graunt worked in his father's shop until his father died in 1662, and Graunt became influential in the City. He was able to secure the post of professor of music for his friend William Petty in 1650. He served in various ward offices in Cornhill ward, becoming a common councilman about 1669 ...
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Edward Chamberlayne
Edward Chamberlayne (13 December 1616 – May 1703) was an English writer, known as the author of ''The Present State of England''. Life The grandson of Sir Thomas Chamberlayne, knight, at one time English ambassador in the Low Countries, and son of Thomas Chamberlayne, Edward Chamberlayne was born at Oddington, Gloucestershire, England, on 13 December 1616. He was first educated at Gloucester, then entered St Edmund Hall, Oxford, at Michaelmas 1634. He subsequently proceeded with a Bachelor of Arts (B.A.) on 20 April 1638, and a Master of Arts (M.A.) on 6 March 1641. During a part of 1641 he held the office of rhetoric reader at Oxford. When the First English Civil War broke out he began a long continental tour, visiting France, Spain, Italy, Hungary, Bohemia, Sweden, and the Low Countries. At the Restoration he returned to England. In 1669 he became secretary to Charles Howard, 1st Earl of Carlisle, and went to Stockholm to invest Charles XI of Sweden with the Order of the G ...
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First Dutch War
The First Anglo-Dutch War, or simply the First Dutch War, ( nl, Eerste Engelse (zee-)oorlog, "First English (Sea) War"; 1652–1654) was a conflict fought entirely at sea between the navies of the Commonwealth of England and the Dutch Republic, United Provinces of the Netherlands. It was largely caused by disputes over trade, and English historians also emphasise political issues.Israel (1997), p. 1117 The war began with English attacks on Dutch merchant shipping, but expanded to vast fleet actions. Although the English Navy won most of these battles, they only controlled the seas around England, and after the tactical English victory at Battle of Scheveningen, Scheveningen, the Dutch used smaller warships and privateers to capture numerous English merchant ships. Therefore, by November 1653 Cromwell was willing to make peace, provided the House of Orange was excluded from the office of Stadtholder.Israel (1995), pp. 721-2 Cromwell also attempted to protect English trade against D ...
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Restoration (1660)
The Restoration of the Stuart monarchy in the kingdoms of England, Scotland and Ireland took place in 1660 when King Charles II returned from exile in continental Europe. The preceding period of the Protectorate and the civil wars came to be known as the Interregnum (1649–1660). The term ''Restoration'' is also used to describe the period of several years after, in which a new political settlement was established. It is very often used to cover the whole reign of King Charles II (1660–1685) and often the brief reign of his younger brother King James II (1685–1688). In certain contexts it may be used to cover the whole period of the later Stuart monarchs as far as the death of Queen Anne and the accession of the Hanoverian King George I in 1714. For example, Restoration comedy typically encompasses works written as late as 1710. The Protectorate After Richard Cromwell, Lord Protector from 1658 to 1659, ceded power to the Rump Parliament, Charles Fleetwood and John ...
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