William Blake (economist)
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William Blake (economist)
William Blake (31 January 1774 – 1852) was an English classical economist who contributed to the early theory of purchasing power parity. Life He was born in London on 31 January 1774, the son of William and Alicia Blake. He was educated at Charterhouse School, and entered Trinity College, Cambridge in 1789. He graduated B.A. in 1793 as 7th wrangler, became a Fellow of the college in 1795, and graduated M.A. in 1796. Giving up his fellowship in 1797, he entered Lincoln's Inn, and was called to the bar in 1799. Blake was elected a Fellow of the Royal Society in 1807. He served as President of the Geological Society of London in 1815–6, which he had joined in 1812. He became a member of the Royal Geographical Society in 1830. He also belonged to the Political Economy Club, from 1831, and the King of Clubs dining club of Whigs. Blake leased St John's Lodge in Welwyn, Hertfordshire, with a park of 130 acres, from 1819. He purchased the property in 1824, changing the nam ...
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Classical Economist
Classical economics, classical political economy, or Smithian economics is a school of thought in political economy that flourished, primarily in Kingdom of Great Britain, 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 economy, 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 inc ...
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University College London
, mottoeng = Let all come who by merit deserve the most reward , established = , type = Public research university , endowment = £143 million (2020) , budget = £1.544 billion (2019/20) , chancellor = Anne, Princess Royal(as Chancellor of the University of London) , provost = Michael Spence , head_label = Chair of the council , head = Victor L. L. Chu , free_label = Visitor , free = Sir Geoffrey Vos , academic_staff = 9,100 (2020/21) , administrative_staff = 5,855 (2020/21) , students = () , undergrad = () , postgrad = () , coordinates = , campus = Urban , city = London, England , affiliations = , colours = Purple and blue celeste , nickname ...
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Peter King, 7th Baron King
Peter King, 7th Baron King of Ockham, Surrey (1775–1833) was an English aristocrat, politician and economic writer. Life Born 31 August 1775, baptised 18 September 1789, he was eldest son of Peter King, 6th Baron King, by Charlotte, daughter of Edward Tredcroft of Horsham. He was educated at Eton College and Trinity College, Cambridge, and succeeded to the title in 1793. After a short tour on the continent he returned to England on coming of age, and took his seat in the House of Lords. Following the Whig traditions of his family, King acted with Lord Holland, whose motion for an inquiry into the causes of the failure of the Anglo-Russian invasion of Holland he supported in his maiden speech, 12 February 1800. His habits, however, were somewhat reclusive. Except to oppose a Habeas Corpus Suspension Bill, or a bill to prolong the suspension of cash payments by the Banks of England and Ireland, begun in 1797, he at first rarely intervened in debate. King, in 1811, gave his l ...
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Walter Boyd (financier)
Walter Boyd (c.1754–1837) was a British financier. Life Boyd was born in obscure circumstances in Scotland about 1754. Before the outbreak of the French Revolution he was a banker in Paris. The progress of events soon caused him to flee, and the property of the firm of Boyd, Ker, & Co., of which he was the chief member, was confiscated in October 1793. In March 1793 the firm of Boyd, Benfield, & Co. was established in London. Boyd, as the principal partner, contributed £60,000 to the common stock. He was a supporter of William Pitt the Younger, and enjoyed his confidence. He was employed in contracting to the amount of over £30 million for large government loans, and for some time was very prosperous. He was also M.P. for Shaftesbury (1796–1802), which at the period of his election was a pocket borough of his partner Paul Benfield, who was returned along with him . After a few years the firm got into difficulties. It had at one time seemed likely that the property seized at ...
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John Leslie Foster
John Leslie Foster, FRS (c. 1781 – 10 July 1842) was an Irish barrister, judge and Tory Member of Parliament (MP) in the United Kingdom Parliament. In 1830 he was appointed a Baron of the Court of Exchequer of Ireland. He was the son of William Foster, Bishop of Clogher (1744-1797) and nephew of John Foster, 1st Baron Oriel. He was educated at Trinity College Dublin and St John's College, Cambridge. Early life After his father's death while he was about sixteen, his uncle, John Foster, oversaw his further education, encouraged him to travel and employed him (presumably part-time) as his private secretary (in an office for the loss of which he was later compensated on the Union with Great Britain with an annuity of £10 5s). Taking advantage of a respite in hostilities between Britain and France thanks to the Treaty of Amiens, he visited Paris in April 1802 where he attended a levée, was presented to Napoleon and noted that the splendour of the court of the Tuileries was ...
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Bank Credit
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from past ...
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John Wheatley (political Economist)
John Wheatley (19 May 1869 – 12 May 1930) was a Scottish socialist politician. He was a prominent figure of the Red Clydeside era. Early life and career Wheatley was born to Thomas and Johanna Wheatley in Bonmahon, County Waterford, Ireland. In 1876 the family moved to Braehead, Lanarkshire in Scotland. Initially—as his father had done in Ireland—he worked as a miner in the Baillieston district. After that he worked briefly as a publican. Wheatley then started a successful printing business, which published leftist political works. He wrote many of them, including ''How the Miners Were Robbed'' (1907), ''The Catholic Workingman'' (1909), ''Miners, Mines and Misery'' (1909), ''Eight Pound Cottages for Glasgow Citizens'' (1913), ''Municipal Banking'' (1920) and ''The New Rent Act'' (1920). He was a deeply religious man and a practising Roman Catholic. Influenced by early Christian-socialist thinkers, in 1907 he joined the Independent Labour Party (ILP). He founded an ...
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Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econ ...
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Bullionist
Bullionism is an economic theory that defines wealth by the amount of precious metals owned. Bullionism is an early or primitive form of mercantilism.{{Citation needed, date=October 2018 It was derived, during the 16th century, from the observation that the Kingdom of England, because of its large trade surplus, possessed large amounts of gold and silver—bullion—despite the fact that there was not any mining of precious metals in England. Examples of bullionists Thomas Milles (1550–1627) and others recommended that England increase exports to create a trade surplus, convert the surplus into precious metals, and hinder the drain of money and precious metal to other countries. England did restrict exportation of money or precious metals around 1600, but Milles wanted to resume using staple ports (ports where incoming foreign merchants were required to offer their goods for sale before anywhere else) to force merchants from abroad to use their assets to buy English goods and pr ...
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Saint Vincent And The Grenadines
Saint Vincent and the Grenadines () is an island country in the Caribbean. It is located in the southeast Windward Islands of the Lesser Antilles, which lie in the West Indies at the southern end of the eastern border of the Caribbean Sea where the latter meets the Atlantic Ocean. Its territory consists of the main island of Saint Vincent and, south of that, two-thirds of the northern part of the Grenadines, a chain of 32 smaller islands. Some of the Grenadines are inhabited—Bequia, Mustique, Union Island, Canouan, Petit Saint Vincent, Palm Island, Mayreau, Young Island—while others are not: Tobago Cays, Baliceaux, Battowia, Quatre, Petite Mustique, Savan and Petit Nevis. Most of Saint Vincent and the Grenadines lies within the Hurricane Alley. To the north of Saint Vincent lies Saint Lucia, to the east is Barbados, and Grenada lies to the south. Saint Vincent and the Grenadines has a population density of over 300 inhabitants/km2 (700 per sq. mi.), with approxima ...
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Tobago
Tobago () is an List of islands of Trinidad and Tobago, island and Regions and municipalities of Trinidad and Tobago, ward within the Trinidad and Tobago, Republic of Trinidad and Tobago. It is located northeast of the larger island of Trinidad and about off the northeastern coast of Venezuela. It also lies to the southeast of Grenada. The official bird of Tobago is the cocrico. Etymology Tobago was named ''Belaforme'' by Christopher Columbus "because from a distance it seemed beautiful". The Spanish friar Antonio Vázquez de Espinosa wrote that the Kalina people, Kalina (mainland Caribs) called the island ''Urupina'' because of its resemblance to a big snail, while the Island Caribs, Kalinago (Island Caribs) called it ''Aloubaéra'', supposedly because it resembled the ''alloüebéra'', a giant snake which was supposed to live in a cave on the island of Dominica. The earliest known record of the use of the name ''Tabaco'' to refer to the island is a Spanish royal order is ...
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Moses Montefiore
Sir Moses Haim Montefiore, 1st Baronet, (24 October 1784 – 28 July 1885) was a British financier and banker, activist, philanthropist and Sheriff of London. Born to an Italian Sephardic Jewish family based in London, after he achieved success, he donated large sums of money to promote industry, business, economic development, education and health among the Jewish community in the Levant. He founded Mishkenot Sha'ananim in 1860, the first settlement outside the Old City of Jerusalem. As President of the Board of Deputies of British Jews, he corresponded with Charles Henry Churchill, the British consul in Damascus, in 1841–42; his contributions are seen as pivotal to the development of Proto-Zionism. Early life Moses Montefiore was born in Leghorn (Livorno in Italian), Tuscany, in 1784, to a Sephardic Jewish family based in Great Britain. His grandfather, Moses Vital (Haim) Montefiore, had emigrated from Livorno to London in the 1740s, but retained clos ...
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