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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 P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
17th-century Philosophy
This is a timeline of philosophy in the 17th century ( 17th-century philosophy). Events * 1649 – Christina, Queen of Sweden (reigned 1633–1654) invited René Descartes to educate her in his philosophical views, particularly his insight into Catholicism. Descartes arrived on 4 October 1649, and tutored her for the next 4 months until he caught pneumonia and died ten days later on 11 February 1650. Speculations have been made as to the causes of his illness. Some cite the icy weather, others argue it may have been elicited by the rigorous schedule asked of Descartes by the queen. In 1991 a German scholar published a book questioning this account and more arguments against its veracity have been raised. Publications * 1644 – Andrzej Maksymilian Fredro - ''Monita Politico-Moralia et Icon Ingeniorum'' * 1649 – René Descartes - ''Passions of the Soul'' * 1649 – Pierre Gassendi - ''Animadversiones'' * 1649 – John Milton - '' Tenure of Kings and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division Of Labour
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills, and training and combinations of such assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organization may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. Historically, an increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of The United Kingdom
The prime minister of the United Kingdom is the head of government of the United Kingdom. The prime minister advises the sovereign on the exercise of much of the royal prerogative, chairs the Cabinet and selects its ministers. As modern prime ministers hold office by virtue of their ability to command the confidence of the House of Commons, they sit as members of Parliament. The office of prime minister is not established by any statute or constitutional document, but exists only by long-established convention, whereby the reigning monarch appoints as prime minister the person most likely to command the confidence of the House of Commons; this individual is typically the leader of the political party or coalition of parties that holds the largest number of seats in that chamber. The prime minister is '' ex officio'' also First Lord of the Treasury, Minister for the Civil Service and the minister responsible for national security. Indeed, certain privileges, such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Petty, 1st Marquess Of Lansdowne
William Petty Fitzmaurice, 1st Marquess of Lansdowne, (2 May 17377 May 1805; known as the Earl of Shelburne between 1761 and 1784, by which title he is generally known to history), was an Irish-born British Whig statesman who was the first home secretary in 1782 and then prime minister from 1782 to 1783 during the final months of the American War of Independence. He succeeded in securing peace with America and this feat remains his most notable legacy. Lord Shelburne was born in Dublin and spent his formative years in Ireland. After attending Oxford University he served in the British Army during the Seven Years' War. As a reward for his conduct at the Battle of Kloster Kampen, Shelburne was appointed an aide-de-camp to George III. He became involved in politics, becoming a member of parliament in 1760. After his father's death in 1761, he inherited his title and entered the House of Lords. In 1766, Shelburne was appointed as Southern Secretary, a position which he hel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laissez-faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of England
The Parliament of England was the legislature of the Kingdom of England from the 13th century until 1707 when it was replaced by the Parliament of Great Britain. Parliament evolved from the great council of bishops and peers that advised the English monarch. Great councils were first called Parliaments during the reign of Henry III (). By this time, the king required Parliament's consent to levy taxation. Originally a unicameral body, a bicameral Parliament emerged when its membership was divided into the House of Lords and House of Commons, which included knights of the shire and burgesses. During Henry IV's time on the throne, the role of Parliament expanded beyond the determination of taxation policy to include the "redress of grievances," which essentially enabled English citizens to petition the body to address complaints in their local towns and counties. By this time, citizens were given the power to vote to elect their representatives—the burgesses—to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James II Of England
James VII and II (14 October 1633 16 September 1701) was King of England and King of Ireland as James II, and King of Scotland as James VII from the death of his elder brother, Charles II, on 6 February 1685. He was deposed in the Glorious Revolution of 1688. He was the last Catholic monarch of England, Scotland, and Ireland. His reign is now remembered primarily for conflicts over religious tolerance, but it also involved struggles over the principles of absolutism and the divine right of kings. His deposition ended a century of political and civil strife in England by confirming the primacy of the English Parliament over the Crown. James succeeded to the thrones of England, Ireland, and Scotland following the death of his brother with widespread support in all three countries, largely because the principles of eligibility based on divine right and birth were widely accepted. Tolerance of his personal Catholicism did not extend to tolerance of Catholicism in general, and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles II Of England
Charles II (29 May 1630 – 6 February 1685) was King of Scotland from 1649 until 1651, and King of England, Scotland and Ireland from the 1660 Restoration of the monarchy until his death in 1685. Charles II was the eldest surviving child of Charles I of England, Scotland and Ireland and Henrietta Maria of France. After Charles I's execution at Whitehall on 30 January 1649, at the climax of the English Civil War, the Parliament of Scotland proclaimed Charles II king on 5 February 1649. But England entered the period known as the English Interregnum or the English Commonwealth, and the country was a de facto republic led by Oliver Cromwell. Cromwell defeated Charles II at the Battle of Worcester on 3 September 1651, and Charles fled to mainland Europe. Cromwell became virtual dictator of England, Scotland and Ireland. Charles spent the next nine years in exile in France, the Dutch Republic and the Spanish Netherlands. The political crisis that followed Cromwell's death i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Of England
The Commonwealth was the political structure during the period from 1649 to 1660 when England and Wales, later along with Ireland and Scotland, were governed as a republic after the end of the Second English Civil War and the trial and execution of Charles I. The republic's existence was declared through "An Act declaring England to be a Commonwealth", adopted by the Rump Parliament on 19 May 1649. Power in the early Commonwealth was vested primarily in the Parliament and a Council of State. During the period, fighting continued, particularly in Ireland and Scotland, between the parliamentary forces and those opposed to them, in the Cromwellian conquest of Ireland and the Anglo-Scottish war of 1650–1652. In 1653, after dissolution of the Rump Parliament, the Army Council adopted the Instrument of Government which made Oliver Cromwell Lord Protector of a united "Commonwealth of England, Scotland and Ireland", inaugurating the period now usually known as the Prot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oliver Cromwell
Oliver Cromwell (25 April 15993 September 1658) was an English politician and military officer who is widely regarded as one of the most important statesmen in English history. He came to prominence during the 1639 to 1651 Wars of the Three Kingdoms, first as a senior commander in the Parliamentarian army and then as a politician. A leading advocate of the execution of Charles I in January 1649, which led to the establishment of the Republican Commonwealth of England, Scotland and Ireland, he ruled as Lord Protector from December 1653 until his death in September 1658. Cromwell nevertheless remains a deeply controversial figure in both Britain and Ireland, due to his use of the military to first acquire, then retain political power, and the brutality of his 1649 Irish campaign. Educated at Sidney Sussex College, Cambridge, Cromwell was elected MP for Huntingdon in 1628, but the first 40 years of his life were undistinguished and at one point he contemplated emigration ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Society
The Royal Society, formally The Royal Society of London for Improving Natural Knowledge, is a learned society and the United Kingdom's national academy of sciences. The society fulfils a number of roles: promoting science and its benefits, recognising excellence in science, supporting outstanding science, providing scientific advice for policy, education and public engagement and fostering international and global co-operation. Founded on 28 November 1660, it was granted a royal charter by King Charles II as The Royal Society and is the oldest continuously existing scientific academy in the world. The society is governed by its Council, which is chaired by the Society's President, according to a set of statutes and standing orders. The members of Council and the President are elected from and by its Fellows, the basic members of the society, who are themselves elected by existing Fellows. , there are about 1,700 fellows, allowed to use the postnominal title FRS (Fellow of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Statistics
Economic statistics is a topic in applied statistics and applied economics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is closely related to business statistics and econometrics. It is also common to call the data themselves "economic statistics", but for this usage, "economic data" is the more common term. Overview The data of concern to economic statistics may include those of an economy within a region, country, or group of countries. Economic statistics may also refer to a subtopic of official statistics for data produced by official organizations (e.g. national statistical services, intergovernmental organizations such as United Nations, European Union or OECD, central banks, and ministries). Analyses within economic statistics both make use of and provide the empirical data needed in economic research, whether descriptive or econometric. They are a key input for decision making as to economic policy. The subj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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