Difference between revisions of "Inquiry into the Principles of Political Oeconomy"
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===by Sir James Steuart=== | ===by Sir James Steuart=== | ||
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| − | Sir James Steuart (1713-1780) was a noted Scottish economist who made exceptional contributions to economic theory. Steuart was considered a pioneer of early economics, and was the first author to use the term “political economy” in the title of a book.<ref>Andrew S. Skinner, [http://www.oxforddnb.com.roxy.wm.edu/view/article/7478 "Steuart , Sir James, of Coltness and Westshield, third baronet (1713–1780)"], ''Oxford Dictionary of National Biography'' | + | Sir James Steuart (1713-1780) was a noted Scottish economist who made exceptional contributions to economic theory. Steuart was considered a pioneer of early economics, and was the first author to use the term “political economy” in the title of a book.<ref>Andrew S. Skinner, [http://www.oxforddnb.com.roxy.wm.edu/view/article/7478 "Steuart , Sir James, of Coltness and Westshield, third baronet (1713–1780)"], in ''Oxford Dictionary of National Biography'' (Oxford University Press, 2004-), accessed Sept. 26, 2013. (Subscription required for access.)</ref> In his book ''An Inquiry into the Principles of Political Economy'', he explained the term as: |
| − | <blockquote>[just as] economy in general [is] the art of providing for all the wants of a family, [so the science of political economy] seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary for supplying the wants of the society, and to employ the inhabitants ... in such manner as naturally to create reciprocal relations and dependencies between them, so as to supply one another with reciprocal wants.<ref> | + | <blockquote>[just as] economy in general [is] the art of providing for all the wants of a family, [so the science of political economy] seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary for supplying the wants of the society, and to employ the inhabitants ... in such manner as naturally to create reciprocal relations and dependencies between them, so as to supply one another with reciprocal wants.<ref>Peter Groenwegen, "'political economy' and 'economics'," in ''The New Palgrave: A Dictionary of Economics'' (New York: Stockton Press,1998), 3:905, quoting James Steuart ''An Inquiry into the Principles of Political Oeconomy: Being An Essay on the Science of Domestic Policy in Free Nations'' (London: Printed for A. Millar and T. Cadell, in the Strand, 1767), 1:15, 17.</ref></blockquote> |
Steuart wrote from the point of view of a moderate mercantilist. At the time it was published, ''An Inquiry into the Principles of Political Economy'' was considered to be the most complete and systematic survey of political economy that had ever been written in England. Some even considered it to be one of the first full-fledged economics treatises to appear anywhere.<ref>Skinner, "Steuart, Sir James."</ref> | Steuart wrote from the point of view of a moderate mercantilist. At the time it was published, ''An Inquiry into the Principles of Political Economy'' was considered to be the most complete and systematic survey of political economy that had ever been written in England. Some even considered it to be one of the first full-fledged economics treatises to appear anywhere.<ref>Skinner, "Steuart, Sir James."</ref> | ||
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'''Published:''' London: Printed for A. Millar and T. Cadell, in the Strand, 1767. | '''Published:''' London: Printed for A. Millar and T. Cadell, in the Strand, 1767. | ||
| − | '''Edition:''' | + | '''Edition:''' First edition; 2 volumes. |
==Evidence for Inclusion in Wythe's Library== | ==Evidence for Inclusion in Wythe's Library== | ||
Revision as of 10:10, 27 September 2013
by Sir James Steuart
Sir James Steuart (1713-1780) was a noted Scottish economist who made exceptional contributions to economic theory. Steuart was considered a pioneer of early economics, and was the first author to use the term “political economy” in the title of a book.[1] In his book An Inquiry into the Principles of Political Economy, he explained the term as:
[just as] economy in general [is] the art of providing for all the wants of a family, [so the science of political economy] seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary for supplying the wants of the society, and to employ the inhabitants ... in such manner as naturally to create reciprocal relations and dependencies between them, so as to supply one another with reciprocal wants.[2]
Steuart wrote from the point of view of a moderate mercantilist. At the time it was published, An Inquiry into the Principles of Political Economy was considered to be the most complete and systematic survey of political economy that had ever been written in England. Some even considered it to be one of the first full-fledged economics treatises to appear anywhere.[3]
Bibliographic Information
Author: Sir James Steuart.
Title: An Inquiry Into The Principles Of Political Oeconomy: Being An Essay On The Science Of Domestic Policy In Free Nations, In Which Are Particularly Considered Population, Agriculture, Trade, Industry, Money, Coin, Interest, Circulation, Banks, Exchange, Public Credit, And Taxes.
Published: London: Printed for A. Millar and T. Cadell, in the Strand, 1767.
Edition: First edition; 2 volumes.
Evidence for Inclusion in Wythe's Library
Description of the Wolf Law Library's copy
Bound in contemporary tree calf, rebacked, preserving original gilt spines. Purchased from Donald A. Heald Rare Books.
View this book in William & Mary's online catalog.
=External Links
Volume I:Google Books Volume II:Google Books
References
- ↑ Andrew S. Skinner, "Steuart , Sir James, of Coltness and Westshield, third baronet (1713–1780)", in Oxford Dictionary of National Biography (Oxford University Press, 2004-), accessed Sept. 26, 2013. (Subscription required for access.)
- ↑ Peter Groenwegen, "'political economy' and 'economics'," in The New Palgrave: A Dictionary of Economics (New York: Stockton Press,1998), 3:905, quoting James Steuart An Inquiry into the Principles of Political Oeconomy: Being An Essay on the Science of Domestic Policy in Free Nations (London: Printed for A. Millar and T. Cadell, in the Strand, 1767), 1:15, 17.
- ↑ Skinner, "Steuart, Sir James."
