Difference between revisions of "Inquiry into the Principles of Political Oeconomy"

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{{DISPLAYTITLE:''An Inquiry into the Principles of Political Oeconomy''}}
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{{DISPLAYTITLE:''An Inquiry into the Principles of Political Oeconomy: Being an Essay on the Science of Domestic Policy in Free Nations''}}
<big>''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</big>
 
 
===by Sir James Steuart===
 
===by Sir James Steuart===
__NOTOC__
 
 
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|shorttitle=An Inquiry into the Principles of Political Oeconomy
 
|shorttitle=An Inquiry into the Principles of Political Oeconomy
 
|vol=volume two
 
|vol=volume two
|author=Sir James Steuart
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|author=[[:Category:James Steuart|Sir James Steuart]]
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|publoc=[[:Category:London|London]]
 
|publisher=Printed for A. Millar and T. Cadell, in the Strand
 
|publisher=Printed for A. Millar and T. Cadell, in the Strand
 
|year=1767
 
|year=1767
 
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|edition=First
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|lang=[[:Category:English|English]]
 
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|set=2
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}}Sir [[wikipedia:James Steuart (economist)|James Steuart]] (1713 &ndash; 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'', accessed September 26, 2013.</ref> In ''An Inquiry into the Principles of Political Economy'' he explains the term as:
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|imagename=SteuartInquiryIntoThePrinciplesOfPoliticalOeconomy1767Bookplate.jpg
 
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|caption=Folkestone armorial bookplate, front pastedown.
 
|caption=Folkestone armorial bookplate, front pastedown.
}}[http://en.wikipedia.org/wiki/James_Steuart_%28economist%29 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.</ref> In ''An Inquiry into the Principles of Political Economy'' he explains the term as:
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}}<div style="overflow: hidden;">
 
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<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>[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>  
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</blockquote>
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</div>
  
Steuart wrote from the point of view of a moderate [http://en.wikipedia.org/wiki/Mercantilism 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 ever 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 [[wikipedia:Mercantilism mercantilist|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 ever 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>
  
 
==Evidence for Inclusion in Wythe's Library==
 
==Evidence for Inclusion in Wythe's Library==
Ordered by Wythe from John Norton & Sons in a letter dated May 15, 1768, "a treatise concerning money-matters, (I think the title is "''Of civil oeconomy''" written by sir James Stewart ...." Records indicate the order was fulfilled.<ref>Frances Norton Mason, ed., ''John Norton & Sons, Merchants of London and Virginia: Being the Papers from their Counting House for the Years 1750 to 1795'' (Richmond, Virginia: Dietz Press, 1937), 51-52. The letter is endorsed "Virginia 15<sup>th</sup> May 1768 / George Wythe / Rec'd  ye 8th July / Goods entd. pa: 452 / Ansd. the August 1768 /pr. Woodford."</ref> All four of the Wythe Collection sources (Goodwin's pamphlet<ref>Mary R. M. Goodwin, [http://research.history.org/DigitalLibrary/View/index.cfm?doc=ResearchReports\RR0216.xml ''The George Wythe House: Its Furniture and Furnishings''] (Williamsburg, Virginia: Colonial Williamsburg Foundation Library, 1958), LIII.</ref>, [[Dean Bibliography|Dean's Memo]]<ref>[[Dean Bibliography|Memorandum from Barbara C. Dean, Colonial Williamsburg Found., to Mrs. Stiverson, Colonial Williamsburg Found. (June 16, 1975), 8 (on file at Wolf Law Library, College of William & Mary).</ref>, Brown's Bibliography<ref>Bennie Brown, "The Library of George Wythe of Williamsburg and Richmond," (unpublished manuscript, May, 2012) Microsoft Word file. Earlier edition available at: https://digitalarchive.wm.edu/handle/10288/13433</ref> and [http://www.librarything.com/profile/GeorgeWythe George Wythe's Library]<ref>''LibraryThing'', s. v. [http://www.librarything.com/profile/GeorgeWythe "Member: George Wythe"], accessed on March 4, 2014.</ref> on LibraryThing) list the first (1767) edition as the one owned by Wythe. The title is not listed in Jefferson's [[Jefferson Inventory|inventory]] of [[Wythe's Library]]. The Wolf Law Library purchased a copy of the first edition.
+
Ordered by Wythe from John Norton & Sons in a letter dated May 15, 1768, "a treatise concerning money-matters, (I think the title is "''Of civil oeconomy''" written by sir James Stewart ...." Records indicate the order was fulfilled.<ref>Frances Norton Mason, ed., ''John Norton & Sons, Merchants of London and Virginia: Being the Papers from their Counting House for the Years 1750 to 1795'' (Richmond, Virginia: Dietz Press, 1937), 51-52. The letter is endorsed "Virginia 15<sup>th</sup> May 1768 / George Wythe / Rec'd  ye 8th July / Goods entd. pa: 452 / Ansd. the August 1768 /pr. Woodford."</ref> All four of the Wythe Collection sources (Goodwin's pamphlet<ref>Mary R. M. Goodwin, [http://research.history.org/DigitalLibrary/View/index.cfm?doc=ResearchReports\RR0216.xml ''The George Wythe House: Its Furniture and Furnishings''] (Williamsburg, Virginia: Colonial Williamsburg Foundation Library, 1958), LIII.</ref>, [[Dean Bibliography|Dean's Memo]]<ref>[[Dean Bibliography|Memorandum from Barbara C. Dean]], Colonial Williamsburg Found., to Mrs. Stiverson, Colonial Williamsburg Found. (June 16, 1975), 8 (on file at Wolf Law Library, College of William & Mary).</ref>, Brown's Bibliography<ref>Bennie Brown, "The Library of George Wythe of Williamsburg and Richmond," (unpublished manuscript, May, 2012) Microsoft Word file. Earlier edition available at: https://digitalarchive.wm.edu/handle/10288/13433.</ref> and [http://www.librarything.com/profile/GeorgeWythe George Wythe's Library]<ref>''LibraryThing'', s.v. "[http://www.librarything.com/profile/GeorgeWythe Member: George Wythe]," accessed on March 4, 2014.</ref> on LibraryThing) list the first (1767) edition as the one owned by Wythe. The title is not listed in Jefferson's [[Jefferson Inventory|inventory]] of [[Wythe's Library]]. The Wolf Law Library purchased a copy of the first edition.
  
 
==Description of the Wolf Law Library's copy==
 
==Description of the Wolf Law Library's copy==
 
Bound in contemporary tree calf, rebacked, preserving original gilt spines. Front pastedown includes the armorial bookplate of Folkestone with the Latin motto "Patria cara, carior Libertas" (My country is dear, but liberty is dearer.) Purchased from Donald A. Heald Rare Books.
 
Bound in contemporary tree calf, rebacked, preserving original gilt spines. Front pastedown includes the armorial bookplate of Folkestone with the Latin motto "Patria cara, carior Libertas" (My country is dear, but liberty is dearer.) Purchased from Donald A. Heald Rare Books.
  
View this book in [https://catalog.swem.wm.edu/law/Record/3473888 William & Mary's online catalog.]
+
Images of the library's copy of this book are [https://www.flickr.com/photos/wolflawlibrary/albums/72157637448709496 available on Flickr.] View the record for this book in [https://wm.primo.exlibrisgroup.com/permalink/01COWM_INST/g9pr7p/alma991017618189703196 William & Mary's online catalog.]
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===Full text===
 +
*[http://lawlibrary.wm.edu/wythepedia/library/SteuartInquiryIntoThePrinciplesOfPoliticalOeconomy1767Vol1.pdf Volume I] (36MB PDF)
 +
*[http://lawlibrary.wm.edu/wythepedia/library/SteuartInquiryIntoThePrinciplesOfPoliticalOeconomy1767Vol2.pdf Volume II] (37MB PDF)
 +
 
 +
==See also==
 +
*[[George Wythe Room]]
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*[[Wythe's Library]]
 +
 
 
==References==
 
==References==
 
<references/>
 
<references/>
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Read volume two of this book in [http://books.google.com/books?id=d-tCAAAAcAAJ&printsec=frontcover Google Books.]
 
Read volume two of this book in [http://books.google.com/books?id=d-tCAAAAcAAJ&printsec=frontcover Google Books.]
  
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__NOTOC__
 
[[Category:Economics and Finance]]
 
[[Category:Economics and Finance]]
 
[[Category:George Wythe Collection at William & Mary's Wolf Law Library]]
 
[[Category:George Wythe Collection at William & Mary's Wolf Law Library]]
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[[Category:James Steuart]]
 
[[Category:Titles in Wythe's Library]]
 
[[Category:Titles in Wythe's Library]]
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[[Category:English]]
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[[Category:London]]
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[[Category:Quartos]]

Revision as of 09:47, 12 October 2021

by Sir James Steuart

An Inquiry into the Principles of Political Oeconomy
SteuartAnInquiry1767v2.jpg

Title page from An Inquiry into the Principles of Political Oeconomy, volume two, George Wythe Collection, Wolf Law Library, College of William & Mary.

Author Sir James Steuart
Editor {{{editor}}}
Translator {{{trans}}}
Published London: Printed for A. Millar and T. Cadell, in the Strand
Date 1767
Edition First
Language English
Volumes 2 volume set
Pages {{{pages}}}
Desc. 4to (29 cm.)
Location Shelf C-4
  [[Shelf {{{shelf2}}}]]

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 An Inquiry into the Principles of Political Economy he explains the term as:

Folkestone armorial bookplate, front pastedown.
[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 ever written in England. Some even considered it to be one of the first full-fledged economics treatises to appear anywhere.[3]

Evidence for Inclusion in Wythe's Library

Ordered by Wythe from John Norton & Sons in a letter dated May 15, 1768, "a treatise concerning money-matters, (I think the title is "Of civil oeconomy" written by sir James Stewart ...." Records indicate the order was fulfilled.[4] All four of the Wythe Collection sources (Goodwin's pamphlet[5], Dean's Memo[6], Brown's Bibliography[7] and George Wythe's Library[8] on LibraryThing) list the first (1767) edition as the one owned by Wythe. The title is not listed in Jefferson's inventory of Wythe's Library. The Wolf Law Library purchased a copy of the first edition.

Description of the Wolf Law Library's copy

Bound in contemporary tree calf, rebacked, preserving original gilt spines. Front pastedown includes the armorial bookplate of Folkestone with the Latin motto "Patria cara, carior Libertas" (My country is dear, but liberty is dearer.) Purchased from Donald A. Heald Rare Books.

Images of the library's copy of this book are available on Flickr. View the record for this book in William & Mary's online catalog.

Full text

See also

References

  1. Andrew S. Skinner, "Steuart, Sir James, of Coltness and Westshield, third baronet (1713–1780)" in Oxford Dictionary of National Biography, accessed September 26, 2013.
  2. 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.
  3. Skinner, "Steuart, Sir James."
  4. Frances Norton Mason, ed., John Norton & Sons, Merchants of London and Virginia: Being the Papers from their Counting House for the Years 1750 to 1795 (Richmond, Virginia: Dietz Press, 1937), 51-52. The letter is endorsed "Virginia 15th May 1768 / George Wythe / Rec'd ye 8th July / Goods entd. pa: 452 / Ansd. the August 1768 /pr. Woodford."
  5. Mary R. M. Goodwin, The George Wythe House: Its Furniture and Furnishings (Williamsburg, Virginia: Colonial Williamsburg Foundation Library, 1958), LIII.
  6. Memorandum from Barbara C. Dean, Colonial Williamsburg Found., to Mrs. Stiverson, Colonial Williamsburg Found. (June 16, 1975), 8 (on file at Wolf Law Library, College of William & Mary).
  7. Bennie Brown, "The Library of George Wythe of Williamsburg and Richmond," (unpublished manuscript, May, 2012) Microsoft Word file. Earlier edition available at: https://digitalarchive.wm.edu/handle/10288/13433.
  8. LibraryThing, s.v. "Member: George Wythe," accessed on March 4, 2014.

External Links

Read volume one of this book in Google Books.
Read volume two of this book in Google Books.