1st Edition

Nassau Senior and Classical Economics

By Marian Bowley Copyright 2003
    358 Pages
    by Routledge

    358 Pages
    by Routledge

    "one of the best contributions to the history of economic thought during recent years" P. M. Rosenstein-Rodan
    Nassau Senior is one of the most significant economists in the classical tradition. This study is based both on his unpublished and published lectures and writings. Part 1 illustrates Senior's outstanding contribution in synthesizing the various developments of Adam Smith's theories that took place during the first part of the nineteenth century.
    Part 2 examines Senior's opinions and influence on social and economic policy, in particular his connection with the passing of the Poor Law Amendment Act of 1834.

    Preface Introduction Part 1: Economic Theory 1. Scope and Method i. Early controversies, Ricardo, Malthus, etc. ii. Senior's Views, 1826-47 iii. Senior's Final Views, 1847-52 2. THE THEORY OF VALUE i. Adam Smith ii. The Theory of Value in France iii. The Ricardians iv. Senior and the English Dissenters v. Hermann and the German Economists vi. Conclusion Bibliographical Note 3. Population and Rent i. Senior on Poupulation ii. Senior's attempt to generalize the theory of rent 4. Capital and Interest i. Senior's first version of the abstinence theory ii. Senior's second version iii. Some criticisms of the theory 5. The Theory Of Wages i. Wages in the Wealth of Nations ii. Population and Wages iii. Productivity and Wages iv. The Wage Fund v. Wages in different occupations vi. Summary 6. Money and International Trade Part II: Problems of Social Policy 1. The Scope of Government and Social Policy i. Senior's Early Opinions, 1825-32 ii. Senior's Opinions, 1832-47 iii. Senior's Opinions, 1847-64 iv. Conclusion Note on Senior on Trade Unions 2. The Poor Law Problem i. Senior's Early Opinions ii. Problems faced by the Poor Law Commission, 1834 iii. Particular problems considered in more detail iv. Poor Law, population and wages v. Proposals for Reform vi. The Poor Law Amendment Act, 1834 Conclusions

    Biography

    Marian Bowley