Philip Wicksteed as an Economist
Philip Henry Wicksteed, the author of the Common Sense of Political Economy and the other works collected in these volumes, was one of the most remarkable intellectual figures of the halfcentury which has just passed. He was a leading member of the Unitarian ministry. He was one of the foremost medieval scholars of his time. He was an economist of international reputation. He was a savant who made contributions of permanent value to highly technical branches of knowledge. He was a teacher who, without vulgarisation, succeeded in making intelligible to many the main significance of the various fields of learning in which he moved. Few men of his time so successfully combined such a wide range of intellectual pursuits with such conspicuous excellence in each of them.
KeywordsPolitical Economy Common Sense Marginal Utility Marginal Productivity Demand Curve
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- 2.For a full account of Wicksteed’s life and literary achievements, see C. H. Herford, Philip Henry Wicksteed: His Life and Work (1931). In preparing this Introduction, I have drawn liberally on a chapter on Wicksteed’s economic writings, which I contributed to that work. But I have expanded it considerably, and in certain places where, in the light of further reflection or information, it seemed desirable, I have slightly altered the emphasis.Google Scholar
- 1.See Co-ordination of the Laws of Distribution, pp. 18—20; J. B. Clark, ‘Distribution as Determined by a Law of Rent’, Quarterly Journal of Economics (1891) 289ff.;Google Scholar
- 1.H. M. Thompson, The Theory of Wages (1892) chap. iv, passim.Google Scholar
- 1.See von Mises, Grundprobleme der Nationalökonomie (Jena 1933), especially the papers entitled ‘Soziologie und Geschichte’, pp. 64–222, and ‘Vom Weg der subjektivistischen Wertlehre’, pp. 237–55;Google Scholar
- 1.also Strigl, Die Okonomischen Kategorien und die Organisation der Wirtschaft (Jena, 1933).Google Scholar