Abstract
This chapter will focus on those writers of the English classical school who followed Adam Smith. The scope of the chapter is defined by the method of analysis and the writers’ choice of problem rather than by the time period. Those writers are included whose work elaborates the theory of the equilibrium and stability of resource allocation contained in The Wealth of Nations. The work of contemporary writers (such as Cournot, Dupuit and Ellet) who developed the seminal ideas of Turgot and elaborated the static equilibrium conditions for various categories of markets will be discussed in chapter 4.
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Notes
G. J. Stigler, Five Lectures on Economic Problems ( London: Longmans, Green, 1949 ) 26.
R. Torrens, On Wages and Combination, 2nd ed. ( London: Longman, Orme, Brown, Green, and Longman, 1838 ).
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Hoselitz in J J. Spengler and W. R. Allen (eds.), Essays in Economic Thought: Aristotle to Marshall ( Chicago: Rand McNally, 1960 ) 248–9.
W. Ellis, ‘Effect of the Employment of Machinery andc. upon the Happiness of the Working Classes’, Westminster Review, ix (1826) 101–30.
T. Tooke, Considerations on the State of the Currency, 2nd ed. ( London: Murray, 1826 ).
S. Read, Political Economy (Edinburgh: 1829 )244.
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J. A. Schumpeter, History of Economic Analysis (London: Allen and Unwin, 1954) 556 and 556n.
J.-B. Say, Catechism of Political Economy, Translated by J. Richter ( London: Sherwood, Neely and Jones, 1816 ) 28.
See J. Craig, Elements of Political Science (Edinburgh: Blackwood, 1821) vol. 11, 82ff.
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J. Maitland, 8th Earl of Lauderdale, An Inquiry into the Nature and Origin of Public Wealth, 1st ed. 1804 ( New York: Kelley, 1962 ) 167–8.
A. Cournot, Researches into the Mathematical Principles of the Theory of Wealth, 1st French ed. 1838, Translated by N. Bacon ( New York: Macmillan, 1929 ) 60.
See, for example, D. Lardner, Railway Economy ( New York: Harper, 1855 ).
N. W. Senior, Letters on the Factory Act ( London: Fellowes, 1837 )13, his emphasis.
N. W. Senior, Industrial Efficiency and Social Economy, Edited by S. L. Levy ( New York: Holt, 1928 )Part iv, 15.
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S. Bailey, A Critical Dissertation on the Nature, Measures, and Causes of Value, 1st ed. 1825 (London: L. S. E. reprint, 1931 ) 185.
W. T. Thornton, On Labour, 2nd ed. ( London: Macmillan, 1870 ) 52.
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N. W. Senior, An Outline of the Science of Political Economy, 1st ed. 1836 ( London: Allen and Unwin, 1938 ) 24.
T. Cooper, Lectures on the Elements of Political Economy, 2nd ed. ( Columbia, S.C.: Morris and Wilson, 1830 ) 82.
R. D. Ely, ‘Senior’s Theory of Monopoly’,in, Papers and Proceedings of the Twelfth Annual meeting of the American Economic Association ( New York: Macmillan, for the American Economic Association, 1900 ).
See particularly M. Bowley, Studies in the History of Economic Thought before 1870 (London: Macmillan, 1973) study no .iii.
D. P. O’Brien, J. R. McCulloch ( London: Allen and Unwin, 1970 ) 366–70.
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© 1978 Philip L. Williams
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Williams, P.L. (1978). J. S. Mill. In: The Emergence of the Theory of the Firm. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03789-6_3
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