Hostname: page-component-cd9895bd7-gbm5v Total loading time: 0 Render date: 2024-12-28T08:22:38.530Z Has data issue: false hasContentIssue false
  • English
  • Français

On the Bicentennial of the other “Inquiry”: Lauderdale's

Published online by Cambridge University Press:  11 June 2009

Syed Ahmad
Syed Ahmad
Affiliation:
Department of Economics, McMaster University, Hamilton, Canada, L8S 4M4.
Get access Rights & Permissions [Opens in a new window]

Extract

James Maitland, Lord Lauderdale published his An Inquiry into the Nature and Origin of Public Wealth and into the Means and Causes of its Increase (1804) only twentyeight years after the publication of the “Inquiry”: An Inquiry into the Nature and Causes of the Wealth of Nations, by Adam Smith. A comparison of the titles strongly suggests some relationship, and indeed even glancing through the first few pages of Lauderdale's book confirms this conjecture. The book takes off as a critique of Smith's, and by-and-large remains so till the end. Many of the elements of his criticism can be seen in the difference in the wording of the titles of the two books. Except for “Nations” all the significant words in Smith's title are included in Lauderdale's, but he adds three more: “Origin,” “Means” and “Public” (which is not a substitute for the omitted “Nation”). As we shall see, in his view, ignoring these led to major deficiencies in Smith's work, and Lauderdale set out to point them out, and if possible, to correct them.

Type
Research Article
Information
Journal of the History of Economic Thought , Volume 29 , Issue 1 , March 2007 , pp. 85 - 100
Copyright
Copyright © The History of Economics Society 2007

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Ahmad, Syed (1975) The Paradox of Bliss and Money as Net Wealth, Journal of Money, Credit and Banking, VII (3), pp. 385–90.CrossRefGoogle Scholar
Ahmad, Syed (1991) Capital in Economic Theory: Neo-Classical, Cambridge and Chaos (Aldershot: Edward Elgar).Google Scholar
Ahmad, Syed (1996) Smith's Division of Labor and Rae's Invention: A Study of the Second Dichotomy with an Evaluation of the First, History of Political Economy, 28 (3), pp. 441–58.CrossRefGoogle Scholar
Anonymous (Attributed to Henry Brougham) (1804) Review of Lord Lauderdale's Inquiry into the Nature and Origin of Public Wealth, The Edinburgh Review, Article VIII, pp. 343–77.Google Scholar
Anonymous (Attributed to James Mill) (1804) An Inquiry into the Nature and Origin of Public Wealth and into the Measurement and Causes of its Increase, Monthly Review, 44, Article IX (07), pp. 290–304.Google Scholar
Bailey, Samuel (1825) A Critical Dissertation on the Nature, Measure and Causes of Value (New York: A. Kelley, 1967).Google Scholar
Blaug, Mark (1997) Economic Theory in Retrospect, 5th edition (Cambridge: Cambridge University Press).CrossRefGoogle Scholar
Böhm-Bawerk, Eugene (1889) Positive Theory of Capital (South Holland, IL: Libertarian Press, 1959).Google Scholar
Brewer, Anthony (1991) Economic Growth and Technical Change: John Rae's Critique of Adam Smith, History of Political Economy, 23 (1), pp. 1–11.CrossRefGoogle Scholar
Corry, Bernard (1958) The Theory of Economic Effects of Government Expenditure in English Classical Political Economy, Economica, XXV (97), pp. 34–48.CrossRefGoogle Scholar
Cournot, August (1838) Researches into the Mathematical Principles of the Theory of Wealth (New York: Macmillan, 1897).Google Scholar
D'Avenant, Charles (1696/1771) The Political and Commercial Works of the Celebrated Writer Charles D'Avenant LL.D., SirWhitworth, Charles (Ed) (Fanborough: Cregg, 1968).Google Scholar
Dupuit, Jules (1844) On the Measurement of Utility of Public Works, International Economic Papers, 2, 1952, pp. 83–110.Google Scholar
Fetter, Frank. A. (1945) Lauderdale's Oversaving Theory, American Economic Review, XXXV (3), pp. 263–83.Google Scholar
Fisher, Irving (1897) A Neglected Economist, John Rae: A Note, Yale Review, 4 (4), p. 457.Google Scholar
Gossen, Hermann. H. (1854) The Laws of Human Relationships and the Rules of Human Actions Derived Therefrom (Cambridge, MA: MIT, 1983).Google Scholar
Hahn, Frank (1972) The Share of Wages in the National Income: An Enquiry into the Theory Of Distribution (London: Weidenfeld and Nicolson).Google Scholar
Hamouda, Omar et al. (Eds) (1998) On John Rae's Economics (London: Routledge).Google Scholar
James, R. W. (1965) John Rae: Political Economist, Vols. I and II (Toronto: Toronto University Press).Google Scholar
Johnson, Harry (1969) Inside Money, Outside Money, Income, Wealth and Welfare in Monetary Theory, Journal of Money, Credit and Banking, 1 (1), pp. 30–45.CrossRefGoogle Scholar
Kaldor, Nicholas (1955–1956) Alternative Theories of Distribution, Review of Economic Studies, XXIII (2), pp. 83–100.CrossRefGoogle Scholar
Keynes, John Maynard (1930) Treatise On Money (London: Macmillan).Google Scholar
Keynes, John Maynard (1936) The General Theory of Employment, Interest and Money (London: Macmillan).Google Scholar
Lange, Oskar (1942) Say's Law: A Restatement and Criticism, Studies in Mathematical Economics and Econometrics, Lange, O. et al. (Eds) (Chicago: Chicago University Press), pp. 49–68.Google Scholar
Lauderdale, Earl of (1804) An Inquiry into the Nature and Origin of Public Wealth and into the Means and Causes of Its Increase (New York: A. Kelly, 1962).Google Scholar
Lauderdale, Earl of (1804a) Observations on the Review of his Inquiry into the Nature Origin of Public Wealth (Edinburgh: D. Wilson).Google Scholar
Malthus, T. R. (1820) Principles of Political Economy (London: W. Pickering, 1836).Google Scholar
Mandeville, Bernard (1714) The Fable of the Bees, or Private Vices, Public Benefits (London: Edmund Parker, 1723).Google Scholar
Marshall, Alfred (1890) Principles of Economics (London: Macmillan, 1922).Google Scholar
Paglin, Morton (1961) Malthus & Lauderdale: An Anti-Ricardian Tradition (New York: A. Kelly).Google Scholar
Paglin, Morton (1987) Lauderdale, the Eighth Earl of, in: John, Eatwell et al. (Eds) New Palgrave Dictionary, Vol. 5 (London: Macmillan) 1998, pp. 39–40.Google Scholar
Patinkin, Don (1956) Money, Interest and Prices (New York: Row, Peterson and Company).Google Scholar
Quesnay, Francois. (1757) Grains. Reprinted in Francois Quesnay et la Physioratie, Vol. II, (Paris: Institut National D'etude Demographique, 1958), pp. 459–510.Google Scholar
Rae, John (1834) Statement of Some New Principles on the Subject of Political Economy, Exposing the Fallacy of the System of Free Trade and Some other Doctrines in the “Wealth of Nations” (Boston: Hillard Grey and Co). Republished as Vol. II of James (1965).Google Scholar
Ricardo, David (1952) The Works and Correspondence of David Ricardo Vol. VI, Letters 1810–1815, Sraffa, P. (Ed) (Cambridge: Cambridge University Press).Google Scholar
Say, J. B. (1803) A Treatise on Political Economy (New York: A. Kelly, 1964).Google Scholar
Schumpeter, Joseph (1911) Theory of Economic Development (New York: Oxford University Press, 1961).Google Scholar
Schumpeter, Joseph. (1954) History of Economic Analysis (New York: Macmillan).Google Scholar
Smith, Adam (1776) An Inquiry into the Nature and Causes of the Wealth of Nations (New York: Random House, 1937).Google Scholar
Viner, Jacob (1927) Adam Smith and Laissez Faire, Journal of Political Economy, 35 (2), pp. 189–232.CrossRefGoogle Scholar
Walras, Leon (1874) Elements of Pure Economics (London: Allen and Unwin, 1954).Google Scholar
Wieser, von Fiedrich (1889) Natural Value (London: Macmillan, 1893).Google Scholar