Sir William Petty

(1623—1687) natural philosopher and administrator in Ireland

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published economic treatises, the principal of which was entitled Political Arithmetic (1690), a term signifying that which we now call statistics. In this he examined, by the quantitative method, the current allegations of national decay and traced the sources of wealth to labour and land. He was knighted and made an original member of the Royal Society in 1662.

Subjects: Arts and Humanities.

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