Philips (or Philipps) was born at Picton Castle, Pembrokeshire around 1698, and drowned in the river Avon near Bath on 7 October 1743. He entered Pembroke College, Oxford in 1720, but left in the following year and went to Lincoln's Inn in 1721; it is not known when or if he was called to the bar. He entered parliament as MP for Haverfordwest in 1726, and held the seat until his death. In 1736 he succeeded to his father's baronetcy.
From The Biographical Dictionary of British Economists in Oxford Reference.