Classical Political Economy in Its Heyday

Margaret Schabas

in The Natural Origins of Economics

Published by University of Chicago Press

Published in print January 2006 | ISBN: 9780226735696
Published online February 2013 | e-ISBN: 9780226735719 | DOI:
Classical Political Economy in Its Heyday

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This chapter examines the works of several English economists and shows how their theories about political economy are indebted to natural philosophy. These include the works of David Ricardo, Thomas Robert Malthus, Nassau Senior and John Ramsey McCulloch. This chapter argues that there was a gradual shift toward the role of human institutions as the point of origin for economic phenomena and that commitment to providing a detailed account of human nature and of wealth as a natural phenomena had waned considerably.

Keywords: English economists; political economy; natural philosophy; David Ricardo; Thomas Robert Malthus; Nassau Senior; John Ramsey McCulloch; human institutions; economic phenomena; human nature

Chapter.  10295 words. 

Subjects: Economic History

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