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Richard Jones
Economist from England

Richard Jones

The basics

Quick Facts

Intro
Economist from England
Work field
Gender
Male
Religion(s):
Birth
Place of birth
Royal Tunbridge Wells, Tunbridge Wells, Kent, United Kingdom
Place of death
Hertford Heath, East Hertfordshire, Hertfordshire, United Kingdom
Age
65 years
Education
University of Cambridge,
Cambridgeshire, East of England, United Kingdom
Gonville and Caius College,
Cambridge, Cambridgeshire, United Kingdom
Employers
King's College London
Southwark, London Borough of Southwark, United Kingdom
The details (from wikipedia)

Biography

Richard Jones (1790 – 20 January 1855) was an English economist who criticised the theoretical views of David Ricardo and T. R. Malthus on economic rent and population.

Life

The son of a solicitor, Jones was intended for the legal profession, and was educated at Caius College, Cambridge. Owing to ill-health, he abandoned the idea of the law and took orders soon after leaving Cambridge. For several years he held curacies in Sussex and Kent.

In 1833 Jones was appointed professor of political economy at King's College London, resigning this post in 1835 to succeed T. R. Malthus in the chair of political economy and history at the East India College at Haileybury.

Along with Charles Babbage, Adolphe Quetelet, William Whewell and Thomas Malthus, Jones was instrumental in founding the Statistical Society of London (later "Royal Statistical Society") in 1834.This was an outgrowth of the Statistical Section of the British Association for the Advancement of Science.

Jones took an active part in the Tithe Commutation Act 1836 and was a tithe commissioner to 1851. He was for some time, also, a charity commissioner. He died at Haileybury, shortly after he had resigned his professorship.

Work

In 1831 Jones published his Essay on the Distribution of Wealth and on the Sources of Taxation, his major work. In it he showed himself a critic of the Ricardian system.

Jones's method was inductive; his conclusions are based on the real world with the different forms which the ownership and cultivation of land, and, in general, the conditions of production and distribution, assume at different times and places. He resisted taking the exceptional British state of affairs as representing the uniform type of human societies, and admitted path dependence in economics. While respecting Malthus, he declined to accept that an increase of the means of subsistence is necessarily followed by an increase of population. He maintained that with the growth of population, in all well-governed and prosperous states, the command over food, instead of diminishing, increases.

Major publications

The contents of this page are sourced from Wikipedia article on 23 Feb 2024. The contents are available under the CC BY-SA 4.0 license.
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Richard Jones
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