Jacob Vanderlint
Jacob Vanderlint († February 1740) was a timber merchant at Blackfriars, London and as an economic writer a forerunner of the Physiocrats and an early proponent of quantity theory .
Life
In his essay Money Answers all Things; ... he clearly presented some pieces of theory that later economists further developed. For example, the principle that nominal prices rise or fall according to the excess or lack of money.
He proposed improving business conditions in England by reducing the general pension by twenty percent. The pension recipients do not have to suffer a loss as a result, since labor and goods would become correspondingly cheaper as a result.
Karl Marx mentioned Vanderlint in Volume I of his theories on surplus value . John Gray rightly derived the physiocratic doctrine from John Locke and Vanderlint.
The following passage from Gray's writing marks Marx as "Vanderlintisch":
“As long as a piece of arable land can be found for every idler, no idler should be left without a piece of land. Workhouses are a good thing; but fields of work are much better. "
Works
- Money Answers All Things; or an Essay to make Money plentiful among all Ranks of People and increase our Foreign and Domestick Trade . 8 volumes. London 1734, archive.org .
literature
- James Barney Marsh: Jacob Vanderlint and the Roots of Supply-Side Economics . In: Eastern Economic Journal , Vol. 12, No. 1, January-March 1986, pp. 63-72, JSTOR 40357385 .
Individual evidence
- ↑ Karl Marx: Theories about the surplus value. MEW 26.1, p. 362.
| personal data | |
|---|---|
| SURNAME | Vanderlint, Jacob |
| BRIEF DESCRIPTION | British timber merchant and economic writer |
| DATE OF BIRTH | 17th century or 18th century |
| DATE OF DEATH | February 1740 |