Thomas Tooke
Thomas Tooke (born February 28, 1774 in Kronstadt , † February 26, 1858 in London ) was an English economist . He was the son of the historian William Tooke .
Together with John Fullarton, Tooke advocated the thesis that an economy's need for money will regulate itself all by itself. Against this thesis, Robert Torrens and David Ricardo argued that the money supply must be limited. Tooke wrote a history of the prices from 1793 to 1857, in which he u. a. proved that wages are always the last of all items of exchange whose prices are adjusted. Ferdinand Lassalle argued with this evidence in his famous defense speech before the Royal Court of Justice in Berlin against the charge of having publicly incited the hateful classes to hate and despise the property owners (The indirect taxes and the situation of the working classes Zurich 1863) .
literature
- The small encyclopedia , Encyclios-Verlag, Zurich, 1950, volume 2, page 766
| personal data | |
|---|---|
| SURNAME | Tooke, Thomas |
| BRIEF DESCRIPTION | English economist |
| DATE OF BIRTH | February 28, 1774 |
| PLACE OF BIRTH | Kronstadt |
| DATE OF DEATH | February 26, 1858 |
| Place of death | London |