Richard Jones (economist)

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Richard Jones
Richard Jones00.jpg
Richard Jones
Born 1790
Tunbridge Wells
Died 20 January 1855
Hertford Heath
Nationality English
Field Political Economy
School/tradition English historical school

Richard Jones (1790, Tunbridge Wells – 20 January 1855, Hertford Heath)[1] was an English economist who criticised the theoretical views of David Ricardo and T. R. Malthus on economic rent and population.

Life[edit]

The son of a solicitor, Jones was intended for the legal profession, and was educated at Caius College, Cambridge.[2] 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.[3]

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[edit]

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 thorough-going critic of the Ricardian system.

Jones's method is inductive; his conclusions are founded on a wide observation of contemporary facts, aided by the study of history. The world he professed to study was not an imaginary world, inhabited by abstract "economic men," but 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. His recognition of such different systems of life in communities occupying different stages in the progress of civilization led to his proposal of what he called a "political economy of nations." This was a protest against the practice of taking the exceptional state of facts which exists, and is indeed only partially realized, in a small corner of our planet as representing the uniform type of human societies, and ignoring the effects of the early history and special development of each community as influencing its economic phenomena.

While respecting Malthus in esteem, Jones declines 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[edit]

References[edit]

  1. ^ William Whewell, "Prefatory Note", Literary remains, consisting of lectures and tracts on political economy of the late Rev. Richard Jones, ed. William Whewell, London: John Murray, 1859, p. xl.
  2. ^ "Jones, Richard (JNS812R)". A Cambridge Alumni Database. University of Cambridge. 
  3. ^ Denis Patrick O'Brien, The classical economists revisited, Princeton University Press (2004) ISBN 0-691-11939-2