Daniel Raymond: Difference between revisions
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'''Daniel Raymond''' was the first important political economist to appear in the [[United States]]. |
'''Daniel Raymond''' (1786–1849) was the first important [[political economist]] to appear in the [[United States]]. He authored ''Thoughts on Political Economy'' (1820) and ''The Elements of Political Economy'' (1823). |
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He authored ''Thoughts on Political Economy'' (1820) and ''The Elements of Political Economy''(1823). |
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==Economic theory== |
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He theorized that "labor creates wealth," which may have been an improvement based on the thinking of [[Adam Smith]] of [[Europe]]. |
He theorized that "labor creates wealth," which may have been an improvement based on the thinking of [[Adam Smith]] of [[Europe]]. Daniel Raymond thought that the economy of [[England]] was actually the economy of the higher-ranking members of that society, and not the economy of the entire nation. He held that [[wealth]] is not an aggregation of [[exchange value]]s, as [[Adam Smith]] had conceived it. Daniel Raymond held that wealth is the capacity or opportunity to acquire the necessaries and conveniences of life by labor. |
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Raymond systematized the [[infant industry argument]].<ref name="kick">[[Ha Joon Chang|Chang, Ha-Joon]]. [http://www.paecon.net/PAEtexts/Chang1.htm "Kicking Away the Ladder: How the Economic and Intellectual Histories of Capitalism Have Been Re-Written to Justify Neo-Liberal Capitalism"]. ''[[Post-Autistic Economics Review]]''. 4 September 2002: Issue 15, Article 3. Retrieved on 8 October 2008.</ref> |
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His writings affected the political developments that shaped the [[United States]]. States Rights Democrats appeared in the United States [[Congress]] for the first time when [[James Hamilton Jr.]] of [[South Carolina]] was elected in [[1822]]. Congressman Hamilton was a staunch Pro-Slavery advocate of nullification, as was [[Robert Y. Hayne]], the first Pro-Slavery Democrat to be elected to the [[United States]] [[Senate]], in 1823. |
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==Political theory== |
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In 1845, he wrote a book entitled 'The Elements of Constitutional Law' which included basic definitions of a government, a [[sovereign state]], a confederacy and a [[constitution]]. While these concepts have evolved, much of the basic theories which he outlined still have relevance in modern political analysis.<ref>http://books.google.ie/books?id=kf8Hh8yGINsC&printsec=titlepage#PPA23,M1</ref> |
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His writings affected political developments in the [[United States]].<ref>{{cite book|url=http://books.google.com/books?id=WhUs1Gx95hAC&pg=PA60&lpg=PA60&dq=%22Daniel+Raymond%22+abolitionism+%22library+of+congress%22&source=web&ots=6HOlEbZ6xz&sig=S7GYq4NzvELkh94nJmowAvNW7_Q&hl=en&sa=X&oi=book_result&resnum=3&ct=result#PPA60,M1|title=Slavery, Philosophy, and American Literature, 1830-1860 | first=Maurice S. | last=Lee | isbn=978-0-521-84653-0 | year=2005 | publisher=Cambridge University Press}}</ref> |
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==References== |
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{{Reflist}} |
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{{Authority control}} |
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{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. --> |
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| NAME = Raymond, Daniel |
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| ALTERNATIVE NAMES = |
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| SHORT DESCRIPTION = American economist |
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| DATE OF BIRTH = 1786 |
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| PLACE OF BIRTH = |
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| DATE OF DEATH = 1849 |
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| PLACE OF DEATH = |
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}} |
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{{DEFAULTSORT:Raymond, Daniel}} |
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[[Category:American political writers]] |
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[[Category:American male writers]] |
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[[Category:1786 births]] |
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[[Category:1849 deaths]] |
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{{US-economist-stub}} |
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Revision as of 08:43, 11 August 2015
Daniel Raymond (1786–1849) was the first important political economist to appear in the United States. He authored Thoughts on Political Economy (1820) and The Elements of Political Economy (1823).
Economic theory
He theorized that "labor creates wealth," which may have been an improvement based on the thinking of Adam Smith of Europe. Daniel Raymond thought that the economy of England was actually the economy of the higher-ranking members of that society, and not the economy of the entire nation. He held that wealth is not an aggregation of exchange values, as Adam Smith had conceived it. Daniel Raymond held that wealth is the capacity or opportunity to acquire the necessaries and conveniences of life by labor.
Raymond systematized the infant industry argument.[1]
Political theory
In 1845, he wrote a book entitled 'The Elements of Constitutional Law' which included basic definitions of a government, a sovereign state, a confederacy and a constitution. While these concepts have evolved, much of the basic theories which he outlined still have relevance in modern political analysis.[2]
His writings affected political developments in the United States.[3]
References
- ^ Chang, Ha-Joon. "Kicking Away the Ladder: How the Economic and Intellectual Histories of Capitalism Have Been Re-Written to Justify Neo-Liberal Capitalism". Post-Autistic Economics Review. 4 September 2002: Issue 15, Article 3. Retrieved on 8 October 2008.
- ^ http://books.google.ie/books?id=kf8Hh8yGINsC&printsec=titlepage#PPA23,M1
- ^ Lee, Maurice S. (2005). Slavery, Philosophy, and American Literature, 1830-1860. Cambridge University Press. ISBN 978-0-521-84653-0.
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