Joseph Shield Nicholson

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Joseph Shield Nicholson
Born 9 November 1850
Wrawby, Lincolnshire
Died 12 March 1927
Notable awards Guy Medal in Silver
Grave of Joseph Shield Nicholson, Dean Cemetery

Joseph Shield Nicholson (1850–1927) was an English economist, born at Wrawby, Lincolnshire.

He was educated at King's College London, Edinburgh, Cambridge, and Heidelberg. He was private tutor at Cambridge (1876–80) and became professor of political economy at Edinburgh in 1880.

He was the first president of the Scottish Society of Economists, serving from the creation of the Society in 1897 until 1903.[1]

His writings represent a compromise between the methods of the historical school of German economics and those of the English deductive school. In his principal work, Principles of Political Economy (three volumes, 1893–1901), he closely follows John Stuart Mill in his selection of material, but employs statistical and historical discussion instead of the abstract reasoning from simple assumption which characterizes Mill's work.

He is buried in the 20th century extension to Dean Cemetery in the central section.


Among his other writings are:
  • Effects of Machinery on Wages (1878)
  • Tenant's Gain not Landlord's Loss (1883)
  • The Silver Question (1886)
  • Money and Monetary Problems (1888)
  • Historical Progress and Ideal Socialism (1894)
  • Strikes and Social Problems (1896)
  • Elements of Political Economy (1903)
  • History of the English Corn Laws (1904)
  • Rates and Taxes (1905)
  • Rents, Wages, and Profits in Agriculture and Rural Depopulation (1906)
  • A Project of Empire (1909)
  • Tales from Ariosto (1913)
  • Life and Genius of Ariosto (1914)
  • War finance (1917)

Nicholson also wrote three romances:

  • A Dreamer of Dreams (1889)
  • Thoth (1888)
  • Toxar (1890)[2]


  1. ^ Hutton, Alan (2006). "A Scottish tradition of applied economics in the twentieth century". In Alexander Dow, Sheila Dow. The history of Scottish economic thought. London: Routledge. pp. 237–238. ISBN 0415344379. 
  2. ^ W. R. Scott: ‘Nicholson, Joseph Shield... In: Oxford Dictionary of National Biography (Oxford: OUP, 2004). Retrieved 9 November 2010. Subscription required.

External links[edit]