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Con Pec 2000; 19:53-70
© 2000 Cambridge Political Economy Society

Article

New light on the economics of William Petty (1623-1687): some findings from previously undisclosed manuscripts

T Aspromourgos

Department of Economics, University of Sydney, Australia

Abstract

It is widely accepted that William Petty is one of the half dozen most important economic writers before Turgot and Adam Smith, in the formation of classical economics. The British Library's acquisition in 1993 of a very large archive of Petty manuscripts has enabled deeper investigations of his thought. This paper outlines some new discoveries from that source, pertaining to Petty's economic thought. The emphasis is primarily upon ideas not evident in the previously available, published Petty writings. These relate most particularly to the theory of surplus and cost, indirect taxation, and the limits to (rational) quantification.


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