Wicksteed, Philip Henry

Wicksteed, Philip Henry

▪ British economist
born Oct. 25, 1844, Leeds, West Yorkshire, Eng.
died March 18, 1927, Childrey, Berkshire

      British economist, classicist, literary critic, and theologian.

      Wicksteed, who was for some years a Unitarian minister, was a writer on literature, classics, theology, and philosophy, and his fame at the time of his death was greater in these contexts than as an economist. He wrote, among many works, Dante and Aquinas (1913) and Dogma and Philosophy (1920).

      His membership in the Fabian Society turned his interest to economics, and among his writings in this field are The Alphabet of Economic Science (1888) and The Common Sense of Political Economy (2 vols., 1910). Influenced by William Jevons and the Austrian economists, Wicksteed wrote on the theory of economic choice and the allocation of scarce resources. His most famous contribution to distribution theory, presented in An Essay on the Co-ordination of the Laws of Distribution (1894), was the use of Euler's Theorem to advance the view that distribution according to the principle of marginal productivity (marginal productivity theory) exhausted total product. It is believed that it was Wicksteed who turned George Bernard Shaw and the Fabians away from Marxism.

* * *


Universalium. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Philip Wicksteed — Born 25 October 1844(1844 10 25) Died 18 March 1927(1927 03 18) (aged 82) Nationality …   Wikipedia

  • Wicksteed, Rev. Philip Henry — (b. 1844)    Writer on Dante, political economy, etc. Translation of the Bible for Young People (1882), Alphabet of Economic Science (1888), Henrik Ibsen (1892), Dante, Six Sermons (1895), Trans.: De Witte s Select Essays on Dante (with C.M.… …   Short biographical dictionary of English literature

  • Philip Wicksteed — Philip Henry Wicksteed (1844 1927) est un économiste anglais appartenant au courant marginaliste Sommaire 1 Ouvrages principaux 2 l Utilité marginale décroissante dans la formation de l équilibre …   Wikipédia en Français

  • Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …   Wikipedia

  • Marginalism — Economics …   Wikipedia

  • wage and salary — ▪ economics Introduction       income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …   Universalium

  • Barone, Enrico — ▪ Italian economist born December 22, 1859, Naples, Italy died May 14, 1924, Rome       Italian mathematical economist who expanded on the concepts of general equilibrium previously formulated by French economist Léon Walras (Walras, Léon).… …   Universalium

  • Liste d'économistes — Vous trouverez classés alphabétiquement une liste d économistes reconnus internationalement, parce qu ils ont reçu le prix de la Banque de Suède en sciences économiques en mémoire d Alfred Nobel ou un prix internationalement reconnu, ou parce que …   Wikipédia en Français

  • Marginal concepts — In economics, marginal concepts are associated with a specific change in the quantity used of a good or service, as opposed to some notion of the over all significance of that class of good or service, or of some total quantity thereof.… …   Wikipedia

  • Marginal value — A marginal value is a value that holds true given particular constraints, the change in a value associated with a specific change in some independent variable, whether it be of that variable or of a dependent variable, or [when underlying values… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”