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Robert Torrens is now widely recognized as one of the major figures in the development of classical economics. In a publishing career spanning fifty years, Torrens made significant contributions to the discussion of every major economic issue of the first half of the nineteenth century and made extensive contributions to Ricardian economics. The 1820 edition of An Essay on the External Corn Trade contains one of the clearest expositions of the corn model. Even earlier, the 1815 edition of the Essay contains a statement of the principle of comparative advantage some four years before it appears in Ricardo's writings. However it is for his contributions to money and banking that Torrens is probably best remembered. He wrote on monetary questions throughout his life and came to particular prominence as the champion of the Currency School. His Letter to Lord Melbourne (1837) which appears here in volume seven is widely seen as leading to separation of the issue and banking departments of the Bank of England brought about by the Bank Charter Act of 1844. In many of his writings, Torrens is outstanding for the independence and originality of his thought. In the letters to Lord John Russell that form the core of the 1844 work The Budget, Torrens modifies the general classical theory of trade by arguing for 'reciprocity' rather than unilateral free trade. He also differed markedly from early classical economics, especially Smith, by arguing that colonies offered significant benefits to the colonial power. Not only did colonies provide profitable investment opportunities to offset declining rates of profit at home, they also provided the ultimate solution to Malthusian overpopulation. Torrens' interest in colonisation went beyond theory, and he was extensively involved in the planning of the successful development of colonies in Australia. The experience of this is recorded in the extremely rare Colonization of South Australia, included in this set. This set collects all of Torrens's major economics writings. As well as including all of his published books, it gathers a wide range of shorter pieces, and many newspaper articles. Each volume contains a new introduction by the editor and the final volume is supplemented by an extensive bibliography, greatly extending and superseding the one in Robbins' 1958 study of Torrens. --the first collected works of this major economist --selects the best editions of the works and includes exceptionally rare items --eight new introductions to the volumes and extensive bibliography by Torrens scholar Giancarlo de Vivo
Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced.
John Stuart Mill's 'The Collected Works of John Stuart Mill' is a landmark collection of essays and philosophical writings that explore topics such as utilitarianism, political economy, and individual freedom. Mill's writing is characterized by its clarity, logical reasoning, and commitment to advancing social and political progress. Set against the backdrop of 19th-century England, Mill's works are considered essential reading for anyone interested in political philosophy and ethics. The collection includes influential works such as 'On Liberty' and 'Utilitarianism', which continue to shape modern debates on individual liberty and the role of government in society. John Stuart Mill, a prominent British philosopher and economist, was a leading figure in the utilitarian movement and a fierce advocate for individual rights and freedom of speech. His upbringing in a family of philosophers and his own experiences as a civil servant greatly influenced his writings, which sought to reconcile individual liberty with social progress. I highly recommend 'The Collected Works of John Stuart Mill' to readers interested in political philosophy, ethics, and the history of ideas. Mill's insightful and thought-provoking essays continue to resonate with contemporary issues and will undoubtedly enrich the intellectual curiosity of any reader.