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According to Margaret Schabas, the economy as a whole was hardly referred to as such before the eighteenth century. Understanding of economics grew, she claims, in parallel with understanding of botany; hence her study here of Carl Linnaeus, who made a considerable contribution to both. Schabas has chapters on the French origins of the study of economics, Hume, Adam Smith, Malthus, Ricardo, John Stuart Mill and modern economists. Malthus and Ricardo, from whom she quotes extensively, are at the heart of this study. But she has overlooked that Malthus’ essay On the nature and progress of rent (1815) precisely anticipated Ricardo's theory of rent. Malthus published six editions of his Essay on Population between 1798 and 1826 and his views on manufacturing changed in that time. By 1803 he saw ‘the most advantageous manufactures in this country’ as those which ‘are consumed by the great body of the people’. That...
Walter Eltis (Fri,) studied this question.