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John RAE

John RAE, economist.

Background

  • RAE, John was born in 1796 in Scotland.

  • Education

    • He migrated to Canada in 1822, having acquired at the universities of Edinburgh and Aberdeen knowledge not only of the classics but also of mathematics and, to some degree, of medicine.

    Career

    • Though working in near complete isolation, he succeeded in creating a theory of capital to which BohmBawerk and others were indebted. In his lifetime some small recognition from J. S. Mill was almost the only notice he obtained. In addition to his capital theory, he discussed the formation of saving, the importance of inventions, and the role of government in redirecting money from luxury expenditure into education, and other forms of public expenditure.

      Schoolmaster in Canada, California and Hawaii.

    Works

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    Born 1796
    Died 1872
    (aged 76)
    Nationality

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    Анна Коршун last changed 30/06/2017 view changes
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      • book: Statement of Some New Principles on the Subject of Political Economy
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      • book: Statement of some new principles on the subject of political economy: exposing the fallacies of the system of free trade, and some other doctrines maintained in the "Wealth of nations"
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      • book: John Rae, Political Economist: An Account of His Life and a Compilation of His Main Writings; Volume 1: Life and Miscellaneous Writings; Vol. 2: Statement of Some New Principles on the Subject of Political Economy (SET, I & II)
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      • book: Statement of some new principles on the subject of political economy
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      • book: Statement of Some New Principles on the Subject of Political Economy - Scholar's Choice Edition
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      • book: Statement of Some New Principles on the Subject of Political Economy; Exposing the Fallacies of the System of Free Trade, and of Some Other Doctrines
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