Nicolaas Gerard PIERSON, Dutch economist. Dutch Minister Finance, 1891-1894; Prime Minister and Minister Finance, 1897-1901; Member, Dutch Second Chamber, since 1905.
PIERSON, Nicolaas Gerard was born in 1839 in The Netherlands.
As a statesman he sought to reform the Dutch tax system according to the principle of the ability to pay — indirect taxes were reduced, and an income tax introduced. His Leerboek.. was his chief publication, and places the emphasis on economics as a means for improving material welfare, rather than on pure theory. His position in Dutch economics was pre-eminent, and substantially influenced the progress of the subject in Holland.
Cotton merchant and Banker. Director, President, Nederlandsche Bank, 1866, 1885-1891. Professor, University Amsterdam, 1877.