Abstract
In 1821 there appeared two pamphlets which have been a matter of intermittent speculation ever since. They were Observations on Certain Verbal Disputes in Political Economy, particularly relating to Value, and to Demand and Supply (London: R. Hunter, 1821) and An Inquiry into Those Principles Respecting the Nature of Demand and the Necessity of Consumption, lately advocated by Mr. Malthus from which it is concluded that Taxation and the Maintenance of Unproductive Consumers can be Conducive to the Progress of Wealth (London: R. Hunter, 1821). The two pamphlets came quickly to the notice of Ricardo, whose attention was drawn to them by Tooke; and Ricardo attempted some reply to the first pamphlet in a letter to Trower written a month after receiving them.1
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Notes
D. Ricardo, Works and Correspondence, ed. P. Sraffa (Cambridge: Cambridge University Press, 1951–73) vol. IX, pp. 27, 38.
[S. Bailey], A Critical Dissertation on the Nature, Measure and Causes of Value; Chiefly in Reference to the Writings of Mr. Ricardo and his followers, (London: R. Hunter, 1825).
K. Marx, Theories of Surplus Value, (London: Lawrence and Wishart, 1972) vol. III, p. 110.
J. A. Schumpeter, History of Economic Analysis, (London: Allen and Unwin, 1954) p. 599 note 22.
E. R. A. Seligman, ‘On Some Neglected British Economists’ part I, Economic Journal, XIII (1903) pp. 335–63 at p. 351.
R. M. Rauner, Samuel Bailey and the Classical Theory of Value, (London: Bell, 1961) p. 89.
T. Sowell, ‘Samuel Bailey Revisited’, Economica, 37 (1970) pp. 402–8.
T. De Quincy, Collected Writings, ed. Masson (London: Black, 1897) vol. IX, p. 49.
T. Sowell, Say’s Law, (Princeton, N.J.: Princeton University Press, 1972).
Samuel Halkett and James Laing, Dictionary of Anonymous and Pseudonymous English Literature, new ed. by J. Kennedy, W. A. Smith and A. F. Johnson (Edinburgh: Oliver and Boyd, 1926–34).
K. Dennis, ‘The Bailey Notebooks and Authorship of “Verbal Disputes” ’, History of Economic Thought Newsletter, no. 11 (Autumn 1973) pp. 17–18.
R. M. Rauner failed to discover the presence of the Bailey papers in Edinburgh, despite an exhaustive search. See R. M. Rauner, ‘Samuel Bailey and Classical Economics’, Ph.D. thesis, University of London 1956, App. D, p. 713.
The papers are not mentioned either in the excellent standard guide by R. P. Sturges, Economists,’ Papers 1750–1950, (Durham, N.C.: Duke University Press, 1975). We are grateful to Dr Hall of Edinburgh University Library for his help in connection with these papers.
[H. Brougham], ‘Lord Lauderdale on Public Wealth’, Edinburgh Review, IV (1804) pp. 343–77.
W. E. Houghton (ed.), The Wellesley Index to Victorian Periodicals, vol. I (Toronto: Toronto University Press, 1966) p. 435.
[S. Bailey], A Letter to a Political Economist; occasioned by an article in the Westminster Review on the Subject of Value. By the Author of the Critical Dissertation on Value Therein Reviewed, (London: R. Hunter, 1826).
C. F. Cotterill, An Examination of the Doctrines of Value as set forth by Adam Smith, Ricardo, M’Culloch, Mill, the Author of, ‘A Critical Dissertation, &c. ’, Torrens, Malthus, Say &c. &c. being a Reply to those Distinguished Authors, (London: Simkin and Marshall, 1831).
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© 1982 D. P. O’Brien and A. C. Darnell
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O’Brien, D.P., Darnell, A.C. (1982). Samuel Bailey and Two Anonymous Pamphlets of 1821. In: Authorship Puzzles in the History of Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05697-2_5
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