The Rev. Henry Beeke has hitherto been known to historians of economics for his critique of the methods by which the value of Williams Pitt’s income tax had been estimated, Observations on the Produce of the Income Tax (1800). This pamphlet is one of the better examples of the tradition of economics known as Political Arithmetic. It earned the praise of both J.R. McCulloch, who called it ‘the best example of the successful application of statistical reasonings to finance that had then appeared’, and Sir Robert Giffen, who examined the estimates with some care in The Growth of Capital and remarked that many of Beeke’s calculations ‘were fully justified by the results of the Income Tax’ (p. 100).
Political Economy Good Friend Clear Statement Early Statement Statistical Reasoning
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