The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Lloyd, William Forster (1794–1852)

  • Barry Gordon
Reference work entry


Lloyd was Drummond Professor of Political Economy at the University of Oxford from 1832 to 1837. During those years he delivered a series of lectures which display marked originality and willingness to differ from the current canons of received wisdom among political economists. Twelve of the lectures were published. The manuscripts of the remaining lectures, approximately 24 in number, have not been found (Romano 1977).


Concentration of ownership Justice Labour power Lloyd, W. F. Marginal utility theory of value Class Poor Law Poverty Subsistence wage 

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  1. Bowley, M. 1972. The predecessors of Jevons – The revolution that wasn’t. The Manchester School of Economic and Social Studies 40(1): 9–29.Google Scholar
  2. Gordon, B.J. 1966. W.F. Lloyd: A neglected contribution. Oxford Economic Papers, NS, 18(1): 64–70.Google Scholar
  3. Harrod, R.F. 1927. An early exposition of final utility: W.F. Lloyd’s lecture on the notion of value (1833) reprinted. Economic History (supplement to the Economic Journal), May, 168–183.Google Scholar
  4. Romano, R.M. 1971. W.F. Lloyd – A comment. Oxford Economic Papers 23: 285–290.CrossRefGoogle Scholar
  5. Romano, R.M. 1977. William Forster Lloyd – A non-Ricardian? History of Political Economy 9: 412–441.CrossRefGoogle Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Barry Gordon
    • 1
  1. 1.