William Petty

McCormick, Ted

doi:10.1093/acprof:oso/9780199547890.001.0001

Cited by 214 publications

(3 citation statements)

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“…As early as 1683, the outstanding English economist and statistician in the scientific work "Political Arithmetic" revealed the essence of the concept of the economic value of a human worker. However, he did not bring his views to the level of an independent theory (McCormick, 2010). After that, various aspects of human capital were described in the writings of the classics of economic science, in particular A. Smith, K. Marx, A.…”

Section: Main Textmentioning

confidence: 99%

The Nation’s Human Capital Is a Major Resource of the State’s Innovation Potential

Bogashko

2020

SIE

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The problem is important and relevant because in the process of formation of the world economy and economic science, the goals and objectives, means and criteria of modern socio-economic development of countries have been rethought. Studies of competitiveness, priority factors of economic growth, and criteria for the effectiveness of economic activity in a market environment have become relevant. The state of the economy, intensification, progress of economic development depend on innovative potential and human capital, which affect the system of economic relations at the micro, macro and mega levels. The aim of the article is to study the evolution of the scientific concept of human capital and determine the socio-economic nature of national human capital. The article also determines the value of human capital in the system of factors of innovative development of the economy of countries. The article used general scientific and special research methods: analysis and synthesis, morphological analysis, logical generalization and comparison, graphical method.The study presents approaches to determining the socio-economic category of “human capital”. An analysis of the scientific literature indicates that the category of “human capital” most fully reflects the role and place of people in the economic system.The article notes that different countries of the world use different indicators of human capital: the Human Development Index, the Quality of Life Index and the Index of Human Happiness. The most common indicator of human capital development is the Human Development Index. The article presents the author's classification of human capital, which includes the levels and structure of capital. This will help government agencies better regulate the development of national human capital.

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Section: Main Textmentioning

confidence: 99%

The Nation’s Human Capital Is a Major Resource of the State’s Innovation Potential

Bogashko

2020

SIE

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“…13 Only the national census in 1801 (followed in 1803 by Malthus's statistically enriched second edition of the Essay on the Principle of Population) heralded the 19th century "avalanche of printed numbers" and brought political arithmetic's promise within reach. 15 Recent work also argues that far from vanishing after 1714, political arithmetic's use in policy debates was so institutionalized as to become almost tacit. Yet it has been challenged on a number of points.…”

Section: Political Arithmetic As Social Sciencementioning

confidence: 99%

Political Arithmetic's 18th Century Histories: Quantification in Politics, Religion, and the Public Sphere

McCormick¹

2014

History Compass

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Seventeenth‐and 18th‐century political arithmetic – the gathering, interpretation, and dissemination of quantitative demographic information for various political, economic, scientific, and scholarly purposes – has attracted increasing scholarly attention since the mid‐1990s. Long understood as an early or proto‐social scientific discipline, anticipatory of modern economics and statistical demography, political arithmetic has emerged from recent studies (informed by new approaches to state‐formation, contextual intellectual history, constructivist history of science, and work on biopolitical governmentality) as a more variegated, less straightforwardly modern and, notably, less secular phenomenon. These developments have exposed the teleological nature and other limitations of older disciplinary approaches, but new studies have neither wholly shed nor replaced older definitions of what constituted political arithmetic during the long eighteenth century. This article surveys the state of the field and argues that a comprehensive history of political arithmetic's multiple roles and meanings during the long eighteenth century must take a much wider range of contributors and publics into account.

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“…160 William Petty's political arithmetic, indeed, had been grounded in the belief that numerical knowledge did not have to be perfect to be valuable; the defense of "rough, relative proportions," rather than accurate numbers or demonstrative proofs, was a hallmark of Petty's project. 161 In the 1690s, though, the imprecise calculations Petty celebrated simply were not going to stand up under the assault of skilled opponents like Pollexfen, at least not without more robust justification.…”

Section: The Art Of Decyphring: Political Arithmetic and Probable Knomentioning

confidence: 99%

Finding the Money: Public Accounting, Political Arithmetic, and Probability in the 1690s

Deringer¹

2013

J. Br. Stud.

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Finding the money"-whether money lost, hidden, or needed-became a defining practical and epistemological problem in the decade after the 1688 Revolution. It was a problem that linked together actors in fiscal administration, parliamentary politics, and economic theory, and drove innovative new applications of numerical calculation to political reasoning. In the debates on monarchical revenues that arose in 1689, a crisis of knowledge engulfed Parliament as MPs discovered how few among them had any insight into the nation's fiscal well-being. A parliamentary Commission of Public Accounts, formed in 1690, learned that even a basic financial assessment was extraordinarily difficult. Yet the commission's travails also revealed numerical calculations to be a potent political tool, which empowered relative outsiders to make incisive criticisms without complete information. Such combative political computation was systematized in the "political arithmetick" of Charles Davenant, who provided a novel political rationale for the value of "probable" knowledge.

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William Petty

Cited by 214 publications

References 0 publications

The Nation’s Human Capital Is a Major Resource of the State’s Innovation Potential

The Nation’s Human Capital Is a Major Resource of the State’s Innovation Potential

Political Arithmetic's 18th Century Histories: Quantification in Politics, Religion, and the Public Sphere

Finding the Money: Public Accounting, Political Arithmetic, and Probability in the 1690s

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