William Petty

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William Petty
Born26 May 1623
Romsey, Hampshire, England
Died16 December 1687
London, England
NationalityEnglish
Field of studyPolitical economy


William Petty (26 May 1623 – 16 December 1687) was an English political economist and precursor of classical political economy. Active during the end of mercantilism, he defined the value of commodities based on the labour they contained.[1]

See also

References

  1. ↑ Political Economy: 'Economic Doctrines of the Capitalist Epoch; Bourgeois Classical Political Economy' (1954). [MIA]
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