A TERM PAPER WORK ON RICHARD JONES
MAT NO : SSC0905121|
OWOYOMI OLUWATOSIN ADEDAPO
Richard Jones (1790, Tunbridge Wells – 20 January 1855, Hertford Heath) was an English economist who criticised the theoretical views of David Ricardo and T. R. Malthus on economic rent and population. The son of a solicitor, Jones was intended for the legal profession, and was educated at Caius College, Cambridge. Owing to ill-health, he abandoned the idea of the law and took orders soon after leaving Cambridge. For several years he held curacies in Sussex and Kent. In 1833 Jones was appointed professor of political economy at King's College London, resigning this post in 1835 to succeed T. R. Malthus in the chair of political economy and history at the East India College at Haileybury. He took an active part in the Tithe Commutation Act 1836 and showed great ability as a tithe commissioner, an office which he filled till 1851. He was for some time, also, a charity commissioner. He died at Haileybury, shortly after he had resigned his professorship. In 1831 Jones published his Essay on the Distribution of Wealth and on the Sources of Taxation, his most important work. In it he showed himself a thorough-going critic of the Ricardian system. Along with Charles Babbage, Adolphe Quetelet, William Whewell and Thomas Malthus, Jones was instrumental in founding the Statistical Society of London (later "Royal Statistical Society") in 1834. This was an outgrowth of the Statistical Section of the British Association for the Advancement of Science. Jones's method is inductive; his conclusions are founded on a wide observation of contemporary facts, aided by the study of history. The world he professed to study was not an imaginary world, inhabited by abstract "economic men," but the real world with the different forms which the ownership and cultivation of land, and, in general, the conditions of production and...