The Market for Political Economy: The Advent of Economics in by Alon Kadish, Keith Tribe

By Alon Kadish, Keith Tribe

This booklet lines the advance of the instructing of political financial system within the moment half the 19th century.

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By 1872 Rogers was focusing the syllabus specifically on ‘The Distribution of Wealth’ and promising to show why distribution rather than production was ‘the first consideration of the economist’. The ninth lecture of the series, however, demonstrated ‘the fundamental fallacy’ of (apparently all) ‘schemes for the reconstruction of Society’, though Rogers did devote some time to ‘their apparent defence’. The problems of attendance and discipline appear to have receded in the 1870s. No less than nineteen students enrolled for the evening class in 1874–5; while in 1877 Rogers told the Principal that ‘the attendance in my lectures is from 12 to 20 persons.

Four applications were received, but none of the candidates was considered good enough, and economics teaching languished for another five years, until the foundation of the Tooke Professorship of Economic Science and Statistics in 1850. The chair carried a salary of £50 in addition to threequarters of all student fees, and required its incumbent to give not less than twenty lectures per year, at least half of which had to be held in the evenings. Guy) unanimously recommended the appointment of the Revd James E.

The chair carried a salary of £50 in addition to threequarters of all student fees, and required its incumbent to give not less than twenty lectures per year, at least half of which had to be held in the evenings. Guy) unanimously recommended the appointment of the Revd James E. Thorold Rogers, then a private coach at Oxford, subject to the approval of the College Principal, Dr Jelf. 33 No comprehensive record remains of student numbers on the various courses at King’s in the nineteenth century, but it is clear that Rogers had trouble in securing adequate attendance from the start.

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