To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
.
Leo
Newton
Brights
Milds

John Rae (economist)

From Wikipedia, the free encyclopedia

John Rae (1 June 1796, Footdee, Aberdeen – 12 July 1872, Staten Island, NY), was a Scottish/Canadian economist.

Life

Rae was one of six children to merchant shipbuilder John Rae and Margaret Cuthbert. He graduating from Marischal College (University of Aberdeen) in 1815 with the degree of Master of Arts, followed by two years of medicine at the University of Edinburgh.

Changes in family circumstances with his father's bankruptcy in 1820 led to Rae's move to Canada in 1822.[1] He was located in Williamstown (Glengarry County), and later, Hamiliton in Ontario, Canada, where his wife died of cholera. He was well acquainted with the Scottish/Canadian community and was affiliated with the Presbyterian Church of Scotland. In Canada, he worked as a timber trader, schoolteacher, and a doctor.

In 1834, he moved to Boston, and then New York, where he also worked as a teacher. He went on to Central America where he was a physician. He moved with gold-miners to California in 1849, and a couple of years later, poor and sick with malaria, he found enough money to board a ship to the Kingdom of Hawaiʻi, where he worked in many different professions. He was a medical officer for the Hawaiian Board of Health and vaccinated a number of native children with the smallpox vaccine. He was a geologist and wrote papers on the geology of the islands. He was also a historian in Hāna, Maui, writing articles for the newspaper Polynesian. He also wrote a number of manuscripts, but these were lost in a fire at Lahainaluna Seminary. His most famous work was the Statement of Some New Principles on the Subject of Political Economy.

His sister Ann was a schoolteacher who developed a series of textbooks which were among the earliest to incorporate Canadian content.[2]

Work

Rae's most famous work was the Statement of Some New Principles on the Subject of Political Economy,[3] republished in 1905 as The Sociological Theory of Capital.[4] Influenced by both Adam Smith and David Hume, his influence lingered all the way to the 20th century; so much so that economists Irving Fisher and Austrian economist Eugen Böhm von Bawerk prefaced their work with Rae's, thanking him for contributions to modern economics even when very few had heard of his work.

Influence

The Canadian Economics Association awards the John Rae prize every two years since 1994 to the Canadian economist with "the best research record for the past five years." The prize has been named after John Rae (1796-1872) who did most of his work in Canada and was "a genuine precursor of endogenous growth theory."[5]

References

  1. ^ James, R. Warren. "Rae, John". Dictionary of Canadian Biography. Retrieved 5 February 2018.
  2. ^ Trofimenkoff, Susan Mann (1985). "Rae, Ann Cuthbert". In Halpenny, Francess G (ed.). Dictionary of Canadian Biography. VIII (1851–1860) (online ed.). University of Toronto Press.
  3. ^ Prestergard, Renee (2010). "Accumulation of Knowledge and Accumulation of Capital in Early 'Theories' of Growth and Development". Cambridge Journal of Economics. 34 (3): 426–428. JSTOR 24231928.
  4. ^ "The sociological theory of capital". Retrieved 5 February 2018.
  5. ^ "John Rae Prize". Canadian Economics Association. Retrieved 5 February 2018.

Sources

  • Goodwin, Craufurd D.W. (1961) - Canadian Economic Thought: The Political Economy of a Developing Nation 1814-1914, Duke University Press
  • James, R. Warren (1965) - John Rae, political economist. An account of his life and a compilation of his main writings (2 vols.), Toronto.
  • Schumpeter, Joseph Aloys (1954) - History of Economic Analysis, New York

External links

This page was last edited on 16 November 2020, at 07:26
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.