Longfield, Mountifort

Longfield, Mountifort

▪ Irish economist
born 1802, Desert Serges, or Desert Magee, County Cork, Ireland
died November 21, 1884, Dublin

      Irish judge, economist, and the first professor of political economy at Trinity College, Dublin.

      In his varied career, Longfield served as a property lawyer, a professor of law at Trinity College (1834), and a judge of the Irish landed estates court. He became a member of the Irish privy council in 1867 and was instrumental in drafting bills concerning Ireland that had been proposed by the administrations of William Gladstone (Gladstone, William Ewart).

      He rivaled British economist David Ricardo (Ricardo, David)'s influence, especially Ricardo's notion that value is determined by the labour required to provide a good or service. Longfield's work suggested that value was determined by supply and demand (based upon consumer satisfaction), while distribution would be determined by factor productivity.

      Longfield rejected the belief (postulated by Ricardo and Thomas Malthus (Malthus, Thomas Robert)) that wages would remain stuck at a subsistence level. He argued instead that the “wages of the labourer depend upon the value of his labour and not upon his wants.” Longfield was optimistic about future economic growth, and, contrary to Malthus, he believed that technical progress in agriculture would offset the effects of increased population. Such optimism turned out to be justified.

      Longfield's views on international trade were less fully developed, but it seems clear that he understood the importance of reciprocal demand (the demand of each country for the exports of the other) in determining both the terms of trade and the types of goods that are traded. He also wrote on monetary matters, endorsing an approach to monetary control that was less rigid than that of the currency school. Closer to home, Longfield studied the problems associated with Irish absentee landlords, and he favoured the introduction of a Poor Law in Ireland that would be based along the lines of the 1834 English Poor Law.

* * *


Universalium. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Longfield (Begriffsklärung) — Longfield bezeichnet: Longfield, Ort in Kent, England Longfield ist der Familienname folgender Personen: Bradley J. Longfield, US amerikanischer Kirchenhistoriker Mountifort Longfield (1802–1884), irischer Anwalt und Wirtschaftswissenschaftler Di …   Deutsch Wikipedia

  • Mountifort Longfield — Samuel Mountifort Longfield (* 1802; † 1884) war ein irischer Anwalt und Wirtschaftswissenschaftler. Er war der erste Inhaber des Lehrstuhls für politische Ökonomie am Trinity College Dublin. Seine Ausführungen in seinem Hauptwerk Lectures on… …   Deutsch Wikipedia

  • Samuel Mountiford Longfield — (1802 1884) was an Irish lawyer and economist, and the first holder of the Whately Chair in Political Economy at Trinity College, Dublin. A member of the Oxford Dublin school of proto Marginalists, Longfield promoted the idea of supply and demand …   Wikipedia

  • Cork City (UK Parliament constituency) — Cork City Former Borough constituency for the House of Commons 1801 (1801)–1922 (1922) …   Wikipedia

  • Лонгфилд, Самуэль Монтифор — Самуэль Монтифор Лонгфилд Samuel Mountifort Longfield Дата рождения: 1802 год(1802) Место рождения: графство Корк, Ирландия Дата смерти …   Википедия

  • Cork City (Parliament of Ireland constituency) — Cork City Former Borough constituency Created 1264 (1264) Post Union Cork City Type Irish House of Commons Cork City (also known as Cork Borough) was a constituency represented in the Irish House of Commons to 1800 …   Wikipedia

  • Earl of Bessborough — is a title in the Peerage of Ireland. It was created in 1739 for Brabazon Ponsonby, 2nd Viscount Duncannon, who had previously represented Newtownards and County Kildare in the Irish House of Commons. In 1749 he was given the additional title of… …   Wikipedia

  • Robert Dennis Collison Black — Robert Denis Collison Black (b.1922) is an Irish economist and historian of economic thought.R.D.C. Black was educated at Trinity College, Dublin, graduating with First Class Honours in Economics and Political Science in 1941. He gained a PhD in… …   Wikipedia

  • Members of the 1st UK Parliament from Ireland — 1st Parliament (1801) 2nd Parliament (1802) 3rd Parliament (1806) This is a list of the Irish MPs who were co opted from the former Parliament of Ireland, to serve as Members of the 1st UK Parliament from Ireland, or who were elected at… …   Wikipedia

  • Earl of Bessborough — Vere Brabazon Ponsonby, 9. Earl of Bessborough Earl of Bessborough ist ein britischer erblicher Adelstitel, der in der Peerage of Ireland verliehen wurde. Er wird von einem Zweig der Familie Ponsonby geführt. Stammsitz der Familie ist Stanstead… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”