Archibald Hutcheson's reputation as an economic thinker: his pamphlets, the National Debt, and the South Sea Bubble


Paul, Helen Julia (2012) Archibald Hutcheson's reputation as an economic thinker: his pamphlets, the National Debt, and the South Sea Bubble. Essays in Economic and Business History, 30, 93-104.

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Description/Abstract

Archibald Hutcheson M.P. (c. 1659-1740) was a British politician who opposed the South Sea Company's scheme to offer holders of British government debt its own shares in exchange for their claims on the state. Hucheson proposed an alternative scheme to pay off the entire debt by increasing taxes on land. Despite Hutcheson's opposition to the South Sea conversion scheme, it went ahead, to be followed by the South Sea Bubble and then the bursting of the bubble in 1720. This article argues that Hutcheson's posthumous reputation as an economic savant is undeserved.

Item Type: Article
ISSNs: 0896-226X (print)
Related URLs:
Keywords: Archibald Hutcheson, South Sea Bubble, early economic thought
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Social and Human Sciences > Social Sciences > Economics
ePrint ID: 210972
Date Deposited: 10 May 2012 14:18
Last Modified: 13 Apr 2015 09:33
URI: http://eprints.soton.ac.uk/id/eprint/210972

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