Archibald Hutcheson's reputation as an economic thinker: his pamphlets, the National Debt, and the South Sea Bubble
Archibald Hutcheson's reputation as an economic thinker: his pamphlets, the National Debt, and the South Sea Bubble
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.
Archibald Hutcheson, South Sea Bubble, early economic thought
93-104
Paul, Helen Julia
d925e4be-28d4-42f5-824d-aec37750e062
1 May 2012
Paul, Helen Julia
d925e4be-28d4-42f5-824d-aec37750e062
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, .
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.
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Published date: 1 May 2012
Keywords:
Archibald Hutcheson, South Sea Bubble, early economic thought
Organisations:
Economics
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Local EPrints ID: 210972
URI: http://eprints.soton.ac.uk/id/eprint/210972
ISSN: 0896-226X
PURE UUID: f2d9828a-733a-4dd9-8c07-aecf654db151
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Date deposited: 10 May 2012 14:18
Last modified: 15 Mar 2024 03:27
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