William Petty
Pioneering economist and philosopher known for political arithmetic and early national accounting.
Chronology: 1623-05-26 – 1687-12-16
Origins & Early Life
Sir William Petty (26 May 1623 – 16 December 1687) was an English economist, physician, scientist and philosopher. He first became prominent serving Oliver Cromwell and the Commonwealth in Ireland. He developed efficient methods to survey the land that was to be confiscated and given to Cromwell's soldiers. He also remained a significant figure under King Charles II and King James II, as did many others who had served Cromwell.
Pivotal Works & Achievements
Petty was also a scientist, inventor, and merchant, a charter member of the Royal Society, and briefly a member of the Parliament of England. However, he is best remembered for his theories on economics and his methods of political arithmetic. He was knighted in 1661. Petty was born in Romsey, where his father and grandfather were clothiers. He was a precocious and intelligent youth and in 1637 became a cabin boy.
Enduring Legacy & Impact
His readiness to provide caricatures of fellow crew members won him few friends. He also learnt of his defective sight when he failed to spot a landmark he had been told to look for. The captain, who had by this time seen the landmark from the deck for himself "drubbed him with a cord". He was subsequently set ashore...
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- 1623 Historical Timeline & Archive — Explore world events and figures from 1623
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Source: Wikipedia