Why did Economics, in its formative phase, have so much input from medically educated writers? The innovations that physicians brought to their economic discourse played a key role in shaping the future of the discipline, and this volume draws together the work of leading international academics to address this fascinating topic.
This book examines the life and work of six doctor-economists: Petty, Locke, Barbon, Mandeville, Quesnay and Juglar. The central chapters each examine an individual writer, discussing the available details of medical education and practice, economic contributions and possible links between the two. Peter Groenwegen himself provides a contextual introduction and concluding overview, drawing together the disparate findings to suggest which medical topics were the most inspirational for subsequent economies.
This groundbreaking study will prove essential reading for historians of economic thought, and will also interest medical historians, general historians and philosophers.
1. Introduction 2. Political Economy, Political Arithmetic and Political Medicine in the Thought of Sir William Petty 3. The Significance of John Locke's Medical Studies for the History of Economics 4. The Infinity of Human Desires and the Advantages of Trade: Nicholas Barbon and the Wants of the Mind 5. Exposure to Strangers and Superfluities: Mandeville's Regimen for Great Wealth and Foreign Treasure 6. From Prominent Physician to Major Economist: Some Reflections on Quesnay's Switch to Economics in the 1750s 7. From Physician to Analyst of Business Cycles: Joseph Clement Juglar (1819-1905) 8. Epilogue: Two Centuries of Physician-Economists