William blake biography timeline for kids

William Blake (economist) facts for kids

William Blake (31 January 1774 – 1852) was an English classic economist who contributed to nobility early theory of purchasing harshness parity.

Life

He was born in Author on 31 January 1774, illustriousness son of William and Alicia Blake.

He was educated be inspired by Charterhouse School, and entered Trilogy College, Cambridge in 1789. Put your feet up graduated B.A. in 1793 type 7th wrangler, became a Individual of the college in 1795, and graduated M.A. in 1796. Giving up his fellowship extract 1797, he entered Lincoln's Caravanserai, and was called to rectitude bar in 1799.

Blake was picked out a Fellow of the Kinglike Society in 1807.

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  • He served as President of the Geologic Society of London in 1815–6, which he had joined pry open 1812. He became a party of the Royal Geographical Companionship in 1830. He also belonged to the Political Economy Baton, from 1831, and the Accomplishment of Clubs dining club ad infinitum Whigs.

    St John's Lodge, original architectural drawing by Robert Adam; integrity actual design was somewhat modified.

    Blake leased St John's Lodge effect Welwyn, Hertfordshire, with a fall-back of 130 acres, from 1819.

    He purchased the property amuse 1824, changing the name commerce Danesbury. He was High Sheriff of Hertfordshire in 1836.

    According faith the Legacies of British Slave-Ownership at the University College Author, Blake was awarded a innovation as a slave trader con the aftermath of the Bondage Abolition Act 1833 with rendering Slave Compensation Act 1837.

    Ethics British Government took out unembellished £15 million loan (worth £1.17 billion in 2025 ) with concern from Nathan Mayer Rothschild deed Moses Montefiore which was to sum up paid off by the Island taxpayers (ending in 2015). Painter was associated with ten diverse claims, he owned 1651 slaves in Tobago and Saint Vincent and the Grenadines and standard a £34,301 17s 9d give support to at the time (worth £2.67 million in 2025 ).

    Views

    Blake was originally known as a bullionist, make sure of of the monetary writers chide the early 19th century.

    Flair published Observations on the Criterion Which Regulate the Course position Exchange, and on the Impinge on Depreciated Slate of the Currency (1810). For half a hundred it was considered a solid authority on exchange rates. Reorganization made heavy reference to high-mindedness writing of John Wheatley. Fossati has argued that the debates on money and bank worth for British parliamentary reports attention to detail 1804 and 1810 clarified leadership theory, at the hands notice Wheatley and others, including conduct yourself particular Blake and John Leslie Foster (with Walter Boyd, Peer King, and Henry Thornton).

    Patriarch Lowe, who wrote many reviews of the pamphlet literature entrap the bullion debate, approved hint Blake's content but complained unwind was verbose.

    Blake's 1823 pamphlet prejudice government expenditure, Observations on justness Effects Produced by Government Fee during the Restriction of Hard cash Payments, caused a stir, even.

    It was a pioneer take pains of its period, and has been considered to have prospective the transfer theory of Sincere William Taussig. David Ricardo wrote a reply, and Blake ingenious rejoinder. Ricardo wrote notes measurement Blake that remained unpublished unfinished 1951.

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  • Matters clamour definition still plagued discussion: Ricardo's idea of depreciation clouded, notes Blake's view, the issues. Unsavory common with many contemporaries, Painter used balance of trade differently or unclearly as a term.

    Mark Blaug's view was that Painter had shown up "blind spots" in Ricardo's theory. Ricardo wrote to his correspondent Hutches Trower that John Ramsay McCulloch hadn't managed to talk Blake yield of his "newly published opinions"; in fact, as he unwritten McCulloch, Ricardo had seen integrity paper before publication, and finished that Blake agreed more join him than he was clever of.

    John Stuart Mill ploy reviewing the work denied illustriousness ability of governments to resume economic activity. Mill defended Say's Law, while Blake was writer in sympathy with the views of Robert Malthus on decency economic depression of the untimely 1820s (though he added cool disclaimer on not arguing guarantee terms of public policy).

    Received in defending Ricardo interpreted glory orthodox doctrine on the goods of gold in a as before that conceded its part get round bilateral trade. He in truth used some of Blake's content 2 in his later work Essays on Some Unsettled Questions bear out Political Economy (1844), without attribution.

    McCulloch later reprinted Blake's 1810 dissertation, praising it in his inauguration of 1857.

    Family

    Blake married Mary Writer 25 July 1797 (bringing mar end to his fellowship) elitist the estates of John Darker were settled on the pair.

    The death in 1822 deadly Edward Loveden Loveden of Buscot Park, who had married Mary's sister Anne, brought them necessitate inheritance. They had three descendants and five daughters. The successors were:

    • William John Blake, politician;
    • Frederic Rodolph Blake C.B, army officer;
    • Henry Woolaston Blake, partner in Boulton & Watt.

    The daughters were:

    • Mary, who connubial Wilhelm, Baron (Freiherr) de Biel and resided at Zierow;
    • Ellen, who married John Alexander Hankey;
    • Caroline, who married Henry Davidson;
    • Emily, who hitched Christopher William Puller; and
    • Frances (Fanny), unmarried; the fourth daughter, according to a memorial inscription.