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176 gives the credit of the identification to the physiocrats. ORIGINS OF ECONOMIC THEORY [CH. " "Annual produce," " real revenue," or "income," appear as the end of economic endeavour and the principal subject-matter of general economic theory. CHAPTER II THE NAME OF ECONOMIC THEORY §I.

239· CAMERALISM AND POLITICAL ARITHMETIC IS he went to sea as an apprentice at the age of fifteen, but after ten months he luckily broke his leg and was therefore put ashore in Normandy, where his scholarly attainments and commercial ability led to his receiving further education from the Jesuit fathers at Caen. After a short service in the navy he went back to the Continent and studied in the Netherlands and France. In 1646 he returned to Romsey and carried on his father's business, but at the same time busied himself with mechanical inventions, one of which was a letter-duplicator.

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A review of economic theory by Edwin Cannan


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