Abstract
Perhaps in no other stage in history has a rapidly changing pattern of economic life raised so many acutely disturbing economic problems as it did in England during the last decade of the eighteenth and the first few decades of the nineteenth century, even as there have been few periods in which the body of economic thought has been more enriched. The era that included the Napoleonic Wars (1793–1814) and the postwar period witnessed such historic events as the suspension of specie payments by the Bank of England, modification of the corn laws, industrial depression, widespread introduction of machine technology, and the Luddite riots. Little wonder that the brilliant minds of Malthus, Ricardo, James Mill, Bentham, and many others were stimulated by the troublesome issues of the day.
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