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THIRSTING FOR THE FRAY: THE CAMBRIDGE DUNNING OF MR. MACLEOD

Published online by Cambridge University Press:  27 August 2010

Abstract

In 1883 Henry Sidgwick complained that, with the recent undermining of the authority of political economy, “utterances of dissent from economic orthodoxy” could obtain a ready hearing. This was of particular concern to those writing and teaching on political economy at Cambridge University. As Henry Dunning Macleod was one of the dissenters named by Sidgwick, it appears odd that Macleod was also recognized as a lecturer in political economy at Cambridge between the late 1870s and mid-1880s. This article examines that peculiar occurrence, showing how Macleod exploited the struggle between reformers and conservatives over teaching reform in the university.

Type
Research Articles
Copyright
Copyright © The History of Economics Society 2010

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References

REFERENCES

Edward Atkinson correspondence, University of Cambridge Library.

Editor's marked copy of The Athenaeum, City University London Library.

Board of Moral Science Studies, Minutes, Archives, Min.V.10, University of Cambridge.

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Herbert Somerton Foxwell Papers, Richard D. Freeman Collection [Freeman 2006b].

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John Neville Keynes papers, Marshall Library of Economics, University of Cambridge.

John Neville Keynes Diaries, University of Cambridge Library, Add.7831.

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Cairnes, J. E. 1857. The Character and Logical Method of Political Economy. London: Macmillan.Google Scholar
Cairnes, J. E. 1858. “Capital and Currency.” North British Review 28 (February): 191230.Google Scholar
Cannan, Edwin. 1896. Untitled review of Henry Dunning Macleod, The History of Economics (1896). Economic Journal 6 (24): 606607.CrossRefGoogle Scholar
Chevalier, Michel. 1842–50. Cours d’Economie Politique, Fait au Colleége de France. 3 Volumes. Paris: Capelle.Google Scholar
Cook, Simon. Forthcoming. A Rounded Globe of Knowledge: The Intellectual Foundations of Alfred Marshall’s Economic Science. Cambridge: Cambridge University Press.Google Scholar
Deane, Phyllis. 2001. The Life and Times of J. Neville Keynes. Cheltenham: Edward Elgar.Google Scholar
[De Morgan, Augustus]. 1862. “Science.” Athenaeum 35 (1829): 632.Google Scholar
Doyle, Barry M. 1994. “Who Paid the Price of Patriotism? The Funding of Charles Stanton during the Methyr Boroughs By-Election of 1915.” English Historical Review 109 (434): 12151222.CrossRefGoogle Scholar
Fawcett, Henry. 1863. Manual of Political Economy. London: Macmillan.Google Scholar
[Fawcett, Millicent Garrett]. 1871. Review of W. Stanley Jevons, Theory of Political Economy (1871) and John Macdonnell, A Survey of Political Economy. The Athenaeum (2297): 589–590.Google Scholar
[Fawcett, Millicent Garrett]. 1879. Notice of Alfred and Mary Paley Marshall, Economics of Industry. The Athenaeum (2715): 595.Google Scholar
Freeman, R. D. 2006a. “Herbert Somerton Foxwell.” In Raffaelli, Tiziano, Becattini, Giacomo, and Dardi, Marco, eds., The Elgar Companion to Alfred Marshall. Cheltenham: Edward Elgar, pp. 583585.CrossRefGoogle Scholar
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Grattan-Guinness, I. 2002. “In Some Parts Rather Rough: A Recently Discovered Manuscript Version of Stanley Jevons’s `General Mathematical Theory of Political Economy.’History of Political Economy 34 (Winter): 685726.CrossRefGoogle Scholar
Grattan-Guinness, I. 2007. “On Jevons’s Handling of Differential Equations in the Context of his Principle of Exchange, and the Early Reactions.” History of Political Economy 41 (Summer): 297309.CrossRefGoogle Scholar
Green, Edward. 1979. Debtors to their Profession. A History of the Institute of Bankers 1879–1979. London: Methuen.Google Scholar
Groenewegen, Peter. 1995. A Soaring Eagle. Alfred Marshall 1842–1924. Aldershot: Edward Elgar.Google Scholar
Henderson, James P. 1994. “The Place of Economics in the Hierarchy of the Sciences: Section F from Whewell to Edgeworth.” In Mirowski, Philip, ed., Natural Images in Economic Thought. New York: Cambridge University Press, pp. 484535.Google Scholar
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Jaffe, William. 1965. Correspondence of Leon Walras and Related Papers. Volume 2. Amsterdam: North Holland.Google Scholar
Jevons, W. Stanley. 1871. The Theory of Political Economy. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1875. Money and the Mechanism of Exchange. London: King.Google Scholar
Jevons, W. Stanley. 1876. Logic. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1879. The Theory of Political Economy. Second edition. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1882. The State in Relation to Labour. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1884. Investigations in Currency and Finance. Ed. Foxwell, H. S.. London: Macmillan.Google Scholar
Kadish, Alon. 1993. “Marshall and the Cambridge Economics Tripos.” In Kadish, Alon and Tribe, Keith, eds., The Market for Political Economy. The Advent of Economics in British University Culture, 1850 –1905. London: Routledge, pp. 137161.Google Scholar
Keynes, John Neville. 1911. “William Stanley Jevons (1835–1882).” Encyclopaedia Britannica. Eleventh edition. Cambridge. University Press. 15: 361362.Google Scholar
Maas, Harro. 2005. William Stanley Jevons and the Making of Modern Economics. New York: Cambridge University Press.Google Scholar
Macleod, Henry Dunning. 1862. On the Definition and Nature of the Science of Political Economy: A Paper Read at the Meeting of the British Association, Held at Cambridge, 1862. Cambridge: Macmillan.Google Scholar
Macleod, Henry Dunning. 1872. The Principles of Economical Philosophy. Second edition. Volume 1. London: Longmans, Green, Reader and Dyer.Google Scholar
Macleod, Henry Dunning. 1875. The Principles of Economical Philosophy. Second edition. Volume 2, part I. London: Longmans, Green, Reader and Dyer.Google Scholar
Macleod, Henry Dunning. 1884. An Address to the Board of Electors to the Professorship of Political Economy in the University of Cambridge. London: Blundell.Google Scholar
Macleod, Henry Dunning. 1892. An Address to the Civil Service Commissioners, on the Teaching of Economics in the Public Service. London: np.Google Scholar
Marshall, Alfred. 1961. The Principles of Economics. Nineth variorum edition. Volume 1. Ed. Guillebaud., C. W.London: Macmillan.Google Scholar
Marshall, Alfred and Marshall, Mary Paley. 1879. The Economics of Industry. London: Macmillan.Google Scholar
Maxwell, James Clerk. [1877] 1952. Matter and Motion. New York: Dover.Google Scholar
Moore, Gregory. 2000. “Nicholson Versus Ingram on the History of Political Economy and a Charge of Plagiarism.” Journal of the History of Economic Thought 22 (December): 433460.Google Scholar
Palfrey, David Spike. 2002. “The Moral Sciences Tripos at Cambridge University, 1848–1860.” Dissertation submitted for the degree of Doctor of Philosophy. Cambridge University.Google Scholar
Pigou, A. C. 1925. Memorials of Alfred Marshall. London: Macmillan.Google Scholar
Price, L. L. 1892. “Notes on a Recent Economic Treatise.” Economic Journal 2 (5): 1734.Google Scholar
Rashid, Salim. 1980. “The Growth of Economic Studies at Cambridge, 1776–1860.” History of Education Quarterly 20 (3): 281294.CrossRefGoogle Scholar
Sidgwick, Henry. 1883. The Principles of Political Economy. London: Macmillan.Google Scholar
Sidgwick, Henry. 1885. “Economic Science and Statistics. The Address of the President of Section F of the British Association, at the Fifty-Fifth Meeting, held at Aberdeen, in September 1885.” Journal of the Statistical Society of London 48 (December): 595616.Google Scholar
Skaggs, Neil T. 1997. “Henry Dunning Macleod and the Credit Theory of Money.” In Cohen, Avi J., Hagemann, Harold, and Smithin, John, eds., Money, Financial Institutions and Macroeconomics. Boston: Kluwer, pp. 109124.CrossRefGoogle Scholar
Skaggs, Neil T. 2003. “H.D. Macleod and the Origins of the Theory of Finance in Economic Development.” History of Political Economy 35 (Fall): 361384.Google Scholar
[Stephen, Leslie]. 1863. “Mr. Chevalier and Mr. Macleod on Political Economy.” London Review of Politics, Society, Literature, Art, and Science 6 (144): 365366.Google Scholar
Taylor, James. 2005. “Commercial Fraud and Public Men in Victorian Britain.” Historical Research 78 (200): 230252.CrossRefGoogle Scholar
Warwick, Andrew. 2003. Masters of Theory. Cambridge and the Rise of Mathematical Physics. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Whitaker, John K. 1975. The Early Economic Writings of Alfred Marshall, 186–1890. 2 volumes. Basingstoke: Macmillan.Google Scholar
Whitaker, John K. 1995. “Marshall’s Third Review.” Marshall Studies Bulletin 4: 38.Google Scholar
Whitaker, John K. 1996. The Correspondence of Alfred Marshall, Economist. 3 volumes. Cambridge: Cambridge University Press.Google Scholar
Whitaker, John K. 2006. “William Stanley Jevons.” In Raffaelli, Tiziano, Becattini, Giacomo, and Dardi, Marco, eds., The Elgar Companion to Alfred Marshall. Cheltenham: Edward Elgar, pp. 573577.Google Scholar
White, Michael V. 1990. “Invention in the Face of Necessity: Marshallian Rhetoric and the Giffen Good(s).” Economic Record 66 (192): 111.Google Scholar
White, Michael V. 1996. “No Matter of Regret: The Cambridge Critique of Jevons’ Hedonics.” In Groenewegen, Peter, ed., Economics and Ethics? London: Routledge, pp. 103120.Google Scholar
White, Michael V. 2003. “Some Difficulties with Sunspots and Mr. Macleod: Adding to the Bibliography of W.S. Jevons.” History of Economics Review (38): 3352.CrossRefGoogle Scholar
White, Michael V. 2004. “Sympathy for the Devil: H.D. Macleod and W.S. Jevons’ Theory of Political Economy.” Journal of the History of Economic Thought 26 (September): 311329.Google Scholar
Winstanley, D. A. 1947. Later Victorian Cambridge. Cambridge: Cambridge University Press.Google Scholar
Aslanbeigui, Nahid. 1992. “Foxwell’s Aims and Pigou’s Military Service: A Malicious Episode?Journal of the History of Economic Thought 14 (March): 96109.Google Scholar
Becattini, Giacomo and Dardi, Marco. 2006. “The Economics of Industry.” In Raffaelli, Tiziano, Becattini, Giacomo, and Dardi, Marco, eds., The Elgar Companion to Alfred Marshall. Cheltenham: Edward Elgar, pp. 5058.CrossRefGoogle Scholar
Black, R. D. Collison and Konekamp, Rosamond. 1972. Papers and Correspondence of William Stanley Jevons. Volume 1. London: Macmillan.Google Scholar
Black, R. D. Collison. 1973–81. Papers and Correspondence of William Stanley Jevons. Volumes 2–7. London: Macmillan.CrossRefGoogle Scholar
Cairnes, J. E. 1857. The Character and Logical Method of Political Economy. London: Macmillan.Google Scholar
Cairnes, J. E. 1858. “Capital and Currency.” North British Review 28 (February): 191230.Google Scholar
Cannan, Edwin. 1896. Untitled review of Henry Dunning Macleod, The History of Economics (1896). Economic Journal 6 (24): 606607.CrossRefGoogle Scholar
Chevalier, Michel. 1842–50. Cours d’Economie Politique, Fait au Colleége de France. 3 Volumes. Paris: Capelle.Google Scholar
Cook, Simon. Forthcoming. A Rounded Globe of Knowledge: The Intellectual Foundations of Alfred Marshall’s Economic Science. Cambridge: Cambridge University Press.Google Scholar
Deane, Phyllis. 2001. The Life and Times of J. Neville Keynes. Cheltenham: Edward Elgar.Google Scholar
[De Morgan, Augustus]. 1862. “Science.” Athenaeum 35 (1829): 632.Google Scholar
Doyle, Barry M. 1994. “Who Paid the Price of Patriotism? The Funding of Charles Stanton during the Methyr Boroughs By-Election of 1915.” English Historical Review 109 (434): 12151222.CrossRefGoogle Scholar
Fawcett, Henry. 1863. Manual of Political Economy. London: Macmillan.Google Scholar
[Fawcett, Millicent Garrett]. 1871. Review of W. Stanley Jevons, Theory of Political Economy (1871) and John Macdonnell, A Survey of Political Economy. The Athenaeum (2297): 589–590.Google Scholar
[Fawcett, Millicent Garrett]. 1879. Notice of Alfred and Mary Paley Marshall, Economics of Industry. The Athenaeum (2715): 595.Google Scholar
Freeman, R. D. 2006a. “Herbert Somerton Foxwell.” In Raffaelli, Tiziano, Becattini, Giacomo, and Dardi, Marco, eds., The Elgar Companion to Alfred Marshall. Cheltenham: Edward Elgar, pp. 583585.CrossRefGoogle Scholar
Freeman, R. D. 2006b. “The R.D. Freeman Collection of Foxwell’s Papers—Its Rescue.” Journal of the History of Economic Thought 28 (December): 489495.Google Scholar
Fryer, S. E. and Maloney, John. 2004. “Macleod, Henry Dunning (1821–1902).” In Oxford Dictionary of National Biography, Oxford University Press [http://www.oxforddnb.com/view/article/34787, accessed 10 August 2007].Google Scholar
Grattan-Guinness, I. 2002. “In Some Parts Rather Rough: A Recently Discovered Manuscript Version of Stanley Jevons’s `General Mathematical Theory of Political Economy.’History of Political Economy 34 (Winter): 685726.CrossRefGoogle Scholar
Grattan-Guinness, I. 2007. “On Jevons’s Handling of Differential Equations in the Context of his Principle of Exchange, and the Early Reactions.” History of Political Economy 41 (Summer): 297309.CrossRefGoogle Scholar
Green, Edward. 1979. Debtors to their Profession. A History of the Institute of Bankers 1879–1979. London: Methuen.Google Scholar
Groenewegen, Peter. 1995. A Soaring Eagle. Alfred Marshall 1842–1924. Aldershot: Edward Elgar.Google Scholar
Henderson, James P. 1994. “The Place of Economics in the Hierarchy of the Sciences: Section F from Whewell to Edgeworth.” In Mirowski, Philip, ed., Natural Images in Economic Thought. New York: Cambridge University Press, pp. 484535.Google Scholar
Ingram, J. E. K. 1878. “Address of the President of Section F of the British Association, at the Forty-Eighth Meeting, held at Dublin, in August, 1878.” Journal of the Statistical Society of London 41 (December): 602629.Google Scholar
Institute of Bankers. 1879. “Syllabus. Session 1879–80.” Journal of the Institute of Bankers 1 (November): 158163.Google Scholar
Jaffe, William. 1965. Correspondence of Leon Walras and Related Papers. Volume 2. Amsterdam: North Holland.Google Scholar
Jevons, W. Stanley. 1871. The Theory of Political Economy. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1875. Money and the Mechanism of Exchange. London: King.Google Scholar
Jevons, W. Stanley. 1876. Logic. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1879. The Theory of Political Economy. Second edition. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1882. The State in Relation to Labour. London: Macmillan.Google Scholar
Jevons, W. Stanley. 1884. Investigations in Currency and Finance. Ed. Foxwell, H. S.. London: Macmillan.Google Scholar
Kadish, Alon. 1993. “Marshall and the Cambridge Economics Tripos.” In Kadish, Alon and Tribe, Keith, eds., The Market for Political Economy. The Advent of Economics in British University Culture, 1850 –1905. London: Routledge, pp. 137161.Google Scholar
Keynes, John Neville. 1911. “William Stanley Jevons (1835–1882).” Encyclopaedia Britannica. Eleventh edition. Cambridge. University Press. 15: 361362.Google Scholar
Maas, Harro. 2005. William Stanley Jevons and the Making of Modern Economics. New York: Cambridge University Press.Google Scholar
Macleod, Henry Dunning. 1862. On the Definition and Nature of the Science of Political Economy: A Paper Read at the Meeting of the British Association, Held at Cambridge, 1862. Cambridge: Macmillan.Google Scholar
Macleod, Henry Dunning. 1872. The Principles of Economical Philosophy. Second edition. Volume 1. London: Longmans, Green, Reader and Dyer.Google Scholar
Macleod, Henry Dunning. 1875. The Principles of Economical Philosophy. Second edition. Volume 2, part I. London: Longmans, Green, Reader and Dyer.Google Scholar
Macleod, Henry Dunning. 1884. An Address to the Board of Electors to the Professorship of Political Economy in the University of Cambridge. London: Blundell.Google Scholar
Macleod, Henry Dunning. 1892. An Address to the Civil Service Commissioners, on the Teaching of Economics in the Public Service. London: np.Google Scholar
Marshall, Alfred. 1961. The Principles of Economics. Nineth variorum edition. Volume 1. Ed. Guillebaud., C. W.London: Macmillan.Google Scholar
Marshall, Alfred and Marshall, Mary Paley. 1879. The Economics of Industry. London: Macmillan.Google Scholar
Maxwell, James Clerk. [1877] 1952. Matter and Motion. New York: Dover.Google Scholar
Moore, Gregory. 2000. “Nicholson Versus Ingram on the History of Political Economy and a Charge of Plagiarism.” Journal of the History of Economic Thought 22 (December): 433460.Google Scholar
Palfrey, David Spike. 2002. “The Moral Sciences Tripos at Cambridge University, 1848–1860.” Dissertation submitted for the degree of Doctor of Philosophy. Cambridge University.Google Scholar
Pigou, A. C. 1925. Memorials of Alfred Marshall. London: Macmillan.Google Scholar
Price, L. L. 1892. “Notes on a Recent Economic Treatise.” Economic Journal 2 (5): 1734.Google Scholar
Rashid, Salim. 1980. “The Growth of Economic Studies at Cambridge, 1776–1860.” History of Education Quarterly 20 (3): 281294.CrossRefGoogle Scholar
Sidgwick, Henry. 1883. The Principles of Political Economy. London: Macmillan.Google Scholar
Sidgwick, Henry. 1885. “Economic Science and Statistics. The Address of the President of Section F of the British Association, at the Fifty-Fifth Meeting, held at Aberdeen, in September 1885.” Journal of the Statistical Society of London 48 (December): 595616.Google Scholar
Skaggs, Neil T. 1997. “Henry Dunning Macleod and the Credit Theory of Money.” In Cohen, Avi J., Hagemann, Harold, and Smithin, John, eds., Money, Financial Institutions and Macroeconomics. Boston: Kluwer, pp. 109124.CrossRefGoogle Scholar
Skaggs, Neil T. 2003. “H.D. Macleod and the Origins of the Theory of Finance in Economic Development.” History of Political Economy 35 (Fall): 361384.Google Scholar
[Stephen, Leslie]. 1863. “Mr. Chevalier and Mr. Macleod on Political Economy.” London Review of Politics, Society, Literature, Art, and Science 6 (144): 365366.Google Scholar
Taylor, James. 2005. “Commercial Fraud and Public Men in Victorian Britain.” Historical Research 78 (200): 230252.CrossRefGoogle Scholar
Warwick, Andrew. 2003. Masters of Theory. Cambridge and the Rise of Mathematical Physics. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Whitaker, John K. 1975. The Early Economic Writings of Alfred Marshall, 186–1890. 2 volumes. Basingstoke: Macmillan.Google Scholar
Whitaker, John K. 1995. “Marshall’s Third Review.” Marshall Studies Bulletin 4: 38.Google Scholar
Whitaker, John K. 1996. The Correspondence of Alfred Marshall, Economist. 3 volumes. Cambridge: Cambridge University Press.Google Scholar
Whitaker, John K. 2006. “William Stanley Jevons.” In Raffaelli, Tiziano, Becattini, Giacomo, and Dardi, Marco, eds., The Elgar Companion to Alfred Marshall. Cheltenham: Edward Elgar, pp. 573577.Google Scholar
White, Michael V. 1990. “Invention in the Face of Necessity: Marshallian Rhetoric and the Giffen Good(s).” Economic Record 66 (192): 111.Google Scholar
White, Michael V. 1996. “No Matter of Regret: The Cambridge Critique of Jevons’ Hedonics.” In Groenewegen, Peter, ed., Economics and Ethics? London: Routledge, pp. 103120.Google Scholar
White, Michael V. 2003. “Some Difficulties with Sunspots and Mr. Macleod: Adding to the Bibliography of W.S. Jevons.” History of Economics Review (38): 3352.CrossRefGoogle Scholar
White, Michael V. 2004. “Sympathy for the Devil: H.D. Macleod and W.S. Jevons’ Theory of Political Economy.” Journal of the History of Economic Thought 26 (September): 311329.Google Scholar
Winstanley, D. A. 1947. Later Victorian Cambridge. Cambridge: Cambridge University Press.Google Scholar