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Political Economy Club : ウィキペディア英語版 | Political Economy Club The Political Economy Club was founded by James Mill〔http://cepa.newschool.edu/het/profiles/jamesmill.htm James Mill, 1773-1836〕 and a circle of friends in 1821 in London, for the purpose of coming to an agreement on the fundamental principles of political economy. David Ricardo, James Mill, Thomas Malthus (the only one holding an academic post at the time), and Robert Torrens were among the original luminaries.〔Elie Halévy, ''The Growth of Philosophic Radicalism,'' tr. Mary Morris. Boston, Beacon Press, 1955, p. 343.〕 In the early 19th century there were no academic societies or professional associations for economists. The Political Economy Club was a way to establish a scientific community, test ideas, and provide peer review for their work.〔http://press.princeton.edu/chapters/s7829.html D. P. O'Brien, ''The Classical Economists Revisited.'' Princeton University Press, 2004.〕 == Discussions ==
The participants soon found substantial difficulties in formulating and reaching agreement on their fundamental propositions. Ricardo felt that none of their views was safe from criticism. Reflecting on their theoretical discussions in 1823, Ricardo privately expressed his famous opinion about the "non-existence of any measure of absolute value."〔Ricardo to Malthus, August 15, 1823. Quoted by Halevy, ''Ibid.,'' p. 352.〕
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