Hunting a precursor: The limits of Mountifort Longfield on utility and value
Mountifort Longfield's Lectures on Political Economy has generally been characterised as a highly original precursor of the late-nineteenth-century marginalist economic framework. Focussing on Longfield's discussion of value and utility, this paper shows that he was actually using a variant of the Classical framework that was quite different from that of marginalism. Far from exhibiting any substantive originality, the analysis owed a good deal to texts such as J. R. McCulloch's Principles of Political Economy. In explaining why the marginalist precursor characterisation is incompatible with the terms of Longfield's analysis, the paper also considers some difficulties that follow using the category of a precursor in constructing histories of economics.
In order to set up a list of libraries that you have access to,
you must first login
or sign up.
Then set up a personal list of libraries from your profile page by
clicking on your user name at the top right of any screen.