Francis Wayland (17961865) may have preferred to be remembered as a preacher, educator, or philanthropist, but his book The Elements of Political Economy (1837) shows that he should be remembered as an economist. Waylands emphasis on property, capital, and entrepreneurship and his commitment to private action instead of government action make his long-forgotten book worthy of enduring respect.
Francis Wayland
Preacher-Economist
By Laurence M. Vance
This
article
appeared in
the Winter 2005/06 issue of The Independent Review.
Other Independent Review articles by Laurence M. Vance | |
Winter 2008/09 | Gerrit Smith:A Radical Nineteenth-Century Libertarian |