Francis Wayland (1796–1865) 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. Wayland’s 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.

Laurence M. Vance is the Director of the Francis Wayland Institute.
Law and LibertyProperty Rights, Land Use, and ZoningRegulation
Other Independent Review articles by Laurence M. Vance
Winter 2008/09 Gerrit Smith: A Radical Nineteenth-Century Libertarian