caa a22 4500 397572980 CHVBK 20180308164846.0 cr unu---uuuuu 161202e199611 xx s 000 0 eng 10.1093/oxfordjournals.cje.a013644 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.cje.a013644 Waterman A. M. C. St John's College, Winnipeg R3T 2M5, Canada Why William Paley was ‘the first of the Cambridge economists' [Elektronische Daten] [A. M. C. Waterman] Keynes suggested that Paley was ‘the first of the Cambridge economists' because of chapter XI in Principles of Moral and Political Philosophy (1785), which contains an analysis of the general interdependence of ‘provisions' and ‘luxury' goods. After describing the intellectual content of Paley's political economy, the article presents a two-sector, macroeconomic model which captures the analytical content of chapter XI. The model is then used to explain why Paley's work was so important for Malthus and so interesting to Keynes; and why it should have been ignored by all writers in the ‘classical' tradition ever since. © 1996 Academic Press Limited Articles nationallicence Cambridge Journal of Economics Oxford University Press 20/6(1996-11), 673-686 0309-166X 20:6<673 1996 20 cameco https://doi.org/10.1093/oxfordjournals.cje.a013644 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.cje.a013644 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Waterman A. M. C. St John's College, Winnipeg R3T 2M5, Canada NATIONALLICENCE 773 0- Cambridge Journal of Economics Oxford University Press 20/6(1996-11), 673-686 0309-166X 20:6<673 1996 20 cameco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford