Lloyd, W. F (1795-1852)
Birthplace Bradenham, England.
Posts Held Student, Christ Church Coll., Oxford, 1812-37; Drummond Prof., Univ. Oxford, 1832-7.
Degree MA Univ. Oxford, 1818.
Offices Fellow, Royal Society.
Publications Books: 1. Prices of Corn in Oxford (1830); 2. Lectures on Population, Value, Poor Laws and Rent (1837).
Career During his tenure of the Drummond chair, he published some of his lectures (1837), as provided for under the terms attached to the appointment. The lectures generally have a policy orientation, except in the case of the one of 1833 on value. This more purely theoretical lecture contains a very clear description of the principle of diminishing marginal utility. Lloyd's work was largely forgotten until this early statement of the principle was rediscovered by Seligman in 1903.
Secondary Literature R. M. Romano, `William Forster Lloyd - a non-Ricardian?', History of Political Economy , 9 (3), Fall 1977.


A Lecture on the Notion of Value as Distinguished not only from Utility, but also from Value Exchange (1833) (socsci.mcmaster.ca)
A Lecture on the Notion of Value as Distinguished not only from Utility, but also from Value Exchange (1833) (ecn.bris.ac.uk)
A Lecture on the Notion of Value as Distinguished not only from Utility, but also from Value Exchange (1833) (unimelb.edu.au)


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