Rae, J (1796-1872)
Birthplace Scotland.
Posts Held Schoolmaster in Canada, California and Hawaii.
Publications Books:1.Statement of Some New Principles on the Subject of Political Economy (1834, 1965).
Career Though working in near complete isolation, he succeeded in creating a theory of capital to which Böhm-Bawerk and others were indebted; in his lifetime some small recognition from J. S. Mill was almost the only notice he obtained. In addtion to his capital theory, he discussed the formation of saving, the importance of inventions, and the role of goverment in redirecting money from luxury expenditure into education, and other forms of public expnediture.
Secondary Literature R. W. James, John Rae, Political Economist, 2 vols (Univ. Toronto Press, 1965); J. J. Spengler, `Rae, John', International Encyclopedia of the Social Sciences , D. L. Sills (ed.) (Macmillan and Free Press, 1968), vol. 13.


Some New Principles of Political Economy (socsci.mcmaster.ca) Entered according to the act of Congress in the year 1834, by HILLIARD, GRAY, & Co. in the Clerk's Office of the District Court of the District of Massachusetts
Some New Principles of Political Economy (ecn.bris.ac.uk) Entered according to the act of Congress in the year 1834, by HILLIARD, GRAY, & Co. in the Clerk's Office of the District Court of the District of Massachusetts
Some New Principles of Political Economy (unimelb.edu.au) Entered according to the act of Congress in the year 1834, by HILLIARD, GRAY, & Co. in the Clerk's Office of the District Court of the District of Massachusetts


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