William Petty, English economist and philosopher (b. 1623)
Sir William Petty FRS (26 May 1623 – 16 December 1687) was an English economist, physician, scientist and philosopher. He first became prominent serving Oliver Cromwell and the Commonwealth in Ireland. He developed efficient methods to survey the land that was to be confiscated and given to Cromwell's soldiers. He also remained a significant figure under King Charles II and King James II, as did many others who had served Cromwell.
Petty was also a scientist, inventor, and merchant, a charter member of the Royal Society, and briefly a Member of the Parliament of England. It is for his theories on economics and his methods of political arithmetic that he is best remembered, however, and to him is attributed the philosophy of "laissez-faire" in relation to government activity. He was knighted in 1661. He was the great-grandfather of the 1st Marquess of Lansdowne (better known to history as the 2nd Earl of Shelburne), who served as Prime Minister of Great Britain, 1782–1783.
1687Dec, 16
William Petty
Choose Another Date
Events on 1687
- 5Jul
Philosophiæ Naturalis Principia Mathematica
Isaac Newton publishes Philosophiæ Naturalis Principia Mathematica. - 26Sep
Athens
The Parthenon in Athens is partially destroyed by an explosion caused by the bombing from Venetian forces led by Morosini who are besieging the Ottoman Turks stationed in Athens. - 31Dec
Cape of Good Hope
The first Huguenots set sail from France to the Cape of Good Hope.