Quotes by Nassau William Senior
1790 – 1864
Nassau W. Senior (1790-1864) was a British economist who taught at Oxford University and worked on the marginal aspects of inputs to production. He argued that capital accumulation is a cost of production, and drew careful distinctions between wealth and welfare. His contributions to the Whig party as an advisor included arguments about work hours and wages. Along with Edwin Chadwick, he wrote the revised Poor Law Commissioners’ Report of 1834.
Socialism & Interventionism
Nassau Senior objected to any government regulation of factories which meant that a horde of inspectors would interfere with the organization of production (1837)
The State
Nassau Senior argues that government is based upon extortion (1854)
Money & Banking
Nassau Senior on how the universal acceptance of gold and silver currency creates a world economy (1830)