Life and Influences
Petty was a founder member of The Royal Society. He was born and buried in Romsey and was a contemporary and friend of Samuel Pepys.
Petty is best known for economic history and statistic writings, pre-Adam Smith. Of particular interest were Petty's forays into statistical analysis. Petty's work in political arithmetic, along with the work of John Graunt, laid the foundation for modern census techniques. Moreover, this work in statistical analysis, when further expanded by writers like Josiah Child, documented some of the first expositions of modern insurance. Vernon Louis Parrington notes him as an early expositor of the labor theory of value as discussed in Treatise of Taxes in 1692.
In 1858, Henry Petty-Fitzmaurice, 3rd Marquess of Lansdowne, one of Petty's descendants erected a memorial and likeness of Petty in Romsey Abbey. The text on it reads: "a true patriot and a sound philosopher who, by his powerful intellect, his scientific works and indefatigable industry, became a benefactor to his family and an ornament to his country". His grave slab on the floor of the south choir aisle reads HERE LAYES SIR WILLIAM PETY.
Read more about this topic: William Petty
Famous quotes containing the words life and, life and/or influences:
“He ... was a sociologist; he had got into an intellectual muddle early on in life and never managed to get out.”
—Iris Murdoch (b. 1919)
“There was something so free and self-contained about him, something in the young fellow’s movements, that made that officer aware of him. And this irritated the Prussian. He did not choose to be touched into life by his servant.”
—D.H. (David Herbert)
“However diligent she may be, however dedicated, no mother can escape the larger influences of culture, biology, fate . . . until we can actually live in a society where mothers and children genuinely matter, ours is an essentially powerless responsibility. Mothers carry out most of the work orders, but most of the rules governing our lives are shaped by outside influences.”
—Mary Kay Blakely (20th century)