Longfield, Samuel Mountifort (1802-84)

Updated: Aug 20, 2021

An Irish lawyer who became the first incumbent of the Chair of Political Economy at Trinity College, Dublin. His most important work in economics was Lectures on Political Economy, which was published in 1834. He argued convincingly against the labour theory of value and developed a marginal revenue productivity theory of labour and capital. Moreover, some of his ideas on capita! and interest foreshadowed the work of the austrian school.

Reference: The Penguin Dictionary of Economics, 3rd edt.

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