Nassau William Senior in the context of "Hermann Heinrich Gossen"

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👉 Nassau William Senior in the context of Hermann Heinrich Gossen

Hermann Heinrich Gossen (7 September 1810 – 13 February 1858) was a German economist who is often regarded as the first to elaborate, in detail, a general theory of marginal utility.

Prior to Gossen, a number of economic theorists, including Gabriel Cramer, Daniel Bernoulli, William Forster Lloyd, Nassau William Senior, and Jules Dupuit had employed or asserted the significance of some notion of marginal utility. But Cramer, Bernoulli, and Dupuit had focussed upon specific problems, Lloyd had not presented any applications of theory, and if Senior provided a detailed elaboration of the general theory he had developed, he had done so in language that caused his applications of theory to be missed by most readers.

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Nassau William Senior in the context of Poor Law Amendment Act 1834

The Poor Law Amendment Act 1834 (4 & 5 Will. 4. c. 76) (PLAA) known widely as the New Poor Law, was an act of the Parliament of the United Kingdom passed by the Whig government of Earl Grey denying the right of the poor to subsistence. It completely replaced earlier legislation based on the Poor Relief Act 1601 (43 Eliz. 1. c. 2) and attempted to fundamentally change the poverty relief system in England and Wales (similar changes were made to the poor law for Scotland in 1845). It resulted from the 1832 Royal Commission into the Operation of the Poor Laws, which included Edwin Chadwick, John Bird Sumner and Nassau William Senior. Chadwick was dissatisfied with the law that resulted from his report. The Act was passed two years after the Representation of the People Act 1832 which extended the franchise to middle-class men. Some historians have argued that this was a major factor in the PLAA being passed.

The act has been described as "the classic example of the fundamental Whig-Benthamite reforming legislation of the period". Its theoretical basis was Thomas Malthus's principle that population increased faster than resources unless checked, the "iron law of wages" and Jeremy Bentham's doctrine that people did what was pleasant and would tend to claim relief rather than working.

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