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The Political Economy Club is the world's oldest economics association that was founded by James Mill.^[1] It was founded in 1821 in London with David Ricardo, Thomas Malthus, and Robert Torrens,^[2] because there were not any professional associations for free trade economists to peer-review their work.^[3] Despite Mill's exclusive limit to 30 members:^[4] the Political Economy Club was a predominant influence on 19th century economics.

History

On 18 April 1821, Swinton Holand held at his house the first meeting of the Club. A second larger meeting was held at Freemasons' Tavern, London, on 30 April.^[5] The club now meets monthly at Brooks's Club to hear the members' papers and dine.^{[citation needed]} The founding participants' disagreement on the formulation of their fundamental axioms provoked Ricardo to privately express his infamous assertion of the 'non-existence of any measure of absolute value'.^[6] There were subsequently founded the less exclusive Section F of the BAAS (founded 1832), and the Statistical Society of London (founded 1834), and the Cobden Club (founded 1866), and the British Economic Association (founded 1890).^[7]

Notable members include:^[8]^[7]

David Ricardo, Thomas Malthus, James Mill, Colonel Thomas Moody, Kt., Robert Torrens, Thomas Tooke, John Stuart Mill, John Ramsey McCulloch, Nassau Senior, John Elliott Cairnes, Henry Fawcett, William Newmarch, Samuel Jones-Loyd, 1st Baron Overstone, Jane Marcet,^[9] George Warde Norman, William Blake, Walter Coulson, George Pryme, George R. Porter, William T. Thornton, Walter Bagehot, and Jean-Baptiste Say.

Later: William Stanley Jevons, Thomas Edward Cliffe Leslie, Walter Coulson, Robert Mushet, Henry Parnell, James Pennington, John Horsley Palmer, and Thomas Perronet Thompson. Others were drawn from outside the ranks of economists, including G. G. de Larpent, George John Shaw-Lefevre, John Abel Smith, Henry Warburton, Lord Althorp, William Whitmore, W. B. Baring, Poulett Thomson, Sir Robert Wilmot-Horton, Lord Monteagle, Charles Hay Cameron, James Deacon Hume, George Grote, James Morrison, Edwin Chadwick, Sir Robert Giffen, Charles Buller, and Sir William Clay.

Significant elections after 1840 include Robert Lowe, Sir G. C. Lewis, Rowland Hill, Stafford Northcote, George J. Goschen, William Ewart Gladstone, and W. E. Forster.^[10]

Current members include

Lord Willetts
Sir Adam Ridley
Tim Congdon CBE
Peter Jay
Charles Dumas
Diana Choyleva
Gabriel Stein
Maya Bhandari

Honorary members ex officio: (limited to six from the following list) ^[7]

Drummond Professor of Political Economy of Oxford
Professor of Political Economy (Cambridge)
Whately Chair of Political Economy of Trinity College, Dublin
Tooke Professor of King's College, London
Professor of Political Economy of University College London
Cobden Professor of Owens College, Manchester
Professors in political economy at Queen's Colleges of Ireland (Belfast, Cork, Galway), and
Professors of the universities of Scotland (Edinburgh, Glasgow, Aberdeen, St. Andrews)

The 19 founding members of the Political Economy Club (1821) ^[4]

George Basevi
George Brown, Governor of Bombay
I. Cazenove
John Welsford Cowell
William Keith Douglas
Henry Entwistle
George Grote MP
Swinton C. Holland
Sir G.G. de H. Larpent Bart.
Sir J.G.S. Lefevre KCB
George Lyall MP
Colonel W.L. Maberly
Zachary Macaulay
I.L. Malthus
Rev. Thomas Robert Malthus
James Mill
F. Mitchell
Robert Mushet
George Wade Norman
Sir Henry Parnell MP
Alexander Prevost
Charles Prinsep
David Ricardo
Edward Simson
R. Simpson
John Abel Smith MP
Thomas Tooke
Colonel Robert Torrens
Henry Warburton MP

Bicentenary Essay Competition

To celebrate the PEC's bicentennial, an open international essay competition was announced in 2020 for the 2021 year.^[11] Candidates were asked to choose one of two titles. These were:

"How relevant are the ideas of Malthus and Ricardo respectively to today’s issues of climate change (is this an example of Malthusian limits?) and of limits to markets (is globalisation with free trade and free capital movements an unmixed blessing?)?"
"With UK real income per head up 15 times over the past 200 years and more evenly distributed, will this be repeated over the next 200 years? – and if not, why not?"^[11]

References

^ "James Mill, 1773-1836". Archived from the original on 3 April 2008. Retrieved 4 April 2009.
^ Elie Halévy, The Growth of Philosophic Radicalism, tr. Mary Morris. Boston, Beacon Press, 1955, p. 343.
^ D. P. O'Brien (2004). "The Classical Economists Revisited". Princeton University Press. Archived from the original on 29 August 2008. Retrieved 29 July 2009.
^ ^a ^b Tribe, Keith (2008). "Founders of the Political Economy Club (act. 1821–1829)". Oxford Dictionary of National Biography (online ed.). Oxford University Press. doi:10.1093/ref:odnb/95369. ISBN 9780198614128. Retrieved 6 March 2021. (Subscription or UK public library membership required.)
^ "Overview". archives.lse.ac.uk. Retrieved 20 February 2021.
^ Ricardo to Malthus, 15 August 1823. Quoted by Halevy, Ibid., p. 352.
^ ^a ^b ^c "HET: Political Economy Club". www.hetwebsite.net. Retrieved 20 February 2021.
^ Hall, Catherine; Draper, Nicholas; McClelland, Keith (1 November 2015). Emancipation and the Remaking of the British Imperial World. Oxford University Press.
^ Gary R. Evans. "Research Paper Allowable Subjects". Archived from the original on 3 September 2006. Retrieved 26 November 2006.
^ D. P. O'Brien (2004). "The Classical Economists Revisited". Princeton University Press. Archived from the original on 29 August 2008. Retrieved 29 July 2009.
^ ^a ^b "Political Economy Club - PEC 200 Bicentenary Essay Competition". PEC 200. Retrieved 19 February 2021.

Publications

J. R. McCulloch, Early English Tracts on Commerce. London: Political Economy Club (1856); Cambridge University Press, 1954.
Political Economy Club, Revised Report of the Proceedings at the Dinner of 31 May 1876, Held in Celebration of the Hundredth Year of the Publication of the “Wealth of Nations” London: Longmans, Green, Reader & Dyer (1876).
Political Economy Club : founded in London, 1821 : minutes of proceedings, 1899–1920, roll of members and questions discussed, 1821–1920 with documents bearing on the history of the club. Macmillan and Co., (1921)

[1] "James Mill, 1773-1836". Archived from the original on 3 April 2008. Retrieved 4 April 2009.

[2] Elie Halévy, The Growth of Philosophic Radicalism, tr. Mary Morris. Boston, Beacon Press, 1955, p. 343.

[3] D. P. O'Brien (2004). "The Classical Economists Revisited". Princeton University Press. Archived from the original on 29 August 2008. Retrieved 29 July 2009.

[:2-4] Tribe, Keith (2008). "Founders of the Political Economy Club (act. 1821–1829)". Oxford Dictionary of National Biography (online ed.). Oxford University Press. doi:10.1093/ref:odnb/95369. ISBN 9780198614128. Retrieved 6 March 2021. (Subscription or UK public library membership required.)

[5] "Overview". archives.lse.ac.uk. Retrieved 20 February 2021.

[6] Ricardo to Malthus, 15 August 1823. Quoted by Halevy, Ibid., p. 352.

[:1-7] "HET: Political Economy Club". www.hetwebsite.net. Retrieved 20 February 2021.

[Emancipation-8] Hall, Catherine; Draper, Nicholas; McClelland, Keith (1 November 2015). Emancipation and the Remaking of the British Imperial World. Oxford University Press.

[9] Gary R. Evans. "Research Paper Allowable Subjects". Archived from the original on 3 September 2006. Retrieved 26 November 2006.

[10] D. P. O'Brien (2004). "The Classical Economists Revisited". Princeton University Press. Archived from the original on 29 August 2008. Retrieved 29 July 2009.

[:0-11] "Political Economy Club - PEC 200 Bicentenary Essay Competition". PEC 200. Retrieved 19 February 2021.

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@@ Line 1: / Line 1: @@
+{{About|the club established in 1821|1909 establishment|Political Economy Club (1909)}}
 {{Use British English|date=July 2019}}
 {{Use dmy dates|date=July 2019}}
+The '''Political Economy Club''' is the world's oldest economics association that was founded by [[James Mill]].<ref>{{cite web |url=http://cepa.newschool.edu/het/profiles/jamesmill.htm |title= James Mill, 1773-1836 |access-date=2009-04-04 |url-status=dead |archive-url=https://web.archive.org/web/20080403090755/http://cepa.newschool.edu/het/profiles/jamesmill.htm |archive-date=2008-04-03 }}</ref> It was founded in 1821 in [[London]] with [[David Ricardo]], [[Thomas Malthus]], and [[Robert Torrens (economist)|Robert Torrens]],<ref>Elie Halévy, ''The Growth of Philosophic Radicalism,'' tr. Mary Morris. Boston, Beacon Press, 1955, p. 343.</ref> because there were not any professional associations for free trade [[economists]] to peer-review their work.<ref>{{cite web |url=http://press.princeton.edu/chapters/s7829.html |title=The Classical Economists Revisited|access-date=2009-07-29 |url-status=dead |archive-url=https://web.archive.org/web/20080829010046/http://press.princeton.edu/chapters/s7829.html |archive-date=2008-08-29 |author=D. P. O'Brien|publisher=Princeton University Press|year=2004}}</ref> Despite Mill's exclusive limit to 30 members:<ref name=":2" /> the Political Economy Club was a
-{{About|the club established in 1821|1909 establishment|Political Economy Club (1909)}}
+predominant influence on 19th century economics.
-The '''Political Economy Club''' is the world's oldest economics association founded by [[James Mill]]<ref>{{cite web |url=http://cepa.newschool.edu/het/profiles/jamesmill.htm |title=Archived copy |accessdate=2009-04-04 |url-status=dead |archiveurl=https://web.archive.org/web/20080403090755/http://cepa.newschool.edu/het/profiles/jamesmill.htm |archivedate=2008-04-03 }} James Mill, 1773-1836</ref> and a circle of friends in 1821 in [[London]], for the purpose of coming to an agreement on the fundamental principles of [[political economy]].  [[David Ricardo]], [[James Mill]], [[Thomas Malthus]] (the only one holding an academic post at the time), and [[Robert Torrens (economist)|Robert Torrens]] were among the original luminaries.<ref>Elie Halévy, ''The Growth of Philosophic Radicalism,'' tr. Mary Morris. Boston, Beacon Press, 1955, p. 343.</ref>
-In the early 19th century there were no academic societies or professional associations for [[economists]].  The Political Economy Club was a way to establish a scientific community, test ideas, and provide peer review for their  work.<ref>{{cite web |url=http://press.princeton.edu/chapters/s7829.html |title=Archived copy |accessdate=2009-07-29 |url-status=dead |archiveurl=https://web.archive.org/web/20080829010046/http://press.princeton.edu/chapters/s7829.html |archivedate=2008-08-29 }}   D. P. O'Brien, ''The Classical Economists Revisited.''  Princeton University Press, 2004.</ref>
-Despite its closed nature, the Political Economy Club was a domineering influence in 19th C. economics.  But its exclusivity prevented it from becoming a wider association for economists. That role was filled by Section F of the BAAS (founded1832), the Statistical Society of London (f.1834), the Cobden Club (f.1866) and finally the the British Economic Association (f.1890).<ref>{{cite web |url= https://www.hetwebsite.net/het/schools/peclub.htm }}''The Political Economy Club''  </ref>
 ==History==
+On 18 April 1821, Swinton Holand held at his house the first meeting of the Club. A second larger meeting was held at [[Freemasons' Tavern]], London, on 30 April.<ref>{{Cite web|title=Overview|url=https://archives.lse.ac.uk/Record.aspx?src=CalmView.Catalog&id=PEC|access-date=2021-02-20|website=archives.lse.ac.uk}}</ref> The club now meets monthly at [[Brooks's]] Club to hear the members' papers and dine.{{Citation needed|date=July 2016}} The founding participants' disagreement on the formulation of their fundamental axioms provoked Ricardo to privately express his infamous assertion of the 'non-existence of any measure of absolute value'.<ref>Ricardo to Malthus, 15 August 1823. Quoted by Halevy, ''Ibid.,'' p. 352.</ref> There were subsequently founded the less exclusive Section F of the BAAS (founded 1832), and the Statistical Society of London (founded 1834), and the Cobden Club (founded 1866), and the British Economic Association (founded 1890).<ref name=":1">{{Cite web|title=HET: Political Economy Club|url=https://www.hetwebsite.net/het/schools/peclub.htm|access-date=2021-02-20|website=www.hetwebsite.net}}</ref>
-The club was founded in 1821 and supported [[free trade]]. On 18 April 1821, Swinton Holand held the first meeting at his house. A second larger meeting was held at [[Freemasons' Tavern]], London on 30 April.<ref>http://archives.lse.ac.uk/Record.aspx?src=CalmView.Catalog&id=PEC</ref>
-The Club now meets on a monthly basis in [[Brooks's]] to hear papers presented by members of the club and a discussion over dinner.{{Citation needed|date=July 2016}}
-== Discussions ==
-The participants soon found substantial difficulties in formulating and reaching agreement on their fundamental propositions.  Ricardo felt that none of their views was safe from criticism.  Reflecting on their theoretical discussions in 1823, Ricardo privately expressed his famous opinion about the "non-existence of any measure of absolute value."<ref>Ricardo to Malthus, 15 August 1823. Quoted by Halevy, ''Ibid.,'' p. 352.</ref>
+=== Notable members include:<ref name="Emancipation">{{cite book|last1=Hall|first1=Catherine|title=Emancipation and the Remaking of the British Imperial World|last2=Draper|first2=Nicholas|last3=McClelland|first3=Keith|date=1 November 2015|publisher=Oxford University Press}}</ref><ref name=":1" /> ===
-== Participants ==
+[[David Ricardo]], [[Thomas Robert Malthus|Thomas Malthus]], [[James Mill]], [[Thomas Moody (1779-1849)|Colonel Thomas Moody, Kt.]], [[Robert Torrens (economist)|Robert Torrens]], [[Thomas Tooke]], [[John Stuart Mill]], [[John Ramsey McCulloch]], [[Nassau Senior]], [[John Elliott Cairnes]], [[Henry Fawcett]], [[William Newmarch]], [[Samuel Jones-Loyd, 1st Baron Overstone]], [[Jane Marcet]],<ref>{{cite web|author=Gary R. Evans|title=Research Paper Allowable Subjects|url=http://www2.hmc.edu/~evans/rpas.htm|url-status=dead|archive-url=https://web.archive.org/web/20060903193212/http://www2.hmc.edu/~evans/rpas.htm|archive-date=2006-09-03|access-date=2006-11-26}}</ref> [[George Warde Norman]], [[William Blake (economist)|William Blake]], [[Walter Coulson]], [[George Pryme]], [[George R. Porter]], [[William T. Thornton]], [[Walter Bagehot]], and [[Jean-Baptiste Say]].
+Later: [[William Stanley Jevons]], [[Thomas Edward Cliffe Leslie]], Walter Coulson, [[Robert Mushet (writer)|Robert Mushet]], [[Henry Parnell]], James Pennington, [[John Horsley Palmer]], and [[Thomas Perronet Thompson]]. Others were drawn from outside the ranks of economists, including G. G. de Larpent, [[George John Shaw-Lefevre]], John Abel Smith, [[Henry Warburton]], [[Lord Althorp]], William Whitmore, [[William Baring, 2nd Baron Ashburton|W. B. Baring]], [[Charles Poulett Thomson, 1st Baron Sydenham|Poulett Thomson]], [[Sir Robert John Wilmot-Horton, 3rd Baronet|Sir Robert Wilmot-Horton]], [[Thomas Spring Rice, 1st Baron Monteagle of Brandon|Lord Monteagle]], Charles Hay Cameron, [[James Deacon Hume]], [[George Grote]], James Morrison, [[Edwin Chadwick]], [[Sir Robert Giffen]], [[Charles Buller]], and Sir William Clay.
-===Founding Members of the Political Economy Club (1821) <ref>{{cite web |url=https://www.hetwebsite.net/het/schools/peclub.htm }} "The Political Economy Club" </ref> ===
-[[George Basevi]]<br>
-[[G. Brown]]<br>
-[[I. Cazenove]]<br>
-[[John Welsford Cowell]]<br>
-[[William Keith Douglas]]<br>
-[[Henry Entwistle]]<br>
-[[George Grote]], M.P.<br>
-[[Swinton C. Holland]]<br>
-Sir [[G.G. de H. Larpent]], Bart.<br>
-Sir [[J.G.S. Lefevre]], KCB<br>
-[[George Lyall (1779–1853)|George Lyall]], M.P.<br>
-Colonel [[W.L. Maberly]]<br>
-[[Zachary Macaulay]]<br>
-[[I.L. Malthus]]<br>
-Rev. [[Thomas Robert Malthus]]<br>
-[[James Mill]]<br>
-[[F. Mitchell]]<br>
-[[Robert Mushet]]<br>
-[[George Wade Norman]]<br>
-Sir [[Henry Parnell]], M.P.<br>
-[[Alexander Prevost]]<br>
-[[Charles Prinsep]]<br>
-[[David Ricardo]]<br>
-[[Edward Simson]]<br>
-[[R. Simpson]]<br>
-[[John Abel Smith]], M.P.<br>
-[[Thomas Tooke]]<br>
-Colonel [[Robert Torrens (economist)|Robert Torrens]]<br>
-[[Henry Warburton]], M.P.<br>
+Significant elections after 1840 include [[Robert Lowe, 1st Viscount Sherbrooke|Robert Lowe]], Sir [[G. C. Lewis]], [[Rowland Hill (postal reformer)|Rowland Hill]], [[Stafford Northcote]], [[George J. Goschen]], [[William Ewart Gladstone]], and [[William Edward Forster|W. E. Forster]].<ref>{{cite web|author=D. P. O'Brien|year=2004|title=The Classical Economists Revisited|url=http://press.princeton.edu/chapters/s7829.html|url-status=dead|archive-url=https://web.archive.org/web/20080829010046/http://press.princeton.edu/chapters/s7829.html|archive-date=2008-08-29|access-date=2009-07-29|publisher=Princeton University Press}}</ref>
-===Selected later members (with date of admission)<ref>{{cite web |url=https://www.hetwebsite.net/het/schools/peclub.htm }} "The Political Economy Club" </ref> ===
-[[Walter Coulson]] (1822, editor of Torrens's Globe)<br>
-[[Nassau William]] Senior (1823)<br>
-[[James Ramsay McCulloch]] (1829)<br>
-[[Samuel Jones Lloyd]], Lord Overstone (1831)<br>
-[[Thomas Perronet Thompson]] (1831)<br>
-[[George Pryme]] (1833)<br>
-[[Edwin Chadwick]] (1834)<br>
-[[John Stuart Mill]] (1836)<br>
-[[George R. Porter]] (1841)<br>
-[[William T. Thornton]] (1847)<br>
-[[William Newmarch]] (1852)<br>
-[[Walter Bagehot]]<br>
-[[Robert Giffen]]<br>
-[[J.E. Thorold Rogers]]<br>
-[[W. Stanley Jevons]]<br>
+===Current members include===
-===Honorary Members ex oficio: (limited to six from the following list) <ref>{{cite web |url=https://www.hetwebsite.net/het/schools/peclub.htm }} "The Political Economy Club" </ref> ===
+{{columns-list|colwidth=15em|class=|style=width: 600px;|
-[[Drummond Professor of Political Economy]] of Oxford,<br>
+* [[David Willetts|Lord Willetts]]
-[[Professor of Political Economy (Cambridge)]],<br>
+* [[Adam Ridley|Sir Adam Ridley]]
-[[Whately Chair of Political Economy]] of Trinity College, Dublin,<br>
+* [[Tim Congdon|Tim Congdon CBE]]
-Tooke Professor of King's College, London,<br>
+* [[Peter Jay (diplomat)|Peter Jay]]
-Professor of Political Economy of University College London,<br>
+* Charles Dumas
-Cobden Professor of Owens College, Manchester,<br>
+* [[Diana Choyleva]]
-Professors in political economy at Queen's Colleges of Ireland (Belfast, Cork, Galway)<br>
+* Gabriel Stein
-Professors of the universities of Scotland (Edinburgh, Glasgow, Aberdeen, St. Andrews)
+* Maya Bhandari
+}}
-===Currently members of the society include: ===
+=== Honorary members ex officio: (limited to six from the following list) <ref name=":1" /> ===
+{{columns-list|colwidth=15em|class=|style=width: 600px;|
-[[David Willetts]], Baron Willetts,<br>
+* [[Drummond Professor of Political Economy]] of Oxford
-[[Peter Jay (diplomat)|Peter Jay]], <br>
+* [[Professor of Political Economy (Cambridge)]]
-Charles Dumas, <br>
+* [[Whately Chair of Political Economy]] of Trinity College, Dublin
-[[Adam Ridley]], <br>
+* Tooke Professor of King's College, London
-[[Diana Choyleva]], <br>
+* Professor of Political Economy of University College London
-[[Tim Congdon]], and <br>
+* Cobden Professor of Owens College, Manchester
-[[Gabriel Stein]].
+* Professors in political economy at Queen's Colleges of Ireland (Belfast, Cork, Galway), and
+* Professors of the universities of Scotland (Edinburgh, Glasgow, Aberdeen, St. Andrews)
+}}
+=== The 19 founding members of the Political Economy Club (1821) <ref name=":2">{{Cite ODNB|title=Founders of the Political Economy Club (act. 1821–1829)|url=https://www.oxforddnb.com/view/10.1093/ref:odnb/9780198614128.001.0001/odnb-9780198614128-e-95369|access-date=2021-03-06|year=2008|language=en|doi=10.1093/ref:odnb/95369|last1=Tribe|first1=Keith|isbn=9780198614128}}</ref> ===
-===Notable members include:===
+{{columns-list|colwidth=15em|class=|style=width: 600px;|
-[[David Ricardo]], [[Thomas Robert Malthus|Thomas Malthus]], [[James Mill]], [[Thomas Moody (1779-1849)|Colonel Thomas Moody, Kt.]],<ref name="Emancipation">{{cite book|last1=Hall|first1=Catherine|last2=Draper|first2=Nicholas|last3=McClelland|first3=Keith|title=Emancipation and the Remaking of the British Imperial World|date=1 November 2015|publisher=Oxford University Press}}</ref> [[Robert Torrens (economist)|Robert Torrens]], [[Thomas Tooke]], [[John Stuart Mill]], [[John Ramsey McCulloch]], [[Nassau Senior]], [[John Elliott Cairnes]], [[Henry Fawcett]], [[William Newmarch]], [[Samuel Jones-Loyd, 1st Baron Overstone]], [[Jane Marcet]],<ref>{{cite web |url=http://www2.hmc.edu/~evans/rpas.htm |title=Archived copy |accessdate=2006-11-26 |url-status=dead |archiveurl=https://web.archive.org/web/20060903193212/http://www2.hmc.edu/~evans/rpas.htm |archivedate=2006-09-03 }}  Gary R. Evans, Humanities 2 "Classics of Economic Thought"</ref> [[George Warde Norman]], [[William Blake (economist)|William Blake]], and [[Jean-Baptiste Say]].
+* [[George Basevi]]
+* [[George Brown (Governor of Bombay)|George Brown, Governor of Bombay]]
+* I. Cazenove
+* John Welsford Cowell
+* William Keith Douglas
+* Henry Entwistle
+* [[George Grote|George Grote MP]]
+* Swinton C. Holland
+* Sir G.G. de H. Larpent Bart.
+* Sir J.G.S. Lefevre KCB
+* [[George Lyall (1779–1853)|George Lyall MP]]
+* Colonel W.L. Maberly
+* [[Zachary Macaulay]]
+* I.L. Malthus
+* Rev. [[Thomas Robert Malthus]]
+* [[James Mill]]
+* F. Mitchell
+* [[Robert Mushet (writer)|Robert Mushet]]
+* George Wade Norman
+* [[Henry Parnell|Sir Henry Parnell MP]]
+* Alexander Prevost
+* Charles Prinsep
+* [[David Ricardo]]
+* Edward Simson
+* R. Simpson
+* [[John Abel Smith|John Abel Smith MP]]
+* [[Thomas Tooke]]
+* [[Robert Torrens (economist)|Colonel Robert Torrens]]
+* [[Henry Warburton|Henry Warburton MP]]
+}}
+== Bicentenary Essay Competition ==
-Later: [[William Stanley Jevons]], [[Thomas Edward Cliffe Leslie]], Walter Coulson, [[Robert Mushet]], [[Henry Parnell]], James Pennington, [[John Horsley Palmer]], and [[Thomas Perronet Thompson]]. Others were drawn from outside the ranks of economists, including G. G. de Larpent, [[George John Shaw-Lefevre]], John Abel Smith, [[Henry Warburton]], [[Lord Althorp]], William Whitmore, [[William Baring, 2nd Baron Ashburton|W. B. Baring]], [[Charles Poulett Thomson, 1st Baron Sydenham|Poulett Thomson]], [[Sir Robert John Wilmot-Horton, 3rd Baronet|Sir Robert Wilmot-Horton]], [[Thomas Spring Rice, 1st Baron Monteagle of Brandon|Lord Monteagle]], Charles Hay Cameron, [[James Deacon Hume]], [[George Grote]], James Morrison, [[Edwin Chadwick]], [[Sir Robert Giffen]], [[Charles Buller]], and Sir William Clay.
+To celebrate the PEC's bicentennial, an open international essay competition was announced in 2020 for the 2021 year.<ref name=":0">{{Cite web|title=Political Economy Club - PEC 200 Bicentenary Essay Competition|url=https://www.pec200.co.uk/|access-date=2021-02-19|website=PEC 200|language=en}}</ref> Candidates were asked to choose one of two titles. These were:
+# "How relevant are the ideas of Malthus and Ricardo respectively to today’s issues of climate change (is this an example of Malthusian limits?) and of limits to markets (is globalisation with free trade and free capital movements an unmixed blessing?)?"
-Significant elections after 1840 include [[Robert Lowe, 1st Viscount Sherbrooke|Robert Lowe]], Sir [[G. C. Lewis]], [[Rowland Hill (postal reformer)|Rowland Hill]], [[Stafford Northcote]], [[George J. Goschen]], [[William Ewart Gladstone]], and [[William Edward Forster|W. E. Forster]].<ref>{{cite web |url=http://press.princeton.edu/chapters/s7829.html |title=Archived copy |accessdate=2009-07-29 |url-status=dead |archiveurl=https://web.archive.org/web/20080829010046/http://press.princeton.edu/chapters/s7829.html |archivedate=2008-08-29 }}   D. P. O'Brien, ''The Classical Economists Revisited.'' Princeton University Press, 2004.</ref>
+# "With UK real income per head up 15 times over the past 200 years and more evenly distributed, will this be repeated over the next 200 years? – and if not, why not?"<ref name=":0"/>
 ==See also==
@@ Line 104: / Line 89: @@
 ==Publications==
 * J. R. McCulloch, ''Early English Tracts on Commerce.''  London: Political Economy Club (1856); Cambridge University Press, 1954.
-* Political Economy Club, ''Revised Report of the Proceedings at the Dinner of 31 May 1876, Held in Celebration of the Hundredth Year of the Publication of the “Wealth of Nations”'' (London: Longmans, Green, Reader & Dyer (1876).
+* Political Economy Club, ''Revised Report of the Proceedings at the Dinner of 31 May 1876, Held in Celebration of the Hundredth Year of the Publication of the “Wealth of Nations”'' London: Longmans, Green, Reader & Dyer (1876).
-* Political Economy Club : founded in London, 1821 : minutes of proceedings, 1899–1920, roll of members and questions discussed, 1821-1920 with documents bearing on the history of the club.       	Macmillan and Co., (1921)
+* Political Economy Club : founded in London, 1821 : minutes of proceedings, 1899–1920, roll of members and questions discussed, 1821–1920 with documents bearing on the history of the club.       	Macmillan and Co., (1921)
 {{ History of economic thought}}

Latest revision as of 12:00, 4 October 2024

History

Notable members include:[8][7]

Current members include

Honorary members ex officio: (limited to six from the following list) [7]

The 19 founding members of the Political Economy Club (1821) [4]