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Samuel Mountifort Longfield
Samuel Mountifort Longfield (1802 – 21 November 1884) was an Irish lawyer, judge, mathematician, and academic. He was the first Professor of Political Economy at Trinity College, Dublin. Life He was son of Mountifort Longfield, vicar of Desert Serges (Desert Magee), County Cork, and his wife Grace, daughter of William Lysaght of Fort William and Mount North, County Cork. He was educated at Trinity College Dublin, graduated as moderator and gold medallist in science in 1823, became a fellow in 1825, and proceeded to the degrees of M.A. in 1829 and LL.D. in 1831. In 1828 Longfield was called to the Irish bar, but did not practise. When the professorship of political economy in Trinity College was founded in 1832, he was appointed the first professor; and in 1834 he resigned his fellowship and became Regius Professor of Feudal and English Law there, a post he held for the rest of his life, from 1871 having as deputy N. Ritchie, Q.C. Longfield was reputed as a real property la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brackets
A bracket is either of two tall fore- or back-facing punctuation marks commonly used to isolate a segment of text or data from its surroundings. They come in four main pairs of shapes, as given in the box to the right, which also gives their names, that vary between British English, British and American English. "Brackets", without further qualification, are in British English the ... marks and in American English the ... marks. Other symbols are repurposed as brackets in specialist contexts, such as International Phonetic Alphabet#Brackets and transcription delimiters, those used by linguists. Brackets are typically deployed in symmetric pairs, and an individual bracket may be identified as a "left" or "right" bracket or, alternatively, an "opening bracket" or "closing bracket", respectively, depending on the Writing system#Directionality, directionality of the context. In casual writing and in technical fields such as computing or linguistic analysis of grammar, brackets ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Theory Of Value
The labor theory of value (LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of " socially necessary labor" required to produce it. The contrasting system is typically known as the subjective theory of value. The LTV is usually associated with Marxian economics, although it originally appeared in the theories of earlier classical economists such as Adam Smith and David Ricardo, and later in anarchist economics. Smith saw the price of a commodity as a reflection of how much labour it can "save" the purchaser. The LTV is central to Marxist theory, which holds that capitalists' expropriation of the surplus value produced by the working class is exploitative. Modern mainstream economics rejects the LTV and uses a theory of value based on subjective preferences. Definitions of value and labor According to the LTV, value refers to the amount of socially necessary labor to produce a marketable commodity; Acco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
19th-century Irish Lawyers
The 19th century began on 1 January 1801 (represented by the Roman numerals MDCCCI), and ended on 31 December 1900 (MCM). It was the 9th century of the 2nd millennium. It was characterized by vast social upheaval. Slavery was abolished in much of Europe and the Americas. The First Industrial Revolution, though it began in the late 18th century, expanded beyond its British homeland for the first time during the 19th century, particularly remaking the economies and societies of the Low Countries, France, the Rhineland, Northern Italy, and the Northeastern United States. A few decades later, the Second Industrial Revolution led to ever more massive urbanization and much higher levels of productivity, profit, and prosperity, a pattern that continued into the 20th century. The Catholic Church, in response to the growing influence and power of modernism, secularism and materialism, formed the First Vatican Council in the late 19th century to deal with such problems and confirm ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1884 Deaths
Events January * January 4 – The Fabian Society is founded in London to promote gradualist social progress. * January 5 – Gilbert and Sullivan's comic opera ''Princess Ida'', a satire on feminism, premières at the Savoy Theatre, London. * January 7 – German microbiologist Robert Koch isolates ''Vibrio cholerae'', the cholera bacillus, working in India. * January 18 – William Price (physician), William Price attempts to cremate his dead baby son, Iesu Grist, in Wales. Later tried and acquitted on the grounds that cremation is not contrary to English law, he is thus able to carry out the ceremony (the first in the United Kingdom in modern times) on March 14, setting a legal precedent. * January – Arthur Conan Doyle's anonymous story "J. Habakuk Jephson's Statement" appears in the ''Cornhill Magazine'' (London). Based on the disappearance of the crew of the ''Mary Celeste'' in 1872, many of the fictional elements introduced by Doyle come to repla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1802 Births
Events January–March * January 5 – Thomas Bruce, 7th Earl of Elgin, British ambassador to the Ottoman Empire, begins removal of the Elgin Marbles from the Parthenon in Athens, claiming they are at risk of destruction during the Ottoman Empire, Ottoman occupation of Greece; the first shipment departs Piraeus on board Elgin's ship, the ''Mentor'', "with many boxes of moulds and sculptures", including three marble torsos from the Parthenon. * January 15 – Canonsburg Academy (modern-day Washington & Jefferson College) is chartered by the Pennsylvania General Assembly. * January 29 – The French Saint-Domingue expedition (40,000 troops) led by General Charles Leclerc (general, born 1772), Charles Leclerc (Bonaparte's brother-in-law) lands in Saint-Domingue (modern Haiti) in an attempt to restore colonial rule following the Haitian Revolution in which Toussaint Louverture (a black former Slavery, slave) has proclaimed himself President for Life, Governor-General for Life ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet Archive
The Internet Archive is an American 501(c)(3) organization, non-profit organization founded in 1996 by Brewster Kahle that runs a digital library website, archive.org. It provides free access to collections of digitized media including websites, Application software, software applications, music, audiovisual, and print materials. The Archive also advocates a Information wants to be free, free and open Internet. Its mission is committing to provide "universal access to all knowledge". The Internet Archive allows the public to upload and download digital material to its data cluster, but the bulk of its data is collected automatically by its web crawlers, which work to preserve as much of the public web as possible. Its web archiving, web archive, the Wayback Machine, contains hundreds of billions of web captures. The Archive also oversees numerous Internet Archive#Book collections, book digitization projects, collectively one of the world's largest book digitization efforts. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Utility Theory
Marginal utility, in mainstream economics, describes the change in ''utility'' (pleasure or satisfaction resulting from the consumption) of one unit of a good or service. Marginal utility can be positive, negative, or zero. Negative marginal utility implies that every consumed additional unit of a commodity causes more harm than good, leading to a decrease in overall utility. In contrast, positive marginal utility indicates that every additional unit consumed increases overall utility. In the context of cardinal utility, liberal economists postulate a law of diminishing marginal utility. This law states that the first unit of consumption of a good or service yields more satisfaction or utility than the subsequent units, and there is a continuing reduction in satisfaction or utility for greater amounts. As consumption increases, the additional satisfaction or utility gained from each additional unit consumed falls, a concept known as ''diminishing marginal utility.'' This idea is us ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Productivity
In economics and in particular neoclassical economics, the marginal product or marginal physical productivity of an input (factor of production) is the change in output resulting from employing one more unit of a particular input (for instance, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant. The marginal product of a given input can be expressed as: :MP = \frac where \Delta X is the change in the firm's use of the input (conventionally a one-unit change) and \Delta Y is the change in the quantity of output produced (resulting from the change in the input). Note that the quantity Y of the "product" is typically defined ignoring external costs and benefits. If the output and the input are infinitely divisible, so the marginal "units" are infinitesimal, the marginal product is the mathematical derivative of the production function with respect to that input. Suppose a firm's output ''Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." The means of production is as a "... series of heterogeneous commodities, each having specific technical characteristics ..." "capital goods", are one of the three types of intermediate goods used in the production process, the other two being land and labour. The three are also known collectively as "primary factors of production". This classification originated during the classical economics period and has remained the dominant method for classification. Capital can be increased by the use of a production process (see production function and factors of production). Outputs of the production process are normally classif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
