Bonamy Price (22 May 18078 January 1888) was a British

political economist Politics () is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of status or resources. The branch of social science that studies poli ...

Biography

He was born at

Saint Peter Port St. Peter Port () is a town and one of the ten parishes on the island of Guernsey in the Channel Islands. It is the capital of the Bailiwick of Guernsey as well as the main port. The population in 2019 was 18,958. St. Peter Port is a small tow ...

Guernsey Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited isl ...

, the son of Frederick Price and his wife Maria Martha Vardon. He lived on the island until age 14. Price left Guernsey and came under the tutelage of the Rev. Charles Bradley in

High Wycombe High Wycombe, often referred to as Wycombe ( ), is a market town in Buckinghamshire, England. Lying in the valley of the River Wye, Buckinghamshire, River Wye surrounded by the Chiltern Hills, it is west-northwest of Charing Cross in London, ...

, where he was taught alongside

William Smith O'Brien William Smith O'Brien (; 17 October 1803 – 18 June 1864) was an Irish republicanism, Irish republican who, in the course of Ireland's Great Famine (Ireland), Great Famine, had been converted to the cause of Irish nationalism, national i ...

. He matriculated at

Worcester College, Oxford Worcester College ( ) is a constituent college of the University of Oxford in England. The college was founded in 1714 by the benefaction of Sir Thomas Cookes, 2nd Baronet (1648–1701) of Norgrove, Worcestershire, whose coat of arms was ad ...

, in 1825, where he received double first in classics, graduating B.A. in 1829, M.A. in 1832. During his time at Worcester College, he occasionally studied under

Thomas Arnold Thomas Arnold (13 June 1795 – 12 June 1842) was an English educator and historian. He was an early supporter of the Broad Church Anglican movement. As headmaster of Rugby School from 1828 to 1841, he introduced several reforms that were widel ...

, at

Laleham Laleham is a village on the River Thames, in the borough of Spelthorne, about west of central London, England. Historically part of the county of Middlesex, it was transferred to Surrey in 1965. Laleham is downriver from Staines-upon-Thames a ...

; who went on to become head master of

Rugby School Rugby School is a Public school (United Kingdom), private boarding school for pupils aged 13–18, located in the town of Rugby, Warwickshire in England. Founded in 1567 as a free grammar school for local boys, it is one of the oldest independ ...

, and offered Price a role as assistant master of mathematics at the school. Price remained a teacher at Rugby from 1830 until 1850. Price married Lydia Rose, daughter of Joseph Rose who was the vicar at Rothley, on 18 December 1834. In 1868 Price was elected Drummond Professor of Political Economy at Oxford, and was thrice re-elected to the post, which he held till his death. U.S. Senator from Missouri

Carl Schurz Carl Christian Schurz (; March 2, 1829 – May 14, 1906) was a German-American revolutionary and an American statesman, journalist, and reformer. He migrated to the United States after the German revolutions of 1848–1849 and became a prominent ...

quoted extensively from one of Price's treatises during his

Senate A senate is a deliberative assembly, often the upper house or chamber of a bicameral legislature. The name comes from the ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior (Latin: ''senex'' meaning "the el ...

speech of 14 January 1874. He was in charge of Economics Department at the 1878 National Association for the Promotion of Social Science congress at

Cheltenham Cheltenham () is a historic spa town and borough adjacent to the Cotswolds in Gloucestershire, England. Cheltenham became known as a health and holiday spa town resort following the discovery of mineral springs in 1716, and claims to be the mo ...

, as well as the 1882 congress at

Nottingham Nottingham ( , East Midlands English, locally ) is a City status in the United Kingdom, city and Unitary authorities of England, unitary authority area in Nottinghamshire, East Midlands, England. It is located south-east of Sheffield and nor ...

. In 1883 he was elected an honorary fellow of his college. In addition to his professorial work, he was in much request as a popular lecturer on political economy. Price was also a member of Royal Commission on Agricultural Depression & Commission on the Depression of Trade and Commerce. Price became ill in February 1886 and his health declined; he moved from Oxford to London for treatment until his death. His daughter Bertha married

Daniel Conner Lathbury Daniel Conner Lathbury (11 April 1831 – 14 June 1922) was a British newspaper editor and writer. He was born in Wootton, near Northampton, the eldest son of Thomas Lathbury, a cleric and ecclesiastical historian, and was educated at King's Coll ...

Works

*''Principles of Political Economy'' (1878) *''Concerning Currency and Banking'' (1876) *''Practical Political Economy'' (1878)

References

External links

Page with additional bio info and genealogy
{{DEFAULTSORT:Price, Bonamy British economists 1807 births 1888 deaths People from the Bailiwick of Guernsey Alumni of Worcester College, Oxford Drummond Professors of Political Economy