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Updated: May 13, 2025
But the Admiralty, the successors of the ancient "Guardians of the Sea" whose powers were so clearly limited by the Ricardian statute, gradually extended the old-time jurisdiction until, for the purposes of the impress, it included all waterways, whether "nigh the sea" or inland, natural or artificial, whereon it was possible for craft to navigate.
Proudhon, with whom Marx had some not wholly friendly relations, is to be regarded as a forerunner of the Anarchists rather than of orthodox Socialism. Marx mentions the English Socialists with praise in ``The Poverty of Philosophy'' . They, like him, tend to base their arguments upon a Ricardian theory of value, but they have not his scope or erudition or scientific breadth.
National Resources, p. 158. Ibid. p. 160. Works, xix. 262. Works, xix. 75. Ibid. xix. 118-47. Ibid. xix. 343. See Ibid. xix. 171. J. S. Mill speaks of Chalmers's speculations with a respect which it is difficult to understand. Chalmers holds that the Ricardian doctrine of rent inverts the true order.
To him the main consideration is the monstrous mass of evil resulting from vast accumulations of wealth in a few hands. In the next place, he adapts to his own purpose the Ricardian theory of value. All value whatever, he argues, is created by labour. The labourer, he infers, should have the value which he creates.
Darwin got his main postulate, the pressure of population on the available means of subsistence, from the treatise of Malthus on Population, just as he got his other postulate of a practically unlimited time for that pressure to operate from the geologist Lyell, who made an end of Archbishop Ussher's Biblical estimate of the age of the earth as 4004 B.C. plus A.D. The treatises of the Ricardian economists on the Law of Diminishing Return, which was only the Manchester School's version of the giraffe and the trees, were all very fiercely discussed when Darwin was a young man.
The effect of the Whig finance, inaugurated by Gladstone in 1853, accompanied by a rigid application of the Ricardian theories of political economy, and the continuous narrowing of the basis of indirect taxation, told against Ireland most severely, depleted her resources and retarded her progress.
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