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Jevon's Debt to Cairnes: An Unnoticed Review
Published online by Cambridge University Press: 11 June 2009
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1 This came to light in the course of a full length study on the life and work of J.E. Cairnes currently being undertaken by the present authors.Google Scholar
2 Schumpeter, J.A., History of Economic Analysis (New York: Oxford University Press, 1954).Google Scholar
3 Black, R.D.C., Coats, A.W., Craufurd D.W., Goodwin, eds., The Marginal Revolution in Economics: Interpretation and Evolution (Durham, N.C.; Duke University Press, 1973).Google Scholar
4 For a more qualified view of this relationship, specifically with regard to Ireland, see Boylan, T.A. and Foley, T.P., “John Elliot Cairnes, John Stuart Mill and Ireland: Some problems for Political Economy,” Hermathena, No. CXXXV. Winter 1983, pp. 96–119.Google ScholarReprinted in Economists and the Irish Economy, ed. Murphy, A.E. (Dublin: Irish Academic Press, 1984).Google Scholar
5 Black, R.D. Collison, “Jevons and Cairnes,” Economica, 27 (1960), pp. 214–232.CrossRefGoogle Scholar
6 Jevons, W.S., “A Serious Fall in the Value of Gold ascertained, and its Social Effects set forth, with two Diagrams” (London, 1863). Reprinted in Investigations in Currency and Fianance, ed. Foxwell, H.S., (London, 1909).Google Scholar
7 Cairnes to Jevons, 28 05 1863, Black, R.D. Collison, ed. Correspondence 1863–1872, in Papers and Correspondence of William Stanley Jevons, III (London, 1977), p. 16, No. 178.Google Scholar
8 The full correspondence is reproduced in vols. III and IV, Papers and correspondence of William Stanley Jevons, ed Black, R.D. Collison (7 vols; London: MacMillan in association with the Royal Economic Society, 1972–1981).CrossRefGoogle Scholar
9 Cairnes to Jevons, 28 May 1863, Black, Correspondence 1863–1872, p. 16. Cairnes had written a number of papers on the gold question between 1858 and 1860, which included the following: “The Laws according to which a depreciation of the precious metals consequent upon an increase of supply takes place, considered in connection with the recent Gold Discoveries” (read to the British Association, Sept., 1858),Google ScholarJournal of the Dublin Statistical Society, II, Part xii (01, 1859), pp. 236–'69;Google Scholar“Essay towards an experimental solution of the Gold Question,” Fraser's Magazine, LX (09, 1859), 267–78;Google Scholar“Essay Towards a solution of the Gold Question,” Fraser's Magazine, LXI (01, 1860), 38–53;Google ScholarReview of Chevalier's, M., On the Probable Fall in the Value of Gold, The Edinburgh Review, CX11 (07, 1860), 1–33.Google ScholarThese articles were reprinted in Cairnes's Essays in Political Economy. Theoretical and Applied (London, 1873).Google Scholar
10 The Economist, vol. xxi (1863), p. 593, pp. 704–6.Google Scholar
11 Black, “Jevons and Cairnes,” p. 223.Google Scholar
12 See entry in Jevons's Journal for 25 04 1863, Black, R.D. Collison and Rosamond, Konekamp, eds., Biography and Personal Journal, in Papers and Correspondence of William Stanley Jevons, I (London, 1972), p. 191.Google Scholar
13 Mineka, F.E. and Lindley, D.N., ed., The Latters Letters John Stuart Mill 1849–187, in Collected Works, XV (Toronto and London, 1972), pp. 908–9, No. 666.Google ScholarCairnes's review appeared under the title “The Effects of the Gold Discoveries,” National Review, XVII (1863), 447–64.Google Scholar
14 “The Effects of the Gold Discoveries,” p. 457.Google Scholar
15 Ibid., p. 458.
16 See entry in Jevons's notebook for 1863, Black, R.D. Collison, ed., Papers on Political Economy, in Papers and Correspondence of William Stanley Jevons, VII (London, 1986), p. 125.Google Scholar
17 Mineka, F.E. and Lindley, D.N., eds., The Latter Letters of John Stuart Mill 1849–1873, in Collected Works, XV (Toronto and London, 1972), pp. 908–9, No. 666. See also Letter No. 643, 652, 658, 668.Google Scholar