The New Palgrave Dictionary of Economics, 2011, 5.
Cambridge, fluxions, Keynes, Mandeville, Paley, and population
The whole of Paley's contribution to economics is contained in a single chapter of Moral and Political Philosophy (1785). The object of ‘rational politics’ is to maximize ‘happiness’, and Paley argued that this is achieved by maximizing population. Population is determined by the total supply of ‘provisions’ produced by the agricultural sector. The demand (and hence supply) for ‘provisions’ and for ‘luxuries’ are reciprocally determined. As in Mandeville, the taste for ‘luxuries’ stimulates production. But it also acts in the opposite direction because it deters population. Paley explicitly recognised the optimization problem and was the first economist to do so.
Fortune. 9/6/1999, Vol. 140 Issue 5, p226-228. 3p. 2 Color Photographs, 2 Black and White Photographs.
Features three nominees for the 1999 `Fortune' Businessman of the Century award. Profiles of nominees William Paley of CBS, Henry Luce of Time Inc., and David Sarnoff of RCA; Contributions made by William Randolph Hearst of Hearst Newspapers, Rupert Murdoch of News Corp. and Ted Turner of Time Warner.
New Blackfriars. Apr2016, Vol. 97 Issue 1069, p266-288. 23p.
DESIGN and TELEOLOGY
The article presents the views of philosopher Thomist Edward Feser on some common objections to philisopher William Paley's argument from design. Topics discussed include Saint Thomas Aquinas Aristotelian conception of teleology differentiates the proof from the non-Aristotelian 'design arguments' of Paley, and God's existence being compatible and very similar.