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The Great Britain Guide

Memorials & monuments · London

William Petty

Free admission

William Petty — a memorial in england-london, United Kingdom.

Harry Selfridge once lived here - geograph.org.uk - 8203601

Marathon — CC BY-SA 2.0 via Wikimedia Commons licence

Plan your visit

Typical visit
15 min–45 min
  • Free entry
  • Dog-friendly

About

William Petty is a memorial located in england-london, United Kingdom. Sourced from OpenStreetMap (ODbL licence); see local listings for visitor information, opening hours and admission details.

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From the Wikipedia article

Sir William Petty (26 May 1623 – 16 December 1687) was an English economist, physician, scientist and philosopher. He first became prominent serving Oliver Cromwell and the Commonwealth in Ireland. He developed efficient methods to survey the land that was to be confiscated and given to Cromwell's soldiers. He also remained a significant figure under King Charles II and King James II, as did many others who had served Cromwell. Petty was also a scientist, inventor, and merchant, a charter member of the Royal Society, and briefly a member of the Parliament of England. However, he is best remembered for his theories on economics and his methods of political arithmetic. He was knighted in 1661.

Excerpt from Wikipedia under CC BY-SA 4.0. See the source article linked in Sources below.

Background

Description

On value, Petty continued the debate begun by Aristotle, and chose to develop an input-based theory of value: "all things ought to be valued by two natural Denominations, which is Land and Labour" (p. 44). Both of these would be prime sources of taxable income. Like Richard Cantillon after him, he sought to devise some equation or par between the "mother and father" of output, land and labour, and to express value accordingly. He still included general productivity, one's "art and industry". He applied his theory of value to rent. The natural rent of a land was the excess of what a labourer produces on it in a year over what he ate himself and traded for necessities. It was therefore the…

Sourced from Wikipedia under CC BY-SA 4.0.

Coordinates
51.5083, -0.1450
District
Westminster
Parish
Westminster, unparished area
Postcode
W1J 6DY
Parliamentary constituency
Cities of London and Westminster
Official site
imitatemodern.com

Sources

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Frequently asked questions

Where is William Petty?
William Petty is in London, United Kingdom (postcode W1J 6DY), in the parish of Westminster, unparished area.
Is William Petty free to visit?
Yes, William Petty is free to enter.
How do I get to William Petty?
Drivers can navigate to postcode W1J 6DY. It sits within the Cities of London and Westminster parliamentary constituency.