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English 17th C. political arithmetician
Gregory King was a surveyor, mapmaker and herald of Lancaster. King's 1695 survey of taxes and their geographical and demographic distribution in Great Britain include some of the first proper estimates of population in Great Britain. But it is King's 1696 manuscript, Natural and Political Observations, that is justly celebrated. It is a comprehensive examination of family income and expenditure, greatly expanding upon and correcting Petty's original estimates of the income and wealth of the UK. It also contains the comparisons of the statistics with Holland and France.
Gregory King's works remained unpublished until George Chalmers unearthed his 1696 manuscript and published it as an appendix to his own 1802 Estimate of the Comparative Strength of Great Britain. Nonetheless, back in the 1690s, King's friend, Charles D'Avenant. had access to his work and used King's figures throughout his own work. Most famously, D'Avenant credits King for the source of the data on the relationship between price of wheat and defect in the harvest by which D'Avenant.(1699) famously constructs what can be regarded as the first econometric estimation of a demand curve. However, the original source in King's work has not been found and some consider the estimate to be D'Avenant's own. (see King-Davenant Law).
Major Works of Gregory King
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