ABSTRACT
Philip Henry Wicksteed, the author of the Common Sense of Political Economy and the other works collected in these volumes, was one of the most remarkable intellectual figures of the half-century which has just passed. He was a leading member of the Unitarian ministry. He was one of the foremost medieval scholars of his time. He was an economist of international reputation. Wicksteed's first contribution to theoretical economics was an application of the Jevonian analysis to the criticism of the Marxian theory of value — an article on Das Kapital which appeared in the socialist journal, To-Day, in October 1884. The Common Sense was the last of Wicksteed's books on economics. Wicksteed's place in the history of economic thought is beside the place occupied by Jevons and the Austrians. The closest affinities to the doctrines of the Common Sense are to be found in the work of Mayer, Schönfeld and Rosenstein-Rodan.
