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ROBERT HAMILTON (1743-1829)

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Originally appearing in Volume V12, Page 888 of the 1911 Encyclopedia Britannica.
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ROBERT See also:HAMILTON (1743-1829)  , Scottish economist and mathematician, was See also:born at Pilrig, See also:Edinburgh, on the 11th of See also:June 1743 . His grandfather, See also:William See also:Hamilton, See also:principal of Edinburgh University, had been a See also:professor of divinity . Having completed his See also:education at the university of Edinburgh, where he was distinguished in See also:mathematics, See also:Robert was induced to enter a banking-See also:house in See also:order to acquire a See also:practical knowledge of business, but his ambition was really See also:academic . In 1769 he gave up business pursuits and accepted the rectorship of See also:Perth See also:academy . In 1779 he was presented to the See also:chair of natural See also:philosophy at See also:Aberdeen University . For many years, however, by private arrangement with his colleague Professor See also:Copland, Hamilton taught the class of mathematics . In 1817 he was presented to the latter chair . Hamilton's most important See also:work is the See also:Essay on the See also:National See also:Debt, which appeared in 1813 and was undoubtedly the first to expose the economic fallacies involved in See also:Pitt's policy of a sinking fund . It is still of value . A See also:posthumous See also:volume published in 183o, The Progress of Society, is also of See also:great ability, and is a very effective treatment of economical principles by tracing their natural origin and position in the development of social See also:life . Some See also:minor See also:works of a practical See also:character (Introduction to Merchandise, 1777 ; Essay on See also:War and See also:Peace, 1790) are now forgotten .

End of Article: ROBERT HAMILTON (1743-1829)
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