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See also:RICHARD See also:PRICE (1723-1791) , See also:English moral and See also:political philosopher, son of a dissenting See also:minister, was See also:born on the 23rd of See also:February 1723, at Tynton, See also:Glamorganshire . He was educated privately and at a dissenting See also:academy in See also:London, and became See also:chaplain and See also:companion to a Mr Streatfield at Stoke Newington . By the See also:death of Mr Streatfield and of an See also:uncle in 1756 his circumstances were considerably improved, and in 1757 he married a See also:Miss Sarah Blundell, originally of Belgrave in See also:Leicestershire . In 1767 he published a See also:volume of sermons, which gained him the acquaintance of See also:Lord Shelburne, an event which had much See also:influence in raising his reputation and determining the See also:character of his subsequent pursuits . It was, however, as a writer on See also:financial and political questions that See also:Price became widely known . In 1769, in a See also:letter to Dr See also:Franklin, he wrote some observations on the expectation of lives, the increase of mankind, and the See also:population of London, which were published in the Philosophical Transactions of that See also:year; in May 1770 he communicated to the Royal Society a See also:paper on the proper method of calculating the values of contingent reversions . The publication of these papers is said to have exercised a beneficial influence in See also:drawing See also:attention to the inadequate calculations on which many See also:insurance and benefit See also:societies had recently been formed . In 1769 Price received the degree of D.D. from the university of See also:Glasgow . In 1771 he published his See also:Appeal to the Public on the Subject of the See also:National See also:Debt (ed . 1772 and 1774) . This pamphlet excited considerable controversy, and is supposed to have influenced See also:Pitt in re-establishing the sinking fund for the extinction of the national debt, which had been created by See also:Walpole in 1716 and abolished in 1733 . The means, however, which Price proposed for the extinction of the debt are described by Lord See also:Overstone as " a sort of See also:hocus-pocus machinery," sup-posed to See also:work " without loss to any one," and consequently unsound .
1 Lord Overstone reprinted in 1857, for private circulation, Price's and other rare tracts on the national debt and the sinking fund
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nothing to See also: (J . M . |
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