Nassau William Senior (1790-1864) - economist, critical essayist
and government adviser - was a highly original classical economist
in the era between Ricardo's Principles of 1817 and Mill's
Principles of 1848. He was the first Professor of Political Economy
at Oxford, and in his published works he made original
contributions to the theory of value, rent, population, money, and
international trade. Senior was an active proponent of
laissez-faire. Although Senior did not achieve the originality and
influence of the leading economists of the classical school -
Smith, Ricardo, and Malthus - he did make an enduring contribution
on the development of economics. John Stuart Mill took much effort
to respond to Senior. "The question to be answered today is exactly
the same as is expounded in Senior's lectures on the Transmission
of the Precious Metals from Country to Country." - Ludwig von Mises
in the Economic Journal, September, 1933
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