Profile Major Works Resources

Langford Lovell Frederick Rice Price, 1862-1950

Langford Lovell Price (or "L.L. Price" as he was best known) was an English economist, straddling the fence between the Marshallian and Historical school. .

L.L. Price was educated at Trinity College, Oxford, receiving a first in classics  in 1885. He was later elected fellow of Oriel College in 1888.

While a student, L.L. Price had come under the influence of Alfred Marshall (then at Oxford) and would remain a protege and friend of Marshall for years to come, despite Price being a historicist by instinct.  Marshall wrote the preface to Price's 1887 book and Price, in turn, reviewed Marshall's Principles favorably.   In his popular 1891 history of economic thought, Price followed the Marshallian line in minimizing the revolutionary impact of the Marginalist Revolution, attributing much of its innovations to J.S. Mill.

In 1895-6, L.L. Price was appointed Newmarch professor of statistics at UCL and, in 1898, an examiner of the moral science tripos at Cambridge.  In 1903-04, L.L. Price became controversially involved in the tariff reform question, crossing Marshall by backing the party of imperial preferences rather than free trade.

 

  

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Major Works of L.L. Price

  • Industrial Peace: Its advantages, methods and difficulties, 1887 [bk]
  • "The Relations Between Industrial Conciliation and Social Reform", 1890, JRSS
  • "The Position and Prospects of Industrial Conciliation", 1890, JRSS
  • A Short History of Political Economy in England, from Adam Smith to Arnold Toynbee, 1891 - extracts
  • "Some Aspects of the Theory of Rent", 1891, EJ
  • West Barbary, or notes on the system of work and wages in the Cornish mines, 1891
  • "Profit-Sharing and Cooperative Production", 1892, EJ
  • "Notes on a Recent Economic Treatise: Review of Marshall's Principles", 1892, EJ
  • "The Recent Depression in Agriculture as Shown in the Accounts of an Oxford College, 1876-90", 1892, JRSS
  • "Adam Smith and His Relation to Recent Economics", 1893, EJ
  • "The Colleges of Oxford and Agricultural Depression", 1895, JRSS
  • Money and its Relation to Prices, being an inquiry into the causes, measurement and effects of changes in general prices, 1896  [bk] [1900 ed]
  • Economic Science and Practice, or essays on various aspects of the relations of economic science to practical affairs, 1896
  • "Industrial Conciliation: A retrospect", 1898, EJ
  • A Short History of English Commerce and Industry, 1900 [bk]
  • "Some Economic Consequences of the South African War", 1900, EJ
  • "Economics and Commercial Education", 1901, EJ
  • "Free Trade and Protection", 1902, EJ
  • "The Economic Prejudice against Tariff Reform", 1903, Fortnightly Rev
  • "The Economic Possibilities of an Imperial Fiscal Policy", 1903, EJ
  • "Economic Theory and Fiscal Policy", 1904, EJ
  • "Review of Pigou's Riddle of the Tariff", 1904, Econ Rev
  • "Review of Smart's Return to Protection", 1904, Econ Rev
  • "The Study of Economic History", 1906, EJ
  • The Present Position and Future Prospects of the Study of Economic History, 1908
  • "Introduction" 1908, in Dearle, Problems of Unemployment in the London Building Trade
  • "The Practical Aspects of Economics", 1909, EJ
  • "English Rural Land Questions", 1911, EJ
  • "The Estates of the Colleges of Oxford and their Management", 1913, JRSS
  • Co-operation and Co-partnership, 1913
  • Editor, Ely and Wicker, Elementary Principles of Economics, 1915
  • "Reconstruction and Monetary Reform", 1922, EJ
  • "Industrial Policy", 1923, EJ

 
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Resources on  L.L. Price

 

 
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