Quotes by John Ramsay McCulloch
1789 – 1864
John Ramsay McCulloch (1789-1864) was the leader of the Ricardian school following the death of David Ricardo. He was a pioneer in the collection of economic statistics and was the first professor of political economy at the University of London in 1828. [The image comes from “The Warren J. Samuels Portrait Collection at Duke University.”]
Free Trade
John Ramsay McCulloch argues that smuggling is “wholly the result of vicious commercial and financial legislation” and that it could be ended immediately by abolishing this legislation (1899)
Property Rights
McCulloch argues that the right to property extends to “the faculties of (one’s) mind and the powers of (one’s) body” (1864)