Charles Davenant

Picture of Charles Davenant

Date of Birth: 1656

Age: 58

Place of birth: London

Citizenship: United Kingdom

In the list of `100 great economists to Keynsa`

Charles Davenant, son of the famous poet and playwright, Sir William Davenanta (William D`Avenant), was born in 1656-m, in London (London). William sympathized royalists, survived during political upheavals during the Civil War and the Protectorate of Cromwell (Cromwell) and see how Charles II sat on the throne in 1660-m, which meant the restoration of the monarchy in England. However, Charles` father died in 1668-m.

Son of the poet graduated from high school in 1673-m and manages the affairs of his father`s theater. In 1675 th he received a doctorate in law at Cambridge (Cambridge), was admitted to the Law Society - Doctor`s Commons - and began to engage in civil law.

In 1678-m Davenant was assigned to customs and excise department of the British government, earning about ? 500 per year. In 1683, its revenue increased to the level of 1000 pounds; Two years later Charles was elected to the Parliament by the majority system of elections in St. Ives (St Ives). However, due to the Revolution of 1688-th James II fled to France, and Parliament declared William of Orange new leader.

Once in 1689-m Davenant lost his position in the Customs and Excise Department, in 1692-m, he tried to become inspector of department on work with excise duties, with the support of Godolphin (Godolphin). After the failure of Charles I tried again in 1694-meters - and again failed, probably due to objections from Finance Minister Charles Montague (Charles Montagu).

At the end of 1694, he published goDavenant `Essay on ways and means to supply voyny` (` An Essay on the Ways and Means of supplying the War`), criticizing harmful to trade long-term debt and unfair taxes on the land. In November 1695 the first commissioned by the Lords, he came up with arguments against the party suggestions that the pound should be devalued.

In 1696-m Charles published his next work - with the idea that the trade should be protected, and delivered a sharp accusatory `Essay on public dobrodeteli` (` Essay on Publick Virtue`) against the ruling group of the leading Whigs and support their friends in government, Shrewsbury (Shrewsbury) and Godolphin. Shortly thereafter, Godolphin resigned - and Davenant lost his main support and the chance to obtain public office.

Davenant also published `Essay on trade with Eastern Indiey` (` Essay on the East India Trade`), in which he said that trade with the East Indies improves the trade balance in the UK, refuting all the arguments of protectionists. In 1697-m Davenant presented `Discourse on government revenues and trade Anglii` (Part 1) (` Discourses on the Publick Revenues and on the Trade of England`), which contained serious objections against the long-term borrowings as a way to finance government spending . Also in the work include a statement that the debt incurred in the course of the war, it is necessary to pay off as quickly as possible, because `Higher taxes to service the debt imposes a burden on trade, industry and zemlyu`.

In 1698-m came `Discourse on government revenues and trade Anglii` (Part 2), which was described in the` more robust and comprehensible idea of ??`obschego` shopping balansa`. In the same year Davenant returned to Parliament as the representative of Great Bedwyn (Great Bedwyn); He became associated with the Conservative Party (Tory), at that time occupied the majority of seats in Parliament.

He published in 1701 an essay on th party a serious attack on the foreign policy of William III. In March of the same year Davenant was seen in connection with the French agents, however, it has not been proved that the French government tried to bribe him to defend with the help of their interests and win the support of the intellectual, if England declares war on France. There is no evidence that the `bribe ever been proposed or prinyata`, and still communicate with the French side tarnished the reputation of public and political Charles.

In 1702 th Queen Anne (Queen Anne) came to the throne; Friends Davenanta - Godolphin, Nottingham (Nottingham) and Harley (Harley) - gained power in the coalition government. In September of the same year, Davenant was appointed negotiating committee secretary for unification of Scotland and England. In July 1703rd he was appointed CEO of imports and exports. His essay `peace at home for ivoynu granitsey` ( `His Essays upon Peace at Home and War Abroad`), published in November 1703rd,` `assisted smyagcheniyu` and favoring the anti-party relationship between the queen and Harli`.

This is an essay by Charles angered friends among the Tories, as it actually appeared in the ranks of the opposition at that time, whereas prior to 1702 was the leading advocate of the Conservatives. In 1710-m Godolphin has lost his position, which was reflected in Davenant, jeopardizing his position of general director of import and export. To make amends against the Tories, Davenant wrote a new essay on the current situation, probably feeling that the party will return its former position in Parliament. He also said that while Britain has the burden of `voyny`, the Dutch recovered the benefits of trade with France,

In 1712 th he published two reports on public accounts. Both works contain a large amount of statistical data, continuing the theme that the trade with France could be beneficial for England. These reflections coincide with the arguments of the pamphlet `Behavior soyuznikov` (` Conduct of the Allies`) Jonathan Swift (Jonathan Swift) and helped lay the economic basis for the conclusion of a trade agreement with France.

Charles Davenant died in 1714-m.

According to the historian of economic thought Mark Blaug (Mark Blaug), Davenant entered in the list of `100 great economists to Keynsa` ( `Great Economists Before Keynes`).