Barbon was a fascinating character, who made a fortune in rebuilding London. He also wrote economics tracts which support a subjective theory of value
On Mon, Nov 19, 2001 at 11:59:00PM +0000, Chris Burford wrote: > > > http://www.irmi.com/expert/articles/klein002.asp > > > Another historical gem, this time from the "International Risk Management > Institute" again courtesy of Google. > > This is the comment on the author of Marx's second footnote in Capital, and > links up with Michael's point about fire insurance: > > >Cromwell's parliament had been nicknamed "the Barebone's Parliament," due > >to a particularly notorious member, Isaac Praise-God Barebone. Praise-God > >Barebone was a deeply religious preacher, and he named his son Hath Christ > >Not Died for Thee Thou Wouldst Be Damned Barebone. The son later changed > >his name to Nicholas Barbon. > > > >By the time of the Great Fire, Nicholas Barbon, M.D., was a successful > >doctor but was already starting to make a name for himself as a prolific > >writer and economist. He got involved in the reconstruction of London. ..... > > > >In the year following the fire, 1667, Dr. Barbon was instrumental in > >forming the first actual insurance company. It was known as "The Insurance > >Office" and was located in a small office behind London's Royal Exchange > >(stock market). > > > Chris Burford > > > > > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
