Francis Wayland (1796–1865) may have preferred to be remembered as a preacher, educator, or philanthropist, but his book The Elements of Political Economy (1837) shows that he should be remembered as an economist. Wayland’s emphasis on property, capital, and entrepreneurship and his commitment to private action instead of government action make his long-forgotten book worthy of enduring respect.
Download PDF
Laurence M. Vance is the Director of the Francis Wayland Institute.
| Other Independent Review articles by Laurence M. Vance | |
| Winter 2008/09 | Gerrit Smith: A Radical Nineteenth-Century Libertarian |
