In which year did William Petty die?
1659
1687
1701
1743
Answer
In 1687, the pioneering economist and statistician Sir William Petty passed away. Recognized as one of the founders of modern economics, Petty's contributions ranged from developing concepts like the "labor theory of value" to pioneering demographic studies and advocating for policy decisions based on statistical data. His lasting impact on economics and statistics continues to shape modern economic thought and practices.
Mastering Mercantilism: The William Petty Challenge
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