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Henry Charles Carey (1793–1879)
Carey, Henry Charles. An American economist; born in Philadelphia, Dec. 15, 1793; died there, Oct. 13. 1879. Trained in his father’s publishing-house, he accumulated a competence from the business and retired to devote himself to study. The ‘Essay on the Rate of Wages’ (1836) and ‘The Principles of Political Economy’ (1837–40) won him an authoritative international position, in spite of what was then an extravagantly unorthodox opposition to Adam Smith and his followers. He next produced: ‘The Credit System in France, Great Britain, and the United States’ (1838); ‘The Past, the Present, and the Future’ (1848); and ‘The Principles of Social Science’ (1858–59).