Exploring the Theories of Richard Price: Ethics, Economics, and Enlightenment Thought

Introduction

Richard Price (1723-1791) was a prominent Welsh philosopher, economist, and mathematician whose work significantly contributed to Enlightenment thought. This paper aims to explore Price’s theories, particularly in the realms of ethics and economics, and how they reflect the broader intellectual currents of the Enlightenment. By examining Price’s contributions, this report will elucidate his views on moral philosophy, the nature of value, and the intersections between ethical considerations and economic practices. Price’s work serves as a bridge between traditional moral philosophy and emerging economic theories, thus offering valuable insights into the complexities of human behavior during a transformative period in history.

Main Body

Price’s ethical framework is deeply rooted in the principles of rationalism and utilitarianism, reflecting the Enlightenment’s emphas