Identity area
Type of entity
Authorized form of name
Parallel form(s) of name
Standardized form(s) of name according to other rules
Other form(s) of name
Identifiers for corporate bodies
Description area
Dates of existence
History
The Political Economy Club was founded in 1821 to support the principles of free trade. The prime mover for the formation of the society appears to have been Thomas Tooke (1774-1858), economist, perhaps at the instigation of David Ricardo. The first meeting, on 18 April 1821, took place at the house of Swinton Holand, a partner in Baring and Co, and James Mill was given the task of preparing a draft set of rules for consideration. The first full meeting of the Club took place on 30 April at the Freemason's Tavern.
From the beginning, the Club was composed mainly of businessmen, followed by politicans, civil servants and professional economists. Each meeting was to discuss 'some doubt or question on some topic of political economy' and no official record was kept of the discussion. At first the rules of the Club stated that the remarks of the opening and subsequent speakers should not be written down, although later on opening speakers were allowed to circulate a printed synopsis of their argument. Eventually the practise of reading a written paper became the norm.
The Political Economy Club continues to meet to the present day.