James Steuart (economist)

James Steuart (economist)

Sir James Steuart, 3rd Baronet of Goodtrees and eventually 7th Baronet of Coltness; late in life Sir James Steuart Denham, also called Sir James Denham Steuart (21 October 1713, Edinburgh – 26 November 1780, Coltness, Lanarkshire) was a prominent Jacobite, who wrote one of the first noteworthy books in English about economics. He assumed the surname of Denham late in life; he inherited his cousin's baronetcy of Coltness in 1773.

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    There can be no difference anywhere that doesn’t make a difference elsewhere—no difference in abstract truth that doesn’t express itself in a difference in concrete fact and in conduct consequent upon that fact, imposed on somebody, somehow, somewhere, and somewhen.
    —William James (1842–1910)