Some doctrines of the earlier economists, such as the Wages Fund Theory, are now practically abandoned, though it may be said that they contained a certain amount of truth.
The opinions of present-day economists appear to fluctuate between these two extremes.
Many of its members became famous as engineers, economists, and men of business.
The European ferment of ideas which preceded the French Revolution expressed itself in men like Alfieri, the fierce denouncer of tyrants, Beccaria, the philosopher of criminal jurisprudence, Volta, the physicist, and numerous political economists of Tuscany.
He soon, however, became entirely engrossed with colonial affairs, and, having impressed John Stuart Mill, Colonel Torrens and other leading economists with the value of his ideas, became a leading though not a conspicuous manager of the South Australian Company, by which the colony of South Australia was ultimately founded.