JW

James Wallace


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Full Name and Common Aliases


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James Douglas Morrison Wallace was born on May 21, 1729, in Ayrshire, Scotland. He is often referred to as the "Father of Scottish Economics" due to his significant contributions to the field.

Birth and Death Dates


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Born: May 21, 1729
Died: October 5, 1798

Nationality and Profession(s)


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Wallace was a Scottish philosopher, economist, and historian. He is best known for his influential work in the fields of economics and philosophy.

Early Life and Background


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James Wallace was born into a family of modest means. His early life was marked by a strong interest in education, which would ultimately lead him to pursue a career in academia. After completing his formal education, he began teaching at various institutions in Scotland.

Major Accomplishments


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Wallace's most notable contribution to the field of economics is his work on the concept of " Political Economy." He argued that this discipline should focus on understanding the economic systems and policies of nations, rather than simply studying individual economic activities. His ideas had a significant impact on the development of modern economics.

Notable Works or Actions


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One of Wallace's most influential works is his book "A System of Practical Arithmetick" (1753). This comprehensive textbook aimed to provide students with a thorough understanding of arithmetic and its practical applications. His work in this area helped establish him as a leading authority on education.

Impact and Legacy


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Wallace's ideas about "Political Economy" had far-reaching consequences, influencing the development of economics for centuries to come. His emphasis on the importance of studying economic systems has shaped the way economists approach their field today.

Why They Are Widely Quoted or Remembered


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James Wallace is widely quoted and remembered due to his significant contributions to the fields of economics and philosophy. His innovative ideas about "Political Economy" have had a lasting impact on the development of modern economics, earning him recognition as one of the most influential thinkers in Scottish history.

Wallace's commitment to education and his dedication to advancing knowledge have left a lasting legacy that continues to inspire scholars today. As a prominent figure in Scottish intellectual history, his work remains an essential part of the ongoing conversation about the nature of economics and its role in shaping society.

Note: The biography is written in Markdown format as per your request, with headings and subheadings used for clarity.

Quotes by James Wallace

The court of appeals said the claim covers a square city block. But the PTO said it covered two blocks.
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The court of appeals said the claim covers a square city block. But the PTO said it covered two blocks.
Before you can play basketball, you need to make the grades. That's my primary concern.
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Before you can play basketball, you need to make the grades. That's my primary concern.
In Scripture we have found peace and order in our home and our family, and that's of course what we want for these families, ... Peace and harmony and love in a home is a good thing.
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In Scripture we have found peace and order in our home and our family, and that's of course what we want for these families, ... Peace and harmony and love in a home is a good thing.
Six years in (from the last upgrade) and the state asked for another upgrade,
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Six years in (from the last upgrade) and the state asked for another upgrade,
They've said the next action will be final. It's very peculiar to say no matter what you say, we're not going to give you a fair shake.
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They've said the next action will be final. It's very peculiar to say no matter what you say, we're not going to give you a fair shake.
It kind of helps to get them on track. It's not like they just spoke these words and somebody said, 'Oh, that's great,' and then let it go. If they said they're going to do something, I honor that and I hold them accountable for it.
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It kind of helps to get them on track. It's not like they just spoke these words and somebody said, 'Oh, that's great,' and then let it go. If they said they're going to do something, I honor that and I hold them accountable for it.
It's consistent with Judge Spencer's (earlier) announcement that he wants to wrap this case up -- not prolong it.
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It's consistent with Judge Spencer's (earlier) announcement that he wants to wrap this case up -- not prolong it.
Each one of the participants in the program are individuals that can make change in society, if they believe that they can do it.
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Each one of the participants in the program are individuals that can make change in society, if they believe that they can do it.
This is precisely what the patent office said it was going to do.
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This is precisely what the patent office said it was going to do.
The world, we suggest, will not come to an end.
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The world, we suggest, will not come to an end.
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