UCL Department of Economics


Isaac Newton (1642 - 1727)

Not known for his contributions to economic theory, though one of the greatest scientists ever, was the Warden/Master of the Mint (from 1696 until his death), Isaac Newton. Needless to say, that his invention of differentiation was not just a milestone for physics, but proved to be indispensable for the development of (mathematical) economics too.

After his years in Trinity College (Cambridge) Newton lived at various London addresses, with a blue plaque at 87 Jermyn Street, Westminster. He is buried in Westminster Abbey, not far from the grave of another world famous scientist, viz. Charles Darwin (1809-1882), whose evolution theory inspired his cousin Francis Galton to study heredity which induced him to establish empirical bivariate statistical research methods, i.e. regression.