Born 23 February 1723, at Tyn-ton, Llangeinor, Glamorganshire, son of Rees and Catherine Price. He was educated at Pen-twyn (Samuel Jones), Chance-field (Vavasor Griffiths), Moorfields (John Eames), and held pastorates at Newington and Hackney; he was a Presbyterian and an Arian.
When only 35, he published Review of the Principal Questions in Morals, 1758, anticipating the essential ethical doctrines of Kant. Annuity calculations led to F.R.S. (1765), and Reversionary Payments, 1771, with his 'Northampton Tables,' 1780, placed actuarial valuation for assurance and pensions on a scientific basis, William Morgan, his nephew, being trained by him. Four Dissertations, 1767, brought him a D.D. from Aberdeen (1767). Appeal … on the National Debt, 1772, urged the re-establishment of the Sinking Fund, which Pitt, seeking and receiving his advice (1786), did.
Promoting liberty everywhere, he championed religious toleration and parliamentary reform at home, supporting the Irish Volunteers and the Scottish Burgh reformers. He defended and advised the American Colonies; five months before the Declaration of Independence, Civil Liberty, 1776, with its political philosophy derived from his moral philosophy, lifted the American question from precedents and charters to the high ground of moral right, and had an enormous circulation; honours followed - the freedom of London (1776), a remarkable invitation from Congress to regulate the States' finances (1778), and Yale's LL.D. in sole company with Washington (1781); before the States framed their Constitution (1787) appeared his pamphlet of advice, Importance of the American Revolution, 1784, which, approvingly noted by leading Americans, almost certainly influenced the Constitution. Both pamphlets advocated the federal principle. Disclaiming republicanism for Britain, he welcomed the French Revolution (in its first stage) in Love for our Country , 1789, calling forth Burke's Reflections, 1790, but supported by Paine's Rights of Man, 1791.
Price's numerous friends and correspondents included Shelburne, Priestley, Hume, Adam Smith, Condorcet, Mirabeau, Turgot, Franklin, Jefferson, and Washington. He died 19 April 1791.
Richard Price's father. Son of Rees Price, Betws, he was educated at Bryn-llywarch, succeeded (1697-1739) Samuel Jones, both as pastor, at Cildeudy, Bridgend, and Betws, and as tutor, at Tyn-ton. He was maternal uncle and testamentary guardian of Ann Maddocks (formerly Thomas, the 'Maid of Cefnydfa'), and signed her marriage settlement (1725).
Richard Price's uncle, younger brother of Rees Price, educated at Brynllywarch and Attercliffe, became the colleague and faithful friend of Isaac Watts, as assistant (1703-13), and co-pastor (1713-48), and then succeeded him. He assisted in his nephew's education, befriended Welsh churches and ministers, and published sermons.
Published date: 1959
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