Abstract

The article presents the economical views of Dudley North and William Petty. At the same time it indicates that the seventeenth-century philosophical ideas – the Method created by Descartes, aiming at constructing a geometrical and mathematical sciences or Hobbes’ philosophy – were an inspiration to the mentioned thinkers, allowing them to develop an innovative science. North’s original economical concept can be compared to the later concepts of liberal economy. Statistics that was created by Petty, basing on the Baconian ideals of sciences, is still one of the bases for development of economic science.