Piercy Ravenstone was a pseudonym used by a nineteenth-century political economist whose work led him to being variously described as a socialist, a tory and as an institutionalist.
Noel W. Thompson, in reviewing Sraffa's case and other evidence, concludes that there is no compelling reason now to contest the identification with Richard Puller the younger (not his father of the same name).
[5] Ravenstone published at least two writings in economic theory, A Few Doubts as to the Correctness of the Opinions generally maintained on the Subjects of Population and Political Economy[3] in 1821, and Thoughts on the Funding System and its Effects, in 1824.
"[3] In an unplaced footnote, Marx quotes Ravenstone as denying that government debt may be a "burden" on future generations.
Henryk Grossman also refers to Ravenstone, along with William Thompson and Thomas Hodgskin, as a thinker who drew out the egalitarian principles implicit in the labor theory of value espoused by William Petty, David Hume, Adam Smith, and David Ricardo, leading to its abandonment by subsequent economists.