Richard Price, a British author, born at Tynton, Glamorganshire, Feb. 23, 1723, died in London, March 19, 1791. He was the son of a dissenting Calvinistic minister, and studied at a dissenting academy. In 1743 he became a domestic chaplain at Stoke-Newington, in which office he remained 13 years. The death of his uncle left him a small fortune, and he married in 1757, and the next year became morning preacher in Newington Green chapel. He was afterward appointed pastor of the Gravelpit meeting, Hackney, and afternoon preacher at Newington Green, both of which offices he held till a short time before his death. His " Review of the Principal Questions and Difficulties in Morals" (1758) is an attempt to found moral obligation on intellectual instead of sentimental tests. In 1769 he published a treatise on reversionary payments, which resulted in their dissolution or modification; the seventh edition appeared in 1812. His " Appeal on the Subject of the National Debt" (1772) is said to have been the foundation of Pitt's sinking fund scheme. Of his " Observations on Civil Liberty and the Justice and Policy of the War with America " (1776) 60,000 copies were soon distributed.
For this work he received the thanks of the corporation of London and the freedom of the city, and in 1778 the American congress invited him to become a citizen of the United States, and to aid them in managing their finances, promising him a liberal remuneration if he should remove to America. In 1783 he received the degree of LL. D. from Yale college. He wrote various other works on religion, ethics, politics, and finance. His biography was written by his nephew William Morgan, D. D. (London, 1815).