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From Oikonomia to Political Economy - Constructing Economic Knowledge from the Renaissance to the Scientific Revolution (Paperback)
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From Oikonomia to Political Economy - Constructing Economic Knowledge from the Renaissance to the Scientific Revolution (Paperback)
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Renaissance Europe witnessed a surge of interest in new scientific
ideas and theories. Whilst the study of this 'Scientific
Revolution' has dramatically shifted our appreciation of many
facets of the early-modern world, remarkably little attention has
been paid to its influence upon one key area; that of economics.
Through an interrogation of the relationship between economic and
scientific developments in early-modern Western Europe, this book
demonstrates how a new economic epistemology appeared that was to
have profound consequences both at the time, and for subsequent
generations. Dr Maifreda argues that the new attention shown by
astronomers, physicians, aristocrats, men of letters, travellers
and merchants for the functioning of economic life and markets,
laid the ground for a radically new discourse that envisioned
'economics' as an independent field of scientific knowledge. By
researching the historical context surrounding this new field of
knowledge, he identifies three key factors that contributed to the
cultural construction of economics. Firstly, Italian Humanism and
Renaissance, which promoted new subjects, methods and quantitative
analysis. Secondly, European overseas expansion, which revealed the
existence of economic cultures previously unknown to Europeans.
Thirdly factor identified is the fifteenth- and sixteenth-century
crisis of traditional epistemologies, which increasingly valued
empirical scientific knowledge over long-held beliefs. Based on a
wide range of published and archival sources, the book illuminates
new economic sensibilities within a range of established and more
novel scientific disciplines (including astronomy, physics,
ethnography, geology, and chemistry/alchemy). By tracing these
developments within the wider social and cultural fields of
everyday commercial life, the study offers a fascinating insight
into the relationship between economic knowledge and science during
the early-modern period.
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