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Collected Works of James Steuart (Hardcover)
Loot Price: R35,512
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Collected Works of James Steuart (Hardcover)
Series: Collected Works
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An important forerunner of Adam Smith, James Steuart's economic
thought largely influenced and anticipated that of Malthus, and is
acknowledged in Marx's "Das Kapital" no less than 13 times.
McCulloch recognized Steuart as the author of "the first English
work which had any pretensions to be considered as a systematic and
complete view of the subject". Yet Steuart's work was almost
totally eclipsed during the domination of classical orthodoxy in
19th century economic theory. Although his major work, "An Inquiry
into the Principles of Political Economy" [1767] was well received,
Adam Smith's "Wealth of Nations", published nine years later,
totally ignored the book and thus greatly weakened Steuart's
reputation as a serious economist. In recent times, however, the
importance and quality of Steuart's contributions on many central
questions of economic theory has been recognized. A comparison with
Smith's analysis of economic policy shows Steuart's thought to be
enriched by his experiences in Europe of a wide and varied range of
economic, social and political conditions.
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