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Books > History > History of specific subjects > Economic history
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The Economy of the Word - Language, History, and Economics (Hardcover)
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The Economy of the Word - Language, History, and Economics (Hardcover)
Series: Oxford Studies in History of Economics
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It was only in the sixteenth century that texts began to refer to
the significance of "economic activity"--of sustaining life. This
was not because the ordinary business of life was thought
unimportant, but because the principles governing economic conduct
were thought to be obvious or uncontroversial. The subsequent
development of economic writing thus parallels the development of
capitalism in Western Europe. From the seventeenth to the
twenty-first century there has been a constant shift in content,
audience, and form of argument as the literature of economic
argument developed. This book proposes that to understand the
various forms that economic literature has taken, we need to adopt
a more literary approach in economics specifically, to adopt the
instruments and techniques of philology. This way we can conceive
the history of economic thought to be an on-going work in progress,
rather than the story of the emergence of modern economic thinking.
This approach demands that we pay attention to the construction of
particular texts, showing the work of economic argument in
different contexts. In sum, we need to pay attention to the economy
of the word. l The Economy of the Word is divided into three parts.
The first explains what the term economy has meant from Antiquity
to Modernity, coupling this conceptual history with an examination
of how the idea of national income was turned into a number during
the first half of the twentieth century. The second part is devoted
to Adam Smith's Wealth of Nations, considering first the manner in
which Smith deals with international trade, and then the way in
which the book was read in the course of the nineteenth century.
Part III examines the sources used by Karl Marx and Leon Walras in
developing their economic analysis, drawing attention to their
shared intellectual context in French political economy.
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