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Aristotle and Hamilton on Commerce and Statesmanship (Hardcover)
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Aristotle and Hamilton on Commerce and Statesmanship (Hardcover)
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Although America's founders may have been inspired by the political
thought of ancient Greece and Rome, the United States is more often
characterized by its devotion to the pursuit of commerce. Michael
Chan reconsiders this view of America through close readings of
Aristotle and Alexander Hamilton, showing that America at its
founding was neither as modern nor as low as we have been led to
believe. Chan first examines Aristotle's views of economics as
presented in the Politics, arguing that Aristotle was not as
hostile to commerce as is commonly believed. He points out the
philosopher's belief in the value of commercial acquisition in the
interest of supplying citizens with the ""equipment of virtue,""
citing Aristotle's praise of commercial Carthage over agrarian but
much-esteemed Sparta. Chan then turns to a detailed account of the
political economy of Hamilton, a proponent of an advanced
industrial republic modeled on Great Britain. While many take
Hamilton's advocacy of public credit, a national bank, and
manufacturing as evidence of his rejection of classical republican
thought in favor of modernity, Chan contends that Hamilton embraced
a classically inspired economic statesmanship that transcended a
concern with merely securing peace and prosperity. Leading the
reader through the complexities of Hamilton's thought, Chan shows
that he intended commerce to pursue the wider classical goals of
forming the character of citizens, establishing harmony and
justice, and pursuing national greatness. By reflecting on Hamilton
in the context of Aristotle's own reflections on commerce, Chan
casts him in a new light that cuts across the ongoing debate about
liberal versus classical republican elements of the American
founding. His cogent analysis also raises important questions
regarding our system as it is being challenged by conflicting
worldviews.
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