'In an age of specialization, Capaldi and Lloyd have recreated that
ancient tool of learning: the conversation. Beginning with the
debate between Locke and Rousseau, and continuing through to
Galbraith, Friedman, Hayek and Piketty, this book invites the
reader to join a conversation which has now lasted over three
centuries. Don't read this book if you just want a simple answer to
complex problems. Do read this book if you want to think deeply and
widely about the fundamental questions of how to organize a
society.' - Jim Hartley, Mount Holyoke College 'Liberty and
Equality in Political Economy takes the reader across a convincing
roadmap of how and why the ongoing conversation between Lockean
Liberty and Rousseau Equality provides an evolutionary explanation
of the development of formal and informal institutions that define
Western Civilization and explain their consequences. This book
should be a must-read for undergraduate and graduate students in
humanities and social sciences.' - Svetozar (Steve) Pejovich, Texas
A&M University Liberty and Equality in Political Economy is an
evolutionary account of the ongoing debate between two narratives:
Locke and liberty versus Rousseau and equality. Within this book,
Nicholas Capaldi and Gordon Lloyd view these authors and their
texts as parts of a conversation, therefore highlighting a new
perspective on the texts themselves. The authors argue that the
debate initiated between Locke and Rousseau continues to define
political economy today. They not only explore the strengths of
each narrative, but also indicate how proponents within each will
respond to their rivals. Other important views in economics and
philosophy, including the works of Immanuel Kant, Georg Wilhelm
Friedrich Hegel, Alexis de Tocqueville, John Stuart Mill, Milton
Friedman, Friedrich Hayek, and Michael Oakeshott, are examined in
conjunction with Locke; the works of the French Revolution,
Proudhon, Marx and Engels, the Progressives, Keynes, Galbraith,
Rawls, and Piketty reflect Rousseau's divergent views. Together
this provides a rich exploration of the philosophical underpinnings
of modern economics and politics. This comprehensive analysis will
be of interest to philosophers, political theorists, and economists
who wish to join the conversation. Graduate and undergraduate
students in political theory, history of economics, political
philosophy, and business ethics courses will also find this book
valuable.
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