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.

Andreas Anter reconstructs Max Weber's fragmentary theory of the modern state showing its relationship to contemporary theories and its significance for today's political science. The book consists of six chapters: The first analyses Weber's concept of the state, the second relates the theory of the state to the sociology of rule and domination, the third and fourth discuss Weber's hermeneutics and his doctrine of value-judgements, the fifth deals with the history of the modern state, and the final chapter focuses on Weber's metaphor of the state as 'machine'. Anter reveals the ambivalence of Weber's political thought: the oscillation between an etatiste position, mainly oriented to the reason of state, and an individualistic one, focussed on the freedom of individuals. He shows how much worse off we would be without Weber's theory, not at least by indicating its impact upon later authors.

Unavailable in an decent, affordable edition for many years Weber is one of the most important social scientists of the last two centuries and responsible for extremely important theories such as the 'protestant ethic' His work is taught in sociology departments around the world General Economic History is his major work on the history of capitalism and stands in a line of incredibly distinguished other big books on capitalism, such as Adam Smith's The Wealth of Nations and Marx's Capital, to whom Weber is often compared This Routledge Classics edition includes a new Introduction by Keith Tribe Weber's Conceptual Preface appears here for the first time in English, translated by Keith Tribe

The volume re-examines ideas of change and movements for change in early modern Europe without presuming that "progressive" change was the outcome of "reforms" The current historical literature speaks generally of military, fiscal, administrative, judicial, agrarian and other state reforms in early modern Europe with less emphasis on economics The book enjoys major crossover to our world class list in the History of Economic Thought

First published in 1987. The legal and political writings of the German Social Democrats Kirchheimer and Neumann, from the period prior to the National Socialist seizure of power, are little known to English readers. This volume presents a selection of important essays from this period, which focus on the prospects for the constitutional realization of a social democratic order in the first German Republic - the Weimar Republic, created out of the collapse of the monarchy in 1918, and destroyed by the National Socialists in 1933. Both Kirchheimer and Neumann were active as lawyers in the later 1920s and early 1930s, the latter especially having a close connection with trade union legislation and labour law. From their viewpoint as Social Democrats and lawyers they present incisive analyses of the problems confronted by the attempt to realize the ideal of a social Rechtsstaat in a political environment increasingly dominated by forces on left and right which saw constitutional order only as a means to seize power, and not as a legitimate form of order in itself. In these circumstances, political issues translated into constitutional issues, and thus could be analysed in terms of the aims and objectives of a given constitutional order. A substantial introduction by the volume's editor, Keith Tribe, presents the political and theoretical background to these essays, which range over questions of industrial democracy, political representation, parliamentary rule and the role of judicial review. These issues are once more on the political agenda of Western industrial democracies, and the analyses of Kirchheimer and Neumann have lost none of their force and relevance, despite the catastrophic 'failure' of Weimar democracy in 1933.

Ancient and Modern Democracy is a comprehensive account of Athenian democracy as a subject of criticism, admiration and scholarly debate for 2,500 years, covering the features of Athenian democracy, its importance for the English, American and French revolutions and for the debates on democracy and political liberty from the nineteenth century to the present. Discussions were always in the context of contemporary constitutional problems. Time and again they made a connection with a long-established tradition, involving both dialogue with ancient sources and with earlier phases of the reception of Antiquity. They refer either to a common cultural legacy or to specific national traditions; they often involve a mixture of political and scholarly arguments. This book elucidates the complexity of considering and constructing systems of popular self-rule.

First published in 1987. The legal and political writings of the German Social Democrats Kirchheimer and Neumann, from the period prior to the National Socialist seizure of power, are little known to English readers. This volume presents a selection of important essays from this period, which focus on the prospects for the constitutional realization of a social democratic order in the first German Republic - the Weimar Republic, created out of the collapse of the monarchy in 1918, and destroyed by the National Socialists in 1933. Both Kirchheimer and Neumann were active as lawyers in the later 1920s and early 1930s, the latter especially having a close connection with trade union legislation and labour law. From their viewpoint as Social Democrats and lawyers they present incisive analyses of the problems confronted by the attempt to realize the ideal of a social Rechtsstaat in a political environment increasingly dominated by forces on left and right which saw constitutional order only as a means to seize power, and not as a legitimate form of order in itself. In these circumstances, political issues translated into constitutional issues, and thus could be analysed in terms of the aims and objectives of a given constitutional order. A substantial introduction by the volume's editor, Keith Tribe, presents the political and theoretical background to these essays, which range over questions of industrial democracy, political representation, parliamentary rule and the role of judicial review. These issues are once more on the political agenda of Western industrial democracies, and the analyses of Kirchheimer and Neumann have lost none of their force and relevance, despite the catastrophic 'failure' of Weimar democracy in 1933.

This book provides an overview of two hundred years of German economic thought from the Steetswissenschaften of the eighteenth century to National Socialism and the Social Market. Whereas Classical Economics emphasized value, distribution and production, German economic thought had a long-running tradition of human need and the varying conditions for order. By taking this latter perspective, the usual contrast of market and planning approaches to economic organization is subsumed by an approach that focuses on the construction of order in economic processes.

Why did political economy become pre-eminent in the emergence and development of the social sciences? From a relatively early stage in its development political economy was accepted as a legitimate, if minor, part of a general liberal education. However, economic science did not become firmly rooted in the academic curriculum of the modern English university until after the first world war.The Market for Political Economy argues that whilst it is commonly assumed that the complexities of a modern industrial economy would require a greater number of trained economists, the actual demand amongst employers remained low. The book traces the development of the teaching of political economy in the second half of the nineteenth century.

The first book that acknowledges cameralism as a European rather than just a German historical phenomenon. This book discusses the impact of cameralism on the practices of governance, early modern state-building and economy in seventeenth- and eighteenth-century Europe. It argues that the cameralist conception of state and economy - aform of 'science' of government dedicated to reforming society while promoting economic development, and often associated mainly with Prussia - had significant impact far beyond Germany and Austria. In fact, its influence spread into Denmark, Sweden, Russia, Portugal, Northern Italy and other parts of Europe. In this volume, an international set of experts discusses administrative practices and policies in relation to population, forestry, proto-industry,trade, mining affairs, education, police regulation, and insurance. The book will appeal to early modernists, economic historians and historians of economic thought. MARTEN SEPPEL is Associate Professor of Early ModernHistory at the University of Tartu, Estonia. He holds an MPhil from the University of Cambridge. KEITH TRIBE has a PhD from the University of Cambridge and taught at the University of Keele (UK) from 1976 to 2002, retiring as Reader in Economics. He is now working as a highly regarded professional translator and independent scholar. Forthcoming work includes a new translation of Max Weber, Economy and Society Part One (Harvard University Press, 2018). His publications include Strategies of Economic Order (CUP, 1995/2007); The Economy of the Word. Language, History, and Economics (OUP, 2015); and (edited with Pat Hudson) The Contradictions of Capital in the Twenty-First Century (Agenda, 2016). Contributors: ROGER BARTLETT, ALEXANDRE MENDES CUNHA, HANS FRAMBACH, GUILLAUME GARNER, LARS MAGNUSSON, INGRID MARKUSSEN, FRANK OBERHOLZNER, GOERAN RYDEN, MARTEN SEPPEL, KEITH TRIBE, PAUL WARDE

It is only during the 20th century that it has become possible to pursue a career as an economist. The dramatic expansion of higher education and the growing numbers of economists in public service and in the private sector has created a demand for a thoroughly professional economics. In this text, 14 economists describe their early introduction to the study of economics and their contribution to the development of academic economics in Britain. With experience covering a period stretching from the mid 1920s to the late 1960s, many of the contributors not only provide an insight into the role of university disciplines in the education system but describe their experience in wartime administration, or as government advisers. In addition to the 14 economists, Richard Lipsey, the founding vice-chancellor of Essex University describes the inspiration and planning behind the creation of one of the most successful of the post-war universities.

Why did political economy become pre-eminent in the emergence and development of the social sciences? From a relatively early stage in its development, political economy was accepted as a legitimate, if minor, part of a general liberal education. However, economic science did not become firmly rooted in the academic curriculum of the modern English university until after World War I. The author argues that whilst it is commonly assumed that the complexities of a modern industrial economy would require a greater number of trained economists, the actual demand amongst employers remained low. The text traces the development of the teaching of political economy in the second half of the 19th century, paying particular attention to the extension movement, the impact of the civic universities and to Marshall's work in establishing the economics tripos at Cambridge.

This highly illuminating book marks a significant stage in our growing understanding of how the development of national traditions of economic thought has been affected by both internal and external factors. The expert contributors set an explicit agenda for the study of the dissemination of economic ideas across four centuries, acknowledging that the history of dissemination is also a history of the flux of economic beliefs, rendering any generalisation difficult, if not impossible. Topics explored include systems of political economy, European and American interactions, the diffusion of economic ideas in South-Eastern Europe and beyond, and the exchange of ideas between Japan and the rest of the world. This book will prove a fascinating and stimulating read for scholars and researchers in the field of economics generally, and more specifically in heterodox economics, the history of economic thought and economic theory.

Andreas Anter reconstructs Max Weber's theory of the modern state, showing its significance to contemporary political science. He reveals the ambivalence of Weber's political thought: the oscillation between an etatiste position, mainly oriented to the reason of state, and an individualistic one, focussed on the freedom of individuals

Modernity in the late eighteenth century transformed all domains of European life -intellectual, industrial, and social. Not least affected was the experience of time itself: ever-accelerating change left people with briefer intervals of time in which to gather new experiences and adapt. In this provocative and erudite book Reinhart Koselleck, a distinguished philosopher of history, explores the concept of historical time by posing the question: what kind of experience is opened up by the emergence of modernity? Relying on an extraordinary array of witnesses and texts from politicians, philosophers, theologians, and poets to Renaissance paintings and the dreams of German citizens during the Third Reich, Koselleck shows that, with the advent of modernity, the past and the future became 'relocated' in relation to each other.The promises of modernity -freedom, progress, infinite human improvement -produced a world accelerating toward an unknown and unknowable future within which awaited the possibility of achieving utopian fulfillment. History, Koselleck asserts, emerged in this crucial moment as a new temporality providing distinctly new ways of assimilating experience. In the present context of globalization and its resulting crises, the modern world once again faces a crisis in aligning the experience of past and present. To realize that each present was once an imagined future may help us once again place ourselves within a temporality organized by human thought and humane ends as much as by the contingencies of uncontrolled events.

Unavailable in an decent, affordable edition for many years Weber is one of the most important social scientists of the last two centuries and responsible for extremely important theories such as the 'protestant ethic' His work is taught in sociology departments around the world General Economic History is his major work on the history of capitalism and stands in a line of incredibly distinguished other big books on capitalism, such as Adam Smith's The Wealth of Nations and Marx's Capital, to whom Weber is often compared This Routledge Classics edition includes a new Introduction by Keith Tribe Weber's Conceptual Preface appears here for the first time in English, translated by Keith Tribe

When Istvan Hont died in 2013, the world lost a giant of intellectual history. A leader of the Cambridge School of Political Thought, Hont argued passionately for a global-historical approach to political ideas. To better understand the development of liberalism, he looked not only to the works of great thinkers but also to their reception and use amid revolution and interstate competition. His innovative program of study culminated in the landmark 2005 book Jealousy of Trade, which explores the birth of economic nationalism and other social effects of expanding eighteenth-century markets. Markets, Morals, Politics brings together a celebrated cast of Hont's contemporaries to assess his influence, ideas, and methods. Richard Tuck, John Pocock, John Dunn, Raymond Geuss, Gareth Stedman Jones, Michael Sonenscher, John Robertson, Keith Tribe, Pasquale Pasquino, and Peter N. Miller contribute original essays on themes Hont treated with penetrating insight: the politics of commerce, debt, and luxury; the morality of markets; and economic limits on state power. The authors delve into questions about the relationship between states and markets, politics and economics, through examinations of key Enlightenment and pre-Enlightenment figures in context-Hobbes, Rousseau, Spinoza, and many others. The contributors also add depth to Hont's lifelong, if sometimes veiled, engagement with Marx. The result is a work of interpretation that does justice to Hont's influence while developing its own provocative and illuminating arguments. Markets, Morals, Politics will be a valuable companion to readers of Hont and anyone concerned with political economy and the history of ideas.

The definitive new translation of Max Weber's classic work of social theory-arguably the most important book by the foremost social theorist of the twentieth century. Max Weber's Economy and Society is the foundational text for the social sciences of the twentieth and twenty-first centuries, presenting a framework for understanding the relations among individual action, social action, economic action, and economic institutions. It also provides a classification of political forms based upon "systems of rule" and "rulership" that has shaped debate about the nature and role of charisma, tradition, legal authority, and bureaucracy. Keith Tribe's major new translation presents Economy and Society as it stood when Weber died in June 1920, with three complete chapters and a fragment of a fourth. One of the English-speaking world's leading experts on Weber's thought, Tribe has produced a uniquely clear and faithful translation that balances accuracy with readability. He adds to this a substantial introduction and commentary that reflect the new Weber scholarship of the past few decades. This new edition will become the definitive translation of one of the few indisputably great intellectual works of the past 150 years.

emile Durkheim's work has traditionally been viewed as a part of sociology removed from economics. Rectifying this perception, "Durkheim and the Birth of Economic Sociology" is the first book to provide an in-depth look at the contributions made to economic sociology by Durkheim and his followers. Philippe Steiner demonstrates the relevance of economic factors to sociology and shows how the Durkheimians inform today's economic systems.

Steiner argues that there are two stages in Durkheim's approach to the economy--a sociological critique of political economy and a sociology of economic knowledge. In his early works, Durkheim critiques economists and their categories, and tries to analyze the division of labor from a social rather than economic perspective. From the mid-1890s onward, Durkheim's preoccupations shifted to questions of religion and the sociology of knowledge. Durkheim's disciples, such as Maurice Halbwachs and Francois Simiand, synthesized and elaborated on Durkheim's first-stage arguments, while his ideas on religion and the economy were taken up by Marcel Mauss. Steiner indicates that the ways in which the Durkheimians rooted the sociology of economic knowledge in the educational system allows for an invaluable perspective on the role of economics in modern society, similar to the perspective offered by Max Weber's work.

Recognizing the power of the Durkheimian approach, "Durkheim and the Birth of Economic Sociology" assesses the effect of this important thinker and his successors on one of the most active fields in contemporary sociology."

The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspective, Balancing the Banks draws critical lessons from the causes of the crisis and proposes important regulatory reforms, including sound guidelines for the ways in which distressed banks might be dealt with in the future. While some recent policy moves go in the right direction, others, the book argues, are not sufficient to prevent another crisis. The authors show the necessity of an adaptive prudential regulatory system that can better address financial innovation. Stressing the numerous and complex challenges faced by politicians, finance professionals, and regulators, and calling for reinforced international coordination (for example, in the treatment of distressed banks), the authors put forth a number of principles to deal with issues regarding the economic incentives of financial institutions, the impact of economic shocks, and the role of political constraints. Offering a global perspective, Balancing the Banks should be read by anyone concerned with solving the current crisis and preventing another such calamity in the future.

This volume of essays builds upon renewed interest in the long-run global development of wealth and inequality stimulated by the publication of Thomas Piketty's Capital in the Twenty-First Century. It brings together an international team of leading economic historians and economists to provide an overview of global developments in the theory and reality of inequality and its salience in the modern world order. The contributors take stock of the key concepts involved in contemporary debates capital, wealth and income distribution, economic development, private and collective assets, financialization, global liberalisation and evaluate the evidence for both common and contrasting historical trends in national statistical data sources. To the developed economies upon which Piketty drew are added contributions covering Latin America, Africa, India and Japan, providing a global perspective upon a global phenomenon. The book seeks to provide readers with a deeper awareness and understanding of the significance of inequality in economic development, the varying pace and nature of economic change around the world, and the manner in which this process of change affects the distribution of incomes and wealth in diverse economies. The collection marks an important step in the process of developing Piketty's analytical framework and empirical material, overcoming some of their limitations and helping to cement a lasting place for inequality in the future agenda of economics and economic history.

The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspective, "Balancing the Banks" draws critical lessons from the causes of the crisis and proposes important regulatory reforms, including sound guidelines for the ways in which distressed banks might be dealt with in the future.

While some recent policy moves go in the right direction, others, the book argues, are not sufficient to prevent another crisis. The authors show the necessity of an "adaptive" prudential regulatory system that can better address financial innovation. Stressing the numerous and complex challenges faced by politicians, finance professionals, and regulators, and calling for reinforced international coordination (for example, in the treatment of distressed banks), the authors put forth a number of principles to deal with issues regarding the economic incentives of financial institutions, the impact of economic shocks, and the role of political constraints.

Offering a global perspective, "Balancing the Banks" should be read by anyone concerned with solving the current crisis and preventing another such calamity in the future.

As a broad introduction to the history of economic thought - based on courses the authors have taught for many years - this book provides a magisterial overview for students and teachers who have not had the opportunity to cover the development of the field of economics in its historical context. The text is presented as a series of twenty-four lectures, which can be used as the basis for self-study or for the delivery of a course. Each lecture presents an outline of aims, a select bibliography, a chronology, an overview of between 3,000 and 4,000 words, and questions for further study or reflection. Contemporary understanding of economic principles sheds little light on the manner in which past thinkers thought, so the reader is provided with the much-needed context behind the development of ideas, as well as being guided through the original writings of economists such as Smith, Jevons, Marshall, Robbins, Keynes and others. The emphasis is on the broad developing stream of economic argument from the seventeenth century to the present, seeking to emphasize a diversity that is sometimes suppressed in more conventional textbooks, which tend to organize their histories into sequences of schools of thought. Backhouse and Tribe bring their considerable insight and knowledge to bear on the text, having honed their presentation to the needs of those with no previous background in the subject, without sacrificing analysis or rigour. The book will be warmly welcomed by students and teachers alike.