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Adopting a view of utilitarian ethics in which motivation in the public interest takes on greater weight than is generally appreciated, this book explores the extent to which the philosophy of Immanuel Kant is consistent with this nuanced version of utilitarianism. Kant's requirement that full ethical merit needs an agent to act purely 'from duty' to forward 'the universal end of happiness' rather than from a personal inclination to achieve that end clearly distinguishes his position from the version of utilitarian ethics adopted here. But this book also demonstrates, by reference to his formal ethical works and his lectures on ethics and anthropology, Kant's approval of a secondary category of conduct - conduct 'in conformity with' duty - entailing other-regarding or 'sympathetic' motivation to advance general happiness, differing from the utilitarian position only in its meriting a qualified degree of ethical credit. After comparing Kant with eighteenth-century utilitarian writers from Locke to Smith, and also with Bentham and Malthus, the book evaluates reactions to Kant by J.S. Mill and Karl Marx and proposes Michel de Montaigne (1533-1592) as a 'precursor' for maintaining a 'Kantian' doctrine of conduct 'from duty' and for other shared features. In terms of public policy, the work demonstrates Kant's justification of poor relief and reduced inequality, his proposal for a state education plan and his opposition to paternalism. This book provides essential reading for academic specialists and students concerned with the interface of political economy and ethics, as well as the history of economic thought, history of political thought and intellectual history.
Presents an account and technical assessment of Marx's economic analysis in Capital, with particular reference to the transformation and the surplus-value doctrine, the reproduction schemes, the falling real-wage and profit rates, and the trade cycle. The focus is on criticisms that Marx himself might have been expected to face in his day and age. In addition, it offers a chronological study of the evolution of that analysis from the early 1840s through three 'drafts': documents of the late 1840s, the Grundrisse of 1857-1858, and the Economic Manuscripts of 1861-1863. It also provides three studies in application, focusing on Marx's 'evolutionary' orientation in his evaluation of the transition to communism and his rejection of 'egalitarianism' under both capitalist and communist regimes; his evolving perspective on the role of the industrial 'entrepreneur'; and his evolving appreciation of the prospects for welfare reform within capitalism.
In this landmark volume, Samuel Hollander presents a fresh and compelling history of moral philosophy from Locke to John Stuart Mill, showing that a 'moral sense' can actually be considered compatible with utilitarianism. The book also explores the link between utilitarianism and distributive justice. Hollander engages in close textual exegesis of the works relating to individual authors, while never losing sight of the intellectual relationships between them. Tying together the greatest of the British moral philosophers, this volume reveals an unexpected unity of eighteenth and nineteenth century ethical doctrine at both the individual and social level. Essential reading for advanced students and researchers of the history of economic thought, political economy, history of ethics, history of political thought and intellectual history.
Samuel Hollander is widely recognized as one of the most important
and controversial historians of economic thought. This second
volume collects together essays extending beyond classical
economics, the subject with which he is most associated. This
collection includes:
John Stuart Mill: Political Economist is a revised version of the part of Samuel Hollander's The Economics of John Stuart Mill (1985) treating the theory of economic policy. In this book, Professor Hollander offers a critical yet sympathetic analysis of Mill's quest to accomplish thorough reform of capitalism in the interest of distributive justice while protecting the security of property and contemplating the potential evolution of capitalism into cooperative organization. Part I of the book serves as an introduction to the investigation of Mill's theory of economic policy; Parts II and III include Mill's primary policy recommendations; while Part IV adds a substantial 'Overview and Evaluation' reviewing the author's main conclusions. A major concern is Mill's perception of the composition of the 'greatest number' whose interests are to be considered by policy-makers; here arises his attitude towards British Imperialism. The author then undertakes thematic comparisons between the positions of Mill and those of Smith, Ricardo, Malthus, Marx and Bernstein; and closes with a rejection of the celebrated criticism of Mill's 'liberalism' by Friedrich Hayek.
Samuel Hollander's work has been provoking debate for over four decades. This book brings together key contributions of recent years, in addition to some brand new pieces. The essays are introduced by a Preface in which Hollander reflects on his past work and reactions to it. Highlights include two issues of particular current relevance. Conspicuous is an extensive chapter regarding Adam Smith's often neglected arguments for government intervention in the economy to correct market failures, and his critical view of the business class as an anti-social force. Important economists considered in relation to Adam Smith's position on the role of the state include Jeremy Bentham and the Scottish-Canadian John Rae. Similarly of high present-day interest is a re-examination of Karl Marx's theory of exploitation, or the notion of profits as "embezzlement," demonstrating Marx's effective abandonment of this perspective in the case of the small active businessman as distinct from the major joint-stock corporation. Other papers demonstrate the close intellectual relationship between David Ricardo and Thomas Robert Malthus; the extensive common ground between the British school and the French under the leadership of Jean-Baptiste Say; the failure of a so-called anti-Ricardian opposition in Britain represented by Samuel Bailey; and the denial of a sharp discontinuity between "classical" and later "neo-classical" economics. Finally, several biographical essays are included as well as an extension of the autobiographical account appearing in Collected Essays II.
This book, the third in the series of Samuel Hollander's essays, covers twelve key studies on the economic theory and method of John Stuart Mill. This volume provides an accessible sourcebook on Mill's relationship with David Ricardo, and the 'Classical School', as well as confirming his relevance for modern economics and for the place of economics within the social sciences.
Samuel Hollander's work has been provoking debate for over four decades. This book brings together key contributions of recent years, in addition to some brand new pieces. The essays are introduced by a Preface in which Hollander reflects on his past work and reactions to it. Highlights include two issues of particular current relevance. Conspicuous is an extensive chapter regarding Adam Smith's often neglected arguments for government intervention in the economy to correct market failures, and his critical view of the business class as an anti-social force. Important economists considered in relation to Adam Smith's position on the role of the state include Jeremy Bentham and the Scottish-Canadian John Rae. Similarly of high present-day interest is a re-examination of Karl Marx's theory of exploitation, or the notion of profits as "embezzlement," demonstrating Marx's effective abandonment of this perspective in the case of the small active businessman as distinct from the major joint-stock corporation. Other papers demonstrate the close intellectual relationship between David Ricardo and Thomas Robert Malthus; the extensive common ground between the British school and the French under the leadership of Jean-Baptiste Say; the failure of a so-called anti-Ricardian opposition in Britain represented by Samuel Bailey; and the denial of a sharp discontinuity between "classical" and later "neo-classical" economics. Finally, several biographical essays are included as well as an extension of the autobiographical account appearing in Collected Essays II.
This book explores the perceived paradigmatic conflict within British classical economics between the so called 'Ricardo School' and the contemporary French Economics of Jean-Baptiste Say. Samuel Hollander provides the reader with extensive evidence, utilizing all editions of Say's main texts and his lesser-known writings in order to demonstrate his adherence to much of Ricardian theory. This intriguing book focuses on selected doctorinal issues and surrounding debates, and will interest all serious historians of economic thought, finding a place on the bookshelves of many economists across the world.
The recent economic crisis in the United States has highlighted a crisis of understanding. In this volume, Bradley C. S. Watson and Joseph Postell bring together some of America's most eminent thinkers on political economy an increasingly overlooked field wherein political ideas and economic theories mutually inform each other. Only through a restoration of political economy can we reconnect economics to the human good. Economics as a discipline deals with the production and distribution of goods and services. Yet the study of economics can-indeed must be employed in our striving for the best possible political order and way of life. Economic thinkers and political actors need once again to consider how the Constitution and basic principles of our government might give direction and discipline to our thinking about economic theories, and to the economic policies we choose to implement. The contributors are experts in economic history, and the history of economic ideas. They address basic themes of political economy, theoretical and practical: from the relationship between natural law and economics, to how our Founding Fathers approached economics, to questions of banking and monetary policy. Their insights will serve as trusty guides to future generations, as well as to our own."
This book explores the perceived paradigmatic conflict within
British classical economics between the so called "Ricardo School"
and the contemporary French Economics of Jean-Baptiste Say.
Samuel Hollander is widely recognized as one of the most important
and controversial historians of economic thought. This second
volume collects together essays extending beyond classical
economics, the subject with which he is most associated. This
collection includes:
This volume contains 21 of Hollander's papers on the economics of David Ricardo. They explicate and defend against criticism emanating from conventional marginalists and Neo-Ricardians. The study perceives of pricing in terms of a theory of the co-ordination of decentralized economic activities which entails the interaction of product and factor markets; market processes are seen as dictating the secular paths of the wage and profit rate subject to the scarcity of land. The volume includes essays on: Sraffa's famous rational reconstruction of the early Ricardo in terms of the corn profit model; responses to the reviewers of The Economics of David Ricardo; detailed analyses of Ricardian micro and macro theory; and discussion of Ricardo's reception by his contemporaries providing further evidence of the so-called continuity thesis.
Samuel Hollander's interpretation of Ricardo has attracted apoplectic responses from both Right and Left. This volume collects together the material needed to evaluate these responses. His basic position - that Ricardo stands in a continuous analytical line leading from Adam Smith to Alfred Marshall - is seen to antagonise both those who argue for a 'marginal revolution' and a sharp divide between classical and neo-classical economics, and those who want to champion Ricardo as a forerunner of Sraffa.
This book rejects the commonly encountered perception of Friedrich Engels as perpetuator of a 'tragic deception' of Marx, and the equally persistent body of opinion treating him as 'his master's voice'. Engels' claim to recognition is reinforced by an exceptional contribution in the 1840s to the very foundations of the Marxian enterprise, a contribution entailing not only the 'vision' but some of the building blocks in the working out of that vision. Subsequently, he proved himself to be a sophisticated interpreter of the doctrine of historical materialism and an important contributor in his own right. This volume serves as a companion to Samuel Hollander's The Economics of Karl Marx (Cambridge University Press, 2008).
In this landmark volume, Samuel Hollander presents a fresh and compelling history of moral philosophy from Locke to John Stuart Mill, showing that a 'moral sense' can actually be considered compatible with utilitarianism. The book also explores the link between utilitarianism and distributive justice. Hollander engages in close textual exegesis of the works relating to individual authors, while never losing sight of the intellectual relationships between them. Tying together the greatest of the British moral philosophers, this volume reveals an unexpected unity of eighteenth and nineteenth century ethical doctrine at both the individual and social level. Essential reading for advanced students and researchers of the history of economic thought, political economy, history of ethics, history of political thought and intellectual history.
This book rejects the commonly encountered perception of Friedrich Engels as perpetuator of a 'tragic deception' of Marx, and the equally persistent body of opinion treating him as 'his master's voice'. Engels' claim to recognition is reinforced by an exceptional contribution in the 1840s to the very foundations of the Marxian enterprise, a contribution entailing not only the 'vision' but some of the building blocks in the working out of that vision. Subsequently, he proved himself to be a sophisticated interpreter of the doctrine of historical materialism and an important contributor in his own right. This volume serves as a companion to Samuel Hollander's The Economics of Karl Marx (Cambridge University Press, 2008).
This book presents an account and technical assessment of Marx's economic analysis in Capital, with particular reference to the transformation and the surplus-value doctrine, the reproduction schemes, the falling real-wage and profit rates, and the trade cycle. The focus is on criticisms that Marx himself might have been expected to face in his day and age. In addition, it offers a chronological study of the evolution of that analysis from the early 1840s through three "drafts": documents of the late 1840s, the Grundrisse of 1857-1858, and the Economic Manuscripts of 1861-1863. It also provides three studies in application, focusing on Marx's "evolutionary" orientation in his evaluation of the transition to communism and his rejection of "egalitarianism" under both capitalist and communist regimes; his evolving perspective on the role of the industrial "entrepreneur"; and his evolving appreciation of the prospects for welfare reform within capitalism. Throughout, Hollander emphasizes Marx's relation with orthodox canonical classicism.
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