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This volume offers a snapshot of the resurgent historiography of
political economy in the wake of the ongoing global financial
crisis, and suggests fruitful new agendas for research on the
political-economic nexus as it has developed in the Western world
since the end of the Middle Ages. New Perspectives on the History
of Political Economy brings together a select group of young and
established scholars from a wide variety of disciplinary
backgrounds-history, economics, law, and political science-in an
effort to begin a re-conceptualization of the origins and history
of political economy through a variety of still largely distinct
but complementary historical approaches-legal and intellectual,
literary and philosophical, political and economic-and from a
variety of related perspectives: debt and state finance, tariffs
and tax policy, the encouragement and discouragement of trade,
merchant communities and companies, smuggling and illicit trades,
mercantile and colonial systems, economic cultures, and the history
of economic doctrines more narrowly construed. The first decade of
the twenty-first century, bookended by 9/11 and a global financial
crisis, witnessed the clamorous and urgent return of both 'the
political' and 'the economic' to historiographical debates. It is
becoming more important than ever to rethink the historical role of
politics (and, indeed, of government) in business, economic
production, distribution, and exchange. The artefacts of pre-modern
and modern political economy, from the fourteenth through the
twentieth centuries, remain monuments of perennial importance for
understanding how human beings grappled with and overcame material
hardship, organized their political and economic communities, won
great wealth and lost it, conquered and were conquered. The present
volume, assembling some of the brightest lights in the field,
eloquently testifies to the rich and powerful lessons to be had
from such a historical understanding of political economy and of
power in an economic age.
A revised edition of Kaplan's landmark historiographical text on
eighteenth-century French political economy, featuring a
significant new introduction by the author.Steven L. Kaplan is the
Goldwin Smith Professor of European History at Cornell University
and Visiting Professor of Modern History at the University of
Versailles, Saint-Quentin.
Written by one of Italy's leading historians, this book analyses
the context and legacy of Gaetano Filangieri's seven-volume
'Science of Legislation'. This study engages with the unique
history of Enlightenment Naples, the intellectual traditions upon
which Filangieri drew, and the powerful repercussions of the
American Revolution in eighteenth-century Italy to re-draw the map
of Enlightenment republicanism and the early history of human
rights and their political economy.
Although no less an authority than Joseph A. Schumpeter proclaimed
that Antonio Serra was the world's first economist, he remains
something of a dark horse of economic historiography. 'A 'Short
Treatise' on the Wealth and Poverty of Nations' presents, for the
first time, an English translation of Serra's 'Breve Trattato'
(1613), one of the most famous tracts in the history of political
economy. The treatise is accompanied by Sophus A. Reinert's
illuminating introduction which explores its historical context,
reception, and relevance for current concerns.
This volume offers a snapshot of the resurgent historiography of
political economy in the wake of the ongoing global financial
crisis, and suggests fruitful new agendas for research on the
political-economic nexus as it has developed in the Western world
since the end of the Middle Ages. New Perspectives on the History
of Political Economy brings together a select group of young and
established scholars from a wide variety of disciplinary
backgrounds-history, economics, law, and political science-in an
effort to begin a re-conceptualization of the origins and history
of political economy through a variety of still largely distinct
but complementary historical approaches-legal and intellectual,
literary and philosophical, political and economic-and from a
variety of related perspectives: debt and state finance, tariffs
and tax policy, the encouragement and discouragement of trade,
merchant communities and companies, smuggling and illicit trades,
mercantile and colonial systems, economic cultures, and the history
of economic doctrines more narrowly construed. The first decade of
the twenty-first century, bookended by 9/11 and a global financial
crisis, witnessed the clamorous and urgent return of both 'the
political' and 'the economic' to historiographical debates. It is
becoming more important than ever to rethink the historical role of
politics (and, indeed, of government) in business, economic
production, distribution, and exchange. The artefacts of pre-modern
and modern political economy, from the fourteenth through the
twentieth centuries, remain monuments of perennial importance for
understanding how human beings grappled with and overcame material
hardship, organized their political and economic communities, won
great wealth and lost it, conquered and were conquered. The present
volume, assembling some of the brightest lights in the field,
eloquently testifies to the rich and powerful lessons to be had
from such a historical understanding of political economy and of
power in an economic age.
The terms "capitalism" and "socialism" continue to haunt our
political and economic imaginations, but we rarely consider their
interconnected early history. Even the eighteenth century had its
"socialists," but unlike those of the nineteenth, they
paradoxically sought to make the world safe for "capitalists." The
word "socialists" was first used in Northern Italy as a term of
contempt for the political economists and legal reformers Pietro
Verri and Cesare Beccaria, author of the epochal On Crimes and
Punishments. Yet the views and concerns of these first socialists,
developed inside a pugnacious intellectual coterie dubbed the
Academy of Fisticuffs, differ dramatically from those of the
socialists that followed. Sophus Reinert turns to Milan in the late
1700s to recover the Academy's ideas and the policies they
informed. At the core of their preoccupations lay the often lethal
tension among states, markets, and human welfare in an era when the
three were becoming increasingly intertwined. What distinguished
these thinkers was their articulation of a secular basis for social
organization, rooted in commerce, and their insistence that
political economy trumped theology as the underpinning for peace
and prosperity within and among nations. Reinert argues that the
Italian Enlightenment, no less than the Scottish, was central to
the emergence of political economy and the project of creating
market societies. By reconstructing ideas in their historical
contexts, he addresses motivations and contingencies at the very
foundations of modernity.
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.
Historians have traditionally used the discourses of free trade
and "laissez faire" to explain the development of political economy
during the Enlightenment. But from Sophus Reinert s perspective,
eighteenth-century political economy can be understood only in the
context of the often brutal imperial rivalries then unfolding in
Europe and its former colonies and the positive consequences of
active economic policy. The idea of economic emulation was the
prism through which philosophers, ministers, reformers, and even
merchants thought about economics, as well as industrial policy and
reform, in the early modern period. With the rise of the British
Empire, European powers and others sought to selectively emulate
the British model.
In mapping the general history of economic translations between
1500 and 1849, and particularly tracing the successive translations
of the Bristol merchant John Cary s seminal 1695 "Essay on the
State of England, " Reinert makes a compelling case for the way
that England s aggressively nationalist policies, especially
extensive tariffs and other intrusive market interventions, were
adopted in France, Italy, Germany, and Scandinavia before providing
the blueprint for independence in the New World. Relatively
forgotten today, Cary s work served as the basis for an
international move toward using political economy as the prime tool
of policymaking and industrial expansion.
Reinert s work challenges previous narratives about the origins
of political economy and invites the current generation of
economists to reexamine the foundations, and future, of their
discipline.
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