The Empire Strikes Back: Adam Smith, John Stuart Mill, and the Robust Political Economy of Empire

2013 ◽  
Author(s):  
Christopher J. Coyne ◽  
Abigail R. Hall
Keyword(s):  
Political Economy ◽  
Adam Smith ◽  
John Stuart Mill ◽  
Robust Political Economy

Capitalism Seemed Like a Good Idea at the Time

2020 ◽  
pp. 19-37
Author(s):  
Daniel Halliday ◽  
John Thrasher
Keyword(s):  
Political Philosophy ◽  
Political Economy ◽  
20Th Century ◽  
Golden Age ◽  
Adam Smith ◽  
Academic Discipline ◽  
John Stuart Mill ◽  
Historical Narrative ◽  
The Way

This chapter seeks to convey the way in which political economy, as an academic discipline, attempts to unify what are now recognized as the distinct disciplines of economics and political philosophy. This will be done largely by way of a historical narrative, one that details the rise of political economy and the authors behind it, such as Adam Smith and John Stuart Mill, before providing some reasons for its decline in the 20th century as academia underwent increased specialization and fragmentation. This will provide some background for appreciating the comeback that political economy is now enjoying, as another golden age is perhaps approaching.

scholarly journals Method and history in classical political economy

2017 ◽  
Author(s):  
Εμμανουήλ Μανιούδης
Keyword(s):  
Political Economy ◽  
Adam Smith ◽  
John Stuart Mill ◽  
Classical Political Economy

H διατριβή επιχειρεί να απαντήσει σε ένα εναργές ερώτημα: με ποιόν τρόπο το ιστορικό, το κοινωνικό και το μεθοδολογικό στοιχείο μπορούν να θεωρηθούν ως οργανικά συστατικά της οικονομικής θεώρησης. Το διακριτικό της γνώρισμα συνίσταται στην εστίαση της στην περίοδο της κλασικής πολιτικής οικονομίας όπου η σχέση μεταξύ θεωρίας, ιστορίας και μεθόδου φθάνει στο απόγειο της. Πιο συγκεκριμένα, επιχειρείται να ανασυσταθούν οι τρόποι μέσω των οποίων οι Adam Smith και John Stuart Mill ενέταξαν το ιστορικό, κοινωνικό και μεθοδολογικό τεκμήριο – σε όλες του τις μορφές- ως έναν επιστημολογικό και μεθοδολογικό πυλώνα οικονομικής ανάλυσης. Η αφήγηση αναπτύσσεται διφυώς. Στο πρώτο μέρος, παρουσιάζεται η σμιθιανή θεωρία για την ιστορία ενώ επιχειρείται, μέσω του Πλούτου των Εθνών, να ανασυσταθούν οι τρόποι με τους οποίους ο Smith χρησιμοποίησε την ιστορία ως αρμό οικονομικής ανάλυσης. Στο δεύτερο μέρος εξετάζεται το έργο του John Stuart Mill ως το ‘κύκνειο άσμα’ της κλασικής περιόδου. Επιπρόσθετα εγγράφεται μια ‘εξαθεματική’ προσέγγιση των τρόπων με τους οποίους ο Mill χρησιμοποίησε το ιστορικό στοιχείο ως σύστοιχη διάσταση της πολιτικής του οικονομίας.

Adam Smith and Rousseau

2018 ◽  
Keyword(s):  
Political Philosophy ◽  
Political Economy ◽  
Adam Smith ◽  
Key Concepts ◽  
History And Literature ◽  
Edinburgh Review

Jean-Jacques Rousseau and Adam Smith are two of the foremost thinkers of the European Enlightenment, thinkers who made seminal contributions to moral and political philosophy and who shaped some of the key concepts of modern political economy. Among Smith’s first published works was a letter to the Edinburgh Review where he discusses Rousseau’s Discourse on the Origin of Inequality. Smith continued to engage with Rousseau’s work and to explore many shared themes such as sympathy, political economy, sentiment, and inequality. This collection brings together an international and interdisciplinary group of Adam Smith and Rousseau scholars to provide an exploration of the key shared concerns of these two great thinkers in politics, philosophy, economics, history, and literature.

Comparative Political Economy

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Political Economy ◽  
Political Institutions ◽  
International Political Economy ◽  
Adam Smith ◽  
Industrial Relations ◽  
Welfare States ◽  
Comparative Political Economy ◽  
Technological Parameters ◽  
Private Debt

This new and comprehensive volume invites the reader on a tour of the exciting subfield of comparative political economy. The book provides an in-depth account of the theoretical debates surrounding different models of capitalism. Tracing the origins of the field back to Adam Smith and the French Physiocrats, the development of the study of models of political-economic governance is laid out and reviewed. Comparative Political Economy (CPE) sets itself apart from International Political Economy (IPE), focusing on domestic economic and political institutions that compose in combination diverse models of political economy. Drawing on evidence from the US, the UK, France, Germany, Sweden, and Japan, the volume affords detailed coverage of the systems of industrial relations, finance, welfare states, and the economic role of the state. There is also a chapter that charts the politics of public and private debt. Much of the focus in CPE has rested on ideas, interests, and institutions, but the subfield ought to take the role of culture more seriously. This book offers suggestions for doing so. It is intended as an introduction to the field for postgraduate students, yet it also offers new insights and fresh inspiration for established scholars. The Varieties of Capitalism approach seems to have reached an impasse, but it could be rejuvenated by exploring the composite elements of different models and what makes them hang together. Rapidly changing technological parameters, new and more recent environmental challenges, demographic change, and immigration will all affect the governance of the various political economy models throughout the OECD. The final section of the book analyses how these impending challenges will reconfigure and threaten to destabilize established national systems of capitalism.

Geschichte des modernen ökonomischen Denkens

2012 ◽  
Author(s):  
Toni Pierenkemper
Keyword(s):  
Karl Marx ◽  
Adam Smith ◽  
John Stuart Mill ◽  
Friedrich List ◽  
John Maynard Keynes ◽  
Milton Friedman ◽  
David Ricardo

Realökonomische Probleme haben zu allen Zeiten die Theorien der Ökonomie und ihrer großen Denker beeinflusst. Wichtige Themen der Ökonomie sind das gesamtwirtschaftliche Wachstum, Verteilungsprobleme, individuelle Nutzenmaximierung, Keynesianismus, Monetarismus – und ganz neue Ansätze wie Evolutorik, Spieltheorie oder Verhaltensökonomie, die ihr Potenzial noch beweisen müssen. Sie verbinden sich in der Moderne mit Namen von Ökonomen wie Adam Smith, Robert Malthus, David Ricardo, John Stuart Mill, Friedrich List, Karl Marx, John Maynard Keynes oder Milton Friedman. Oder die Betrachtung der Ökonomie verdichtet sich in Stichworten wie Marginalanalyse, Historische Schule, Neoklassik, Institutionalismus, Neue-Institutionenökonomik und Monetarismus – neuerdings auch Evolutorik, Verhaltensökonomik oder Spieltheorie. Für alle, die zur Ökonomie gründlich aufbereitetes und grundlegendes Überblickswissen mit Prüfungsrelevanz suchen.

scholarly journals Retrospectives: On the Genius Behind David Ricardo's 1817 Formulation of Comparative Advantage

2018 ◽  
Vol 32 (4) ◽  
pp. 227-240
Author(s):  
Daniel M. Bernhofen ◽  
John C. Brown
Keyword(s):  
Political Economy ◽  
Comparative Advantage ◽  
John Stuart Mill ◽  
Gains From Trade ◽  
200Th Anniversary ◽  
Analytical Results ◽  
Ricardian Model ◽  
Logical Sense

Last year marked the 200th anniversary of Ricardo’s famous “four numbers” paragraph on comparative advantage, which is one of the oldest analytical results in economics. Following the lead of James Mill (1821), these four numbers have been interpreted as unit labor coefficients. This interpretation has provided the basis for the development of the ‘Ricardian model’ from John Stuart Mill (1852) to Eaton and Kortum (2002). However, if we accept the labor unit interpretation of these numbers, Ricardo’s exposition in his 1817 Principles of Political Economy and Taxation makes little logical sense. Building on Sraffa’s (1930) interpretation of Ricardo’s numbers as labor embodied in trade, our discussion reveals the amazing simplicity and generality of Ricardo’s comparative advantage formulation and gains-from-trade logic.

Sign in / Sign up

Export Citation Format

Share Document