A/moral Economics

A/moral Economics

Author: Claudia C. Klaver

Publisher: Ohio State University Press

Published: 2003

Total Pages: 264

ISBN-13: 9780814209448

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A/Moral Economics is an interdisciplinary historical study that examines the ways which social "science" of economics emerged through the discourse of the literary, namely the dominant moral and fictional narrative genres of early and mid-Victorian England. In particular, this book argues that the classical economic theory of early-nineteenth-century England gained its broad cultural authority not directly, through the well- known texts of such canonical economic theorists as David Ricardo, but indirectly through the narratives constructed by Ricardo's popularizers John Ramsey McCulloch and Harriet Martineau. By reexamining the rhetorical and institutional contexts of classical political economy in the nineteenth century, A/Moral Economics repositions the popular writings of both supporters and detractors of political economy as central to early political economists' bids for a cultural voice. The now marginalized economic writings of McCulloch, Martineau, Henry Mayhew, and John Ruskin, as well as the texts of Charles Dickens and J. S. Mill, must be read as constituting in part the entities they have been read as merely criticizing. It is this repressed moral logic that resurfaces in a range of textual contradictions--not only in the writings of Ricardo's supporters, but, ironically, in those of his critics as well.


The Body Economic

The Body Economic

Author: Catherine Gallagher

Publisher: Princeton University Press

Published: 2009-01-10

Total Pages: 222

ISBN-13: 1400826845

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The Body Economic revises the intellectual history of nineteenth-century Britain by demonstrating that political economists and the writers who often presented themselves as their literary antagonists actually held most of their basic social assumptions in common. Catherine Gallagher demonstrates that political economists and their Romantic and early-Victorian critics jointly relocated the idea of value from the realm of transcendent spirituality to that of organic "life," making human sensations--especially pleasure and pain--the sources and signs of that value. Classical political economy, this book shows, was not a mechanical ideology but a form of nineteenth-century organicism, which put the body and its feelings at the center of its theories, and neoclassical economics built itself even more self-consciously on physiological premises. The Body Economic explains how these shared views of life, death, and sensation helped shape and were modified by the two most important Victorian novelists: Charles Dickens and George Eliot. It reveals how political economists interacted crucially with the life sciences of the nineteenth century--especially with psychophysiology and anthropology--producing the intellectual world that nurtured not only George Eliot's realism but also turn-of-the-century literary modernism.


A Tale of Two Capitalisms

A Tale of Two Capitalisms

Author: Supritha Rajan

Publisher: University of Michigan Press

Published: 2015-03-30

Total Pages: 363

ISBN-13: 0472052551

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An interdisciplinary examination of nineteenth-century British capitalism, its architects, and its critics


From Political Economy to Economics through Nineteenth-Century Literature

From Political Economy to Economics through Nineteenth-Century Literature

Author: Elaine Hadley

Publisher: Springer Nature

Published: 2019-09-26

Total Pages: 289

ISBN-13: 3030241580

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Focusing on the transition from political economy to economics, this volume seeks to restore social content to economic abstractions through readings of nineteenth-century British and American literature. The essays gathered here, by new as well as established scholars of literature and economics, link important nineteenth-century texts and histories with present-day issues such as exploitation, income inequality, globalization, energy consumption, property ownership and rent, human capital, corporate power, and environmental degradation. Organized according to key concepts for future research, the collection has a clear interdisciplinary, humanities approach and international reach. These diverse essays will interest students and scholars in literature, history, political science, economics, sociology, law, and cultural studies, in addition to readers generally interested in the Victorian period.


Capital in the Nineteenth Century

Capital in the Nineteenth Century

Author: Robert E. Gallman

Publisher: University of Chicago Press

Published: 2020-02-26

Total Pages: 401

ISBN-13: 022663311X

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When we think about history, we often think about people, events, ideas, and revolutions, but what about the numbers? What do the data tell us about what was, what is, and how things changed over time? Economist Robert E. Gallman (1926–98) gathered extensive data on US capital stock and created a legacy that has, until now, been difficult for researchers to access and appraise in its entirety. Gallman measured American capital stock from a range of perspectives, viewing it as the accumulation of income saved and invested, and as an input into the production process. He used the level and change in the capital stock as proxy measures for long-run economic performance. Analyzing data in this way from the end of the US colonial period to the turn of the twentieth century, Gallman placed our knowledge of the long nineteenth century—the period during which the United States began to experience per capita income growth and became a global economic leader—on a strong empirical foundation. Gallman’s research was painstaking and his analysis meticulous, but he did not publish the material backing to his findings in his lifetime. Here Paul W. Rhode completes this project, giving permanence to a great economist’s insights and craftsmanship. Gallman’s data speak to the role of capital in the economy, which lies at the heart of many of the most pressing issues today.


Genres of the Credit Economy

Genres of the Credit Economy

Author: Mary Poovey

Publisher: University of Chicago Press

Published: 2008-04

Total Pages: 523

ISBN-13: 0226675327

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Banking, borrowing, investing, and even losing money - in other words, participating in the modern financial system - seem like routine activities of everyday life. This book looks at how this came to be the case by examining the history of financial instruments and representations of finance in 18th and 19th century Britain.


After Adam Smith

After Adam Smith

Author: Murray Milgate

Publisher: Princeton University Press

Published: 2011-10-16

Total Pages: 318

ISBN-13: 0691152349

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'After Adam Smith' looks at how politics & political economy were articulated & altered in the century following the publication of Smith's 'Wealth of Nations'.


Strategic Factors in Nineteenth Century American Economic History

Strategic Factors in Nineteenth Century American Economic History

Author: Claudia Goldin

Publisher: University of Chicago Press

Published: 1992-04-15

Total Pages: 502

ISBN-13: 9780226301129

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Offering new research on strategic factors in the development of the nineteenth century American economy—labor, capital, and political structure—the contributors to this volume employ a methodology innovated by Robert W. Fogel, one of the leading pioneers of the "new economic history." Fogel's work is distinguished by the application of economic theory and large-scale quantitative evidence to long-standing historical questions. These sixteen essays reveal, by example, the continuing vitality of Fogel's approach. The authors use an astonishing variety of data, including genealogies, the U.S. federal population census manuscripts, manumission and probate records, firm accounts, farmers' account books, and slave narratives, to address collectively market integration and its impact on the lives of Americans. The evolution of markets in agricultural and manufacturing labor is considered first; that concerning capital and credit follows. The demography of free and slave populations is the subject of the third section, and the final group of papers examines the extra-market institutions of governments and unions.


Globalization and History

Globalization and History

Author: Kevin H. O'Rourke

Publisher: MIT Press

Published: 2001-01-26

Total Pages: 364

ISBN-13: 9780262650595

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Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914—the first great globalization boom, which anticipated the experience of the last fifty years. Globalization is not a new phenomenon, nor is it irreversible. In Gobalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914—the first great globalization boom, which anticipated the experience of the last fifty years. The authors estimate the extent of globalization and its impact on the participating countries, and discuss the political reactions that it provoked. The book's originality lies in its application of the tools of open-economy economics to this critical historical period—differentiating it from most previous work, which has been based on closed-economy or single-sector models. The authors also keep a close eye on globalization debates of the 1990s, using history to inform the present and vice versa. The book brings together research conducted by the authors over the past decade—work that has profoundly influenced how economic history is now written and that has found audiences in economics and history, as well as in the popular press.


The Making of a Market

The Making of a Market

Author: Juliette Levy

Publisher: Penn State Press

Published: 2012-01-01

Total Pages: 176

ISBN-13: 0271052147

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During the nineteenth century, Yucat&án moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucat&án and its economy grew in response to increasing demand from the United States for henequen, the local cordage fiber. This henequen boom has often been seen as another regional and historical example of overdependence on foreign markets and extortionary local elites. In The Making of a Market, Juliette Levy argues instead that local social and economic dynamics are the root of the region&’s development. She shows how credit markets contributed to the boom before banks (and bank crises) existed and how people borrowed before the creation of institutions designed specifically to lend. As the intermediaries in this lending process, notaries became unwitting catalysts of Yucat&án&’s capitalist transformation. By focusing attention on the notaries&’ role in structuring the mortgage market rather than on formal institutions such as banks, this study challenges the easy compartmentalization of local and global relationships and of economic and social relationships.