The Machinery Question and the Making of Political Economy 1815-1848


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Dr Berg argues that technical change was one of the foremost theoretical concerns of Ricardo and his successors, and the foundation for their distinctly optimistic view of the future. She shows how the Machinery Question fostered the social conditions in which the status of Political Economy as a discipline was established, and concludes that by the 1840s the divisions over machinery were firmly embedded in the great rival creeds of the future, liberalism and socialism.




Letters to Mr. Malthus


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The Pamphleteer


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Pamphleteer


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The Cause of Hard Times


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Population Malthus


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This is a fascinating insight into the work of one of our greatest thinkers. Thomas Robert Malthus (1766–1834) is best remembered today for his theories on the menace of over-population; this first ever full-length biography shows him also in his role as one of the founders of classical political economy, still a controversial figure in the history of economic thought. Based on exhaustive research among contemporary sources, it gives an account of Malthus’s two careers, as an economist and as a professor at the East India College. Patricia James describes how, at the East India College, Malthus was influential in the establishment of an incorruptible Civil Service and the modern system of written examinations, in circumstances which seem almost farcical today. She gives an account of his family and social life, which was full of warmth and variety, with an abundance of ‘characters’ as well as many famous men. People nowadays are inclined to argue in a vacuum whether Malthus is ‘right’ or ‘wrong’ about population outrunning subsistence, and about the adequacy of aggregate demand in a capitalist society. Patricia James shows him in his historical setting, so that the book is a study both of the man and of the age in which he lived. She believes that, paradoxically, if we view Malthus’s works as the period pieces they are, it becomes more and not less easy to see their relevance to our own problems. Although Malthus’s search for basic principles in a changing world was confused and erratic, his ideas are still illuminating to those who prefer investigation and reappraisal to the mere reiteration of dogma. This text was first published in 1975.




Four Central Theories of the Market Economy


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This highly original work offers an intellectual history of four central theories underlying the market economic system, focusing on their conception, evolution, and applications. Four Central Theories of the Market Economy traces the root of the theories, their conception and articulation, as well as their evolutions to the present time. It focuses on the four theories that are generally recognized as fundamental to the discipline of economics: the invisible hand, comparative advantage, the law of markets, and the quantity theory of money. These theories have profoundly influenced the world. Chapters explore their rich intellectual history from classical Greece to today, drawing on the original works of the great economic minds of the classical era and other thinkers who prepared the path for them, as well as those who refined their works or challenged them. This volume will leave the reader with a deep understanding of these pillars of the market economic system in the context of their historical development. This book will be of great interest to all scholars and students of economics who are interested in the intellectual history of their discipline as well as scholars and students of intellectual history who are interested in economics.