After Adam Smith: A Century of Transformation in Politics and Political Economy

Awards:   Winner of David and Elaine Spitz Prize, International Conference for the Study of Political Thought 2011 Winner of International Conference for the Study of Political Thought David and Elaine Spitz Prize 2011 Winner of International Conference for the Study of Political Thought David and Elaine Spitz Prize 2011.
Author:   Murray Milgate ,  Shannon C. Stimson
Publisher:   Princeton University Press
ISBN:  

9780691152349


Pages:   320
Publication Date:   16 October 2011
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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After Adam Smith: A Century of Transformation in Politics and Political Economy


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Awards

  • Winner of David and Elaine Spitz Prize, International Conference for the Study of Political Thought 2011
  • Winner of International Conference for the Study of Political Thought David and Elaine Spitz Prize 2011
  • Winner of International Conference for the Study of Political Thought David and Elaine Spitz Prize 2011.

Overview

Few issues are more central to our present predicaments than the relationship between economics and politics. In the century after Adam Smith's Wealth of Nations the British economy was transformed. After Adam Smith looks at how politics and political economy were articulated and altered. It considers how grand ideas about the connections between individual liberty, free markets, and social and economic justice sometimes attributed to Smith are as much the product of gradual modifications and changes wrought by later writers. Thomas Robert Malthus, David Ricardo, James Mill, John Stuart Mill, and other liberals, radicals, and reformers had a hand in conceptual transformations that culminated in the advent of neoclassical economics. The population problem, the declining importance of agriculture, the consequences of industrialization, the structural characteristics of civil society, the role of the state in economic affairs, and the possible limits to progress were questions that underwent significant readjustments as the thinkers who confronted them in different times and circumstances reworked the framework of ideas advanced by Smith--transforming the dialogue between politics and political economy. By the end of the nineteenth century an industrialized and globalized market economy had firmly established itself. By exploring how questions Smith had originally grappled with were recast as the economy and the principles of political economy altered during the nineteenth century, this book demonstrates that we are as much the heirs of later images of Smith as we are of Smith himself. Many writers helped shape different ways of thinking about economics and politics after Adam Smith. By ignoring their interventions we risk misreading our past--and also misusing it--when thinking about the choices at the interface of economics and politics that confront us today.

Full Product Details

Author:   Murray Milgate ,  Shannon C. Stimson
Publisher:   Princeton University Press
Imprint:   Princeton University Press
Dimensions:   Width: 15.20cm , Height: 2.30cm , Length: 23.50cm
Weight:   0.482kg
ISBN:  

9780691152349


ISBN 10:   0691152349
Pages:   320
Publication Date:   16 October 2011
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.
Language:   English

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Reviews

Milgate and Stimson produce a very careful and detailed analysis of early economists' ideas on issues shaping the modern concept of the political order, in the process displaying a rich array of competing ideas. . . . [T]his book provides a striking perspective on classical political economy. The reader will benefit from some prior familiarity with Smith, Malthus, Ricardo and J. S. Mill, along with the Utilitarians. -- Donald Frey, EH.net


Author Information

Murray Milgate is fellow at Queens' College, University of Cambridge. Shannon C. Stimson is professor of political science and the history of political thought at the University of California, Berkeley.

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