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The Two Narratives of Political Economy

Original Material Selected and Edited by Nicholas Capaldi and Gordon Lloyd
Copyright: 2011   |   Status: Published
ISBN: 9780470948293  |  Hardcover  |  
506 pages
Price: $49.95 USD
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One Line Description
Captures in one volume the 17th-19th century origins and developments of political economy by editing original texts and illuminating their relevance for today's political debate.

Audience
The book will be read and used by scholars in the areas of political philosophy, economics, political science, intellectual history, history of ideas, public policy, and those interested in the political economy.

The book will also be used on courses in philosophy, public policy, and political science.

Description
Political economy from the 17th century to the present can be captured in two narratives originating with Locke and Rousseau. Those original narratives were expanded in significant ways in the 18th and 19th centuries, and the editors argue that they still hold sway today.


Edited original writings included in the anthology are from: Locke, Rousseau, Adam Smith, Tocqueville, Mill, Marx, Proudhon, Owen, the Federalist Papers, the French Declaration of the Rights of Man and the Citizen, and the American Constitution. The editors have restricted their comments to the extensive introductions thereby allowing the original participants to speak for themselves. The readings included are intended to be instructive with respect to the origin and development of the two narratives rather than an exhaustive account of how thinkers and writers on economics advance the discipline of economics as a social science.


The objective of this book is to retrieve these two narratives in order to apply the rediscoveries to the contemporary situation. At the heart is the claim that there are two narratives at work both in the normative and empirical sense: the liberty narrative and the equality narrative. Both these narratives are informed by two versions of the enlightenment. Both of these narratives undergo internal intellectual challenges as the enlightenment understanding of physical and human nature are subjected to criticism.


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Reviews
“The editors provide a compelling collection to critically frame the clash of Political Economy which shapes modern democracies. Their selections and introductions expertly paint a picture of the contending schools to suggest how enduring these core challenges remain. By placing these writers within this great debate, the authors guide students to discover the essential questions of liberty, equality, and the proper role of the state at the core of the American economic debate. Scholars and students alike will benefit greatly in reading this book.”
Roberta Q. Herzberg, Utah State University Political Science

“The real service performed by Capaldi and Lloyd is to provide generous excerpts from supporters of both narratives so that the reader can determine for themselves who best makes their case. I recommend this volume highly both to the individual interested in learning about the intellectual and political history of political economy and to the professor in search of a one-volume anthology on political economy for use in a course on economic thought.”
Steven D. Ealy, Senior Fellow, Liberty Fund, Inc.


"The book is both timely and of abiding relevance to anyone who wishes to gain a better understanding of what lies in the past, present, or future of political economy and political philosophy.” Kevin Honeycutt, Sweet Briar College

“The editors have assembled what will be a very useful reader for courses in the history of economic thought, political theory, and social theory writ large. They also frame the debate in terms that should influence scholars who study the development of economic, political, and social institutions. To select, modify, and in some cases translate passages representing some of the central themes in the discussion as it proceeded over the eighteenth and nineteenth centuries represents a significant editorial contribution. In the end, The Two Narratives of Political Economy helps us understand the major themes that have shaped the history and ongoing development of political economy.” Art Carden, Conversations on Philanthropy

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Author / Editor Details
Nicholas Capaldi is Legendre-Soulé Distinguished Chair in Business Ethics at Loyola University, New Orleans. He also serves as Director of the newly created Center for Spiritual Capital. His principal research and teaching interest is in public policy and its intersection with political science, philosophy, law, religion, and economics. He is the author of 7 books, over 80 articles, and editor of six anthologies. His intellectual biography of John Stuart Mill was featured on C-SPAN's BookNotes. He is an internationally recognized scholar and a domestic public policy specialist on such issues as higher education, bioethics, business ethics, affirmative action, and immigration.

Gordon Lloyd is a Professor of Public Policy, School of Public Policy at Pepperdine University. The co-author of three books on the American founding and sole author of The Two Faces of Liberalism, which examines the political economy of the New Deal, Professor Lloyd also has numerous articles, reviews, and opinion-editorials to his credit. He is the creator of three highly regarded websites on the creation and adoption of the Constitution. He has received many teaching, scholarly, and leadership awards including admission to Phi Beta Kappa, and the Howard White Award for Teaching Excellence at Pepperdine University.

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Table of Contents
Editors' Note.
General Introduction.
Part One: The Emergence of Political Economy:
Economic Activity Leaves the Household.
Introduction.
John Locke The Second Treatise.
John Locke A Letter Concerning Toleration.
John Locke Some Considerations of the Lowering.
of Interest and the Raising the Value of Money.
Jean-Jacques Rousseau The Two Discourses.
Jean-Jacques Rousseau A Discourse on Political Economy.
Jean-Jacques Rousseau The Social Contract.
Part Two: The Arrival of Political Economy:Liberty, Property, and Equality.
Introduction.
Adam Smith Wealth of Nations.
Adam Smith The Theory of Moral Sentiments.
The American Founding.
Alexis de Tocqueville Democracy in America.
The French Revolution.
Robert Owen A New View of Society.
Comte de Saint-Simon Nouveau Christianisme.
Friedrich List National System.
P. J. Proudhon The Philosophy of Poverty.
P. J. Proudhon What is Property?
Part Three: The Maturation of the Two Narratives:
The Challenge of Social Economy.
Introduction.
John Stuart Mill The Principles of Political Economy.
John Stuart Mill On Liberty.
John Stuart Mill The Subjection of Women.
Karl Marx and Fredrick Engels The Communist Manifesto.
Karl Marx Das Kapital.
Fredrick Engels Socialism: Utopian and Scientific.
Index.

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BISAC SUBJECT HEADINGS
BUS 023000: Business & Economics: Economic History
POL 010000: Political Science: History & Theory
PHI 019000: Philosophy/Political
 
BIC CODES
KCP: Politcial Economy
JPA: Political Science and Theory
JFCX: History of ideas

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Description
BISAC & BIC Codes
Reviews
Author/Editor Details
Table of Contents
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