Rediscovering Political Economy
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Rediscovering Political Economy

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Description

In this volume, Bradley C. S. Watson and Joseph Postell bring together some of America's most eminent thinkers on political economy in an attempt to reconnect the discipline of economics to larger discussions about the human good. The book shows how political ideas and economic theories can-and must-inform each other, and is essential reading for anyone interested in politics, economics, history, and culture.show more

Product details

  • Hardback | 272 pages
  • 160.02 x 231.14 x 25.4mm | 1,088.62g
  • Lexington Books
  • Lanham, MD, United States
  • English
  • 073916659X
  • 9780739166598

Review quote

Rediscovering Political Economy provides a useful bridge for 21th Century-trained neoclassical economists and their students to the philosophical, religious, and political underpinnings of economic men-men who are created equal and endowed by their Creator with certain unalienable Rights, among which are: Life, Liberty and the Pursuit of Happiness. -- Richard V. Burkhauser, Sarah Gibson Blanding Professor of Policy Analysis and Management, Cornell University Rediscovering Political Economy is an excellent and diverse collection of ten essays on political economy. Tom West's essay on the economic thought of the Founders and Larry Schweikart's history of banking have particular insight into the interplay between liberty and politics. I recommend this book. -- Burt Folsom, Hillsdale College, and author of FDR Goes to War Rediscovering Political Economy collects papers that not only address the moral/ethical foundations of economic society, but a rethinking of the enterprise of economics and political economy. Economics for most of the 20th century was practiced as a purely technical science that ignored not only its philosophical roots but also the historical details associated with the political, legal, and social institutions within which economic activity takes place. The papers, and the references they provide, reflect the efforts of many scholars to reconnect economics and political economy to the "worldly philosophy" and the historical reality of economic and political life. Rediscovering Political Economy is a welcomed addition to the literature in philosophy, politics, and economics. -- Peter Boettke, George Mason University The collection of essays is best viewed as a road toward the rediscovery of political economy... Rediscovering Political Economy is a useful book for understanding the polity's ongoing demise as well as its prospects for eventual rebirth. -- Timothy J. Barnett Acton Institute PowerBlog Rediscovering Political Economy is a useful book for understanding the polity's ongoing demise as well as its prospects for eventual rebirth. -- Timothy J. Barnett Journal of Markets & Moralityshow more

About Joseph Postell

Joseph Postell is assistant professor of political science at the University of Colorado in Colorado Springs. Bradley C.S. Watson is professor of political science at Saint Vincent College in Pennsylvania, where he holds the Philip M. McKenna Chair in American and Western Political Thought.show more

Table of contents

1 Introduction Part 2 Part I: Theoretical Foundations of Political Economy Chapter 3 Chapter 1: The Moral Basis for Economic Liberty 4 Chapter 2: Restoring Sound Economic Thinking: What Natural Law Taught Us 5 Chapter 3: The Idea of Commerce in Enlightenment Political Thought 6 Chapter 4: Understanding Friedrich Engels (and Marx) and Adam Smith on Economic Organization and the Price Mechanism 7 Chapter 5: Ten (Mostly) Austrian Insights for These Trying Times 8 Part II: Political Economy and American Economic Experience 9 Chapter 6: Promoting the General Welfare: Political Economy for a Free Republic 10 Chapter 7: The Economic Theory of the American Founding 11 Chapter 8: Hamilton and Jefferson: Two Visions of Democratic Capitalism 12 Chapter 9: The Right Kind of Regulation: How the Founders Thought about Regulation 13 Chapter 10: American Banking from Birth to Bust, and All Points in Betweenshow more