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Preface

Published online by Cambridge University Press:  01 June 2011

John Dunn
Affiliation:
University of Cambridge
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Summary

What is “political economy”? The term was coined early in the seventeenth century by Antoine de Montchrétien (a now largely forgotten dramatist) to explain to the French king how the management of a family household could serve as a good model for the management of the polity. His once influential Traicté de l'oeconomie politique (1615) inaugurated a tradition of urging rulers and legislators to become “economists,” to base policy on the assumption that among the first aims of government were the proper understanding and management of a market economy just in the process of emerging. (Adam Smith's Wealth of Nations [1776] was, among other things, the masterwork in that tradition.) Today the study of political economy is sometimes defined – more clearly, if less ambitiously – as an attempt to link the subject matter of political science with the methods and theories of neoclassical economics. But that definition is misleadingly narrow. Indeed, the concept of political economy that the contributors to this volume address describes a broad field of inquiry in which historians and philosophers, as well as economists and political scientists, now make contributions of shared and equal interest. It is arguable, too, that their interdisciplinary research and theorizing represent a recovery and replenishment of political economy as it first emerged in early modern Western thought – namely, an inquiry distinctively concerned with the conduct, institutions, and values of market societies, but always ready to borrow from history, jurisprudence, moral philosophy, and political theory.

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Publisher: Cambridge University Press
Print publication year: 1990

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  • Preface
  • Edited by John Dunn, University of Cambridge
  • Book: The Economic Limits to Modern Politics
  • Online publication: 01 June 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511559174.001
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  • Preface
  • Edited by John Dunn, University of Cambridge
  • Book: The Economic Limits to Modern Politics
  • Online publication: 01 June 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511559174.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Preface
  • Edited by John Dunn, University of Cambridge
  • Book: The Economic Limits to Modern Politics
  • Online publication: 01 June 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511559174.001
Available formats
×