A boldly revisionist history of the first disputes in nineteenth-century Britain over the role of economists in society Economics now so dominates our understanding of how the world works that some of the field's most influential concepts seem akin to natural laws. Yet economists themselves are a relatively recent species of intellectual, first emerging in the late eighteenth and early nineteenth centuries. And like
the economists of our own era, the pioneering work of the early economists was decidedly a product of its time. Before Method and Models looks back to the first disputes in nineteenth-century
Britain over the role of economists in society to explain how the broader historical and intellectual context has always shaped the field. Ryan Walter's boldly revisionist history focuses on Thomas Robert Malthus and David Ricardo, both of whom were attacked for producing a type of knowledge that was perceived to be dangerous to society. Rather than simply assuming that "classical political economy" always existed, Walter recovers the historical circumstances that actually shaped the
development of their methods and concepts. The book delves into the major political controversies of the time - the Bullion Controversy and the Corn Laws debate - and the arguments that Malthus and Ricardo
advanced in order to shape the outcome. By examining the hostile responses of Malthus and Ricardo's contemporaries, the book shows how the major challenge facing the first economists was to legitimize the activity of theorizing and then reforming economic life. In a time when debate about commerce and politics was conducted without our modern methods and models, Malthus and Ricardo fought for the creation of the new field of political economy and a role for their work at
the center of politics. Walter's reconstruction of the era reveals an exceedingly sophisticated debate regarding the costs and benefits of reforming both institutions and laws through the new science of
political economy.
A boldly revisionist history of the first disputes in nineteenth-century Britain over the role of economists in society Economics now so dominates our understanding of how the world works that some of the field's most influential concepts seem akin to natural laws. Yet economists themselves are a relatively recent species of intellectual, first emerging in the late eighteenth and early nineteenth centuries. And like
the economists of our own era, the pioneering work of the early economists was decidedly a product of its time. Before Method and Models looks back to the first disputes in nineteenth-century
Britain over the role of economists in society to explain how the broader historical and intellectual context has always shaped the field. Ryan Walter's boldly revisionist history focuses on Thomas Robert Malthus and David Ricardo, both of whom were attacked for producing a type of knowledge that was perceived to be dangerous to society. Rather than simply assuming that "classical political economy" always existed, Walter recovers the historical circumstances that actually shaped the
development of their methods and concepts. The book delves into the major political controversies of the time - the Bullion Controversy and the Corn Laws debate - and the arguments that Malthus and Ricardo
advanced in order to shape the outcome. By examining the hostile responses of Malthus and Ricardo's contemporaries, the book shows how the major challenge facing the first economists was to legitimize the activity of theorizing and then reforming economic life. In a time when debate about commerce and politics was conducted without our modern methods and models, Malthus and Ricardo fought for the creation of the new field of political economy and a role for their work at
the center of politics. Walter's reconstruction of the era reveals an exceedingly sophisticated debate regarding the costs and benefits of reforming both institutions and laws through the new science of
political economy.
Conventions
Introduction
Chapter 1: The Debate over Theory Before Malthus and Ricardo:
Burke, Mackintosh, and Stewart
PART II: Political Economy and Parliamentary Reasoning
Chapter 2: The Vocabulary of Theory and Practice in the Bullion
Controversy, 1797-1811
Chapter 3: The Corn Laws and Free Trade Casuistry, 1813-15
PART III: The Greater Stakes of Doctrinal Contest
Chapter 4: Doctrinal Contest I: Value
Chapter 5: Doctrinal Contest II: Rent
Chapter 6: Doctrinal Contest III: Profits
Conclusion: A New Past
Bibliography
Ryan Walter is Associate Professor in the School of Politics and International Studies at University of Queensland.
Walter's book valuably draws attention to the deep ethical concern
surrounding the production of theoretical knowledge
*Jon Cooper, Oeconomia*
The book illustrates the displacement of the subfield of the
history of economics from economics proper to intellectual
history-a development already noted in 1969 by Alexander
Gerschenkron, who wrote: "The Department of Physics at Harvard has
completely eliminated history of physics from its curriculum; such
history has been shifted to an independent History of Science
Department. By contrast, in the Department of Political Science,
history of political thought is still the daily bread of the
discipline. Today's economics finds itself between those extremes,
but certainly not in the middle. We are getting closer and closer
to physics"
*Alain Alcouffe, Journal of Modern History *
In sum, while I have some reservations, they should not detract
from what is undoubtedlya major scholarly contribution that fully
deserves the serious attention of historians ofeconomics. Ryan
Walter's book is both a valuable resource and a salutary antidote
topseudo-"histories" that have appeared in recent decades.
*Terry Peach, The European Journal of the History of
EconomicThought*
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