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Before Method and Models
The Political Economy of Malthus and Ricardo (Oxford Studies in the History of Economics)

Rating
Format
Hardback, 272 pages
Published
United States, 1 August 2021

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.

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Product Description

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.

Show more
Product Details
EAN
9780197603055
ISBN
019760305X
Dimensions
24.1 x 16 x 2 centimeters (0.49 kg)

Table of Contents

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

About the Author

Ryan Walter is Associate Professor in the School of Politics and International Studies at University of Queensland.

Reviews

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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