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This classic study — one of the most influential in the area of American economic history — questioned the founding fathers' motivations and prompted new perceptions of the supreme law of the land.
This is an excerpt, concentrating on Marxian economics, from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory.
Richard Drake presents a new interpretation of Charles Austin Beard's life and work. The foremost American historian and a leading public intellectual in the first half of the twentieth century, Beard participated actively in the debates about American politics and foreign policy surrounding the two world wars. In a radical change of critical focus, Charles Austin Beard places the European dimension of Beard's thought at the center, correcting previous biographers' oversights and presenting a far more nuanced appreciation for Beard's life. Drake analyzes the stages of Beard's development as a historian and critic: his role as an intellectual leader in the Progressive movement, the support that he gave to the cause of American intervention in World War I, and his subsequent revisionist repudiation of Wilsonian ideals and embrace of non-interventionism in the lead-up to World War II. Charles Austin Beard shows that, as Americans tally the ruinous costs—both financial and moral—of nation-building and informal empire, the life and work of this prophet of history merit a thorough reexamination.
The economic history of revolutionary France is still a neglected area in studies of the Revolution of 1789. Whilst some attention has been given to the condition of the peasants, the urban working classes and the financial crisis of the Ancient Régime, there has been a general tendency to regard economic factors as external and somewhat peripheral to the truly political nature of the Revolution. This book is designed to redress the balance, providing a clear, accessible, and thought-provoking guide to the economic background to the French Revolution. Professor Aftalion analyses the policies followed by successive revolutionary assemblies, examining in detail taxation, the confiscation of church property, the assignats, and the siege economy of the Terror. He shows how decisions taken in 1789 by the Constituent Assembly inevitably led to a deepening financial and economic crisis, and to increasingly radical and disastrous policies. The study is important also for its exposure of many of the economic fallacies propounded both at the time by many Frenchmen and later by many modern historians.
This book is a student reader of the key topics in American economic history.
In this book Ernesto Screpanti provides a rigorous examination of Marx’s theory of exploitation, one of the cornerstones of Marxist thought. With precision and clarity, he identifies the holes in traditional readings of Marx’s theory before advancing his own original interpretation, drawing on contemporary philosophy and economic theory to provide a refreshingly interdisciplinary exegesis. Screpanti’s arguments are delivered with perspicuity and verve: this is a book that aims to spark a debate. He exposes ambiguities present in Marx’s exposition of his own theory, especially when dealing with the employment contract and the notions of ‘abstract labor’ and ‘labor value’, and he argues that these ambiguities have given rise to misunderstandings in previous analyses of Marx’s theory of exploitation. Screpanti’s own interpretation is a meticulously argued counterpoint to these traditional interpretations. Labour and Value is a significant contribution to the theory of economics, particularly Marxist economics. It will also be of great interest to scholars in other disciplines including sociology, political science, and moral and political philosophy. Screpanti’s clear and engaging writing style will attract the interested general reader as well as the academic theorist.