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Friedrich List (1789-1846) was a prophet of social market economy, national economy and the infant-industry theory. In this comprehensive biography the international influence and reception of List’s theories is presented together with his extraordinary vita. List was a notable early advocate of economic integration of the many separate states of 19th century Germany. His basic theory is that of productive resources and the need to protect infant industries until they have matured enough to stand alone. He is recognized as a visionary economist with social responsibility and as an influential railway pioneer. He was a liberal and a democrat who promoted an extended representative democracy, including respect for human rights and civil liberties, to accompany industrial development. His highly influential main work “The National System of Political Economy” has been translated into many languages. Eugen Wendler, the renowned author and List expert, not only builds upon his many years of research, but also discusses several new sources. This richly illustrated book is as informative as it is well written.
As the world grapples with increased globalization and technological change, Friedrich List’s work appears more relevant than ever before. His theory of "productive powers" and his argument for protecting infant industries give us a valuable way of looking at innovation systems, winners and losers in international trade, and the current shift towards economic and political nationalism. Comprising fifteen specially commissioned chapters from a range of international scholars, this book explores many aspects of List’s economic thought, including industrial development, political economy, the economics of education, infrastructure and catching-up processes in Asian economies. This volume will be illuminating reading for advanced students and researchers in the history of economic thought, economic history, economic policy and international trade.
The importance of this book, translated for the first time in 1983, lies not so much in List’s advocacy of the fiscal policy of protection as in the relatively new doctrines that he put forward. He discussed stages of economic growth, ‘productive powers’ and the industrialisation of developing regions. List’s most fundamental teachings are fully developed in this book.
Captures the 17th-19th century origins and developments ofpolitical economy by editing original texts and illuminatingtheir relevance for today's political debate Political economy from the 17th century to the present can be captured in two narratives originating with Locke and Rousseau. Those original narratives were expanded in significant ways in the 18th and 19th centuries, and the editors argue that they still hold sway today. Edited original writings included in the anthology are from: Locke, Rousseau, Adam Smith, Tocqueville, Mill, Marx, Proudhon, Owen, the Federalist Papers, the French Declaration of the Rights of Man and the Citizen, and the American Constitution. The editors have restricted their comments to the extensive introductions thereby allowing the original participants to speak for themselves. The readings included are intended to be instructive with respect to the origin and development of the two narratives rather than an exhaustive account of how thinkers and writers on economics advance the discipline of economics as a social science. Reviews "The editors provide a compelling collection to critically frame the clash of Political Economy which shapes modern democracies. Their selections and introductions expertly paint a picture of the contending schools to suggest how enduring these core challenges remain. By placing these writers within this great debate, the authors guide students to discover the essential questions of liberty, equality, and the proper role of the state at the core of the American economic debate." —Roberta Q. Herzberg, Utah State University Political Science "The real service performed by Capaldi and Lloyd is to provide generous excerpts from supporters of both narratives so that the reader can determine for themselves who best makes their case. I recommend this volume highly both to the individual interested in learning about the intellectual and political history of political economy and to the professor in search of a one-volume anthology on political economy for use in a course on economic thought." —Steven D. Ealy, Senior Fellow, Liberty Fund, Inc.
This book provides an overview of 200 years of German economic thought from the eighteenth century to the Social Market.
At a time when critiques of free trade policies are gaining currency, The Neomercantilists helps make sense of the protectionist turn, providing the first intellectual history of the genealogy of neomercantilism. Eric Helleiner identifies many pioneers of this ideology between the late eighteenth and early twentieth centuries who backed strategic protectionism and other forms of government economic activism to promote state wealth and power. They included not just the famous Friedrich List, but also numerous lesser-known thinkers, many of whom came from outside of the West. Helleiner's novel emphasis on neomercantilism's diverse origins challenges traditional Western-centric understandings of its history. It illuminates neglected local intellectual traditions and international flows of ideas that gave rise to distinctive varieties of the ideology around the globe, including in Latin America, the Caribbean, Africa, and Asia. This rich history left enduring intellectual legacies, including in the two dominant powers of the contemporary world economy: China and the United States. The result is an exceptional study of a set of profoundly influential economic ideas. While rooted in the past, it sheds light on the present moment. The Neomercantilists shows how we might construct more global approaches to the study of international political economy and intellectual history, devoting attention to thinkers from across the world, and to the cross-border circulation of thought.
This collection of classic and contemporary readings charts the historical and theoretical evolution of the field. This is a valuable resource for students and teachers of international relations and international economics.
From a Nobel Laureate economist, a collection of essays outlining ideas on political theory, economic freedom and epistemology. Following on F. A. Hayek’s previous work Studies in Philosophy, Politics, and Economics (1967), New Studies in Philosophy, Politics, Economics and the History of Ideas collects some of Hayek’s most notable essays and lectures dealing with problems of philosophy, politics and economics, with many of the essays falling into more than one of these categories. Expanding upon the previous volume the present work also includes a fourth part collecting a series of Hayek’s writings under the heading “History of Ideas.” Of the articles contained in this volume the lectures on “The Errors of Constructivism”and “Competition as a Discovery Procedure” have been published before only in German, while the article on “Liberalism” was written in English to be published in an Italian translation in the Enciclopedia del Novicento by the Istituto della Enciclopedia Italiana at Rome.