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Robert Lowe's wit and brilliance made him one of the most admired and detested figures of the Victorian age. But he was also the only classical economist to become Chancellor of the Exchequer, and this is the first study of him by a fellow economist. It shows how as Chancellor he caused a riot with his proposed match tax and hankered to take Britain into a single European currency.
Mr Sylvester assesses Robert Lowe's (1811-1892) career and political importance.
Newspapers, periodicals, pamphlets and books all reflect the ubiquity of 'public opinion' in political discourse in late nineteenth and early twentieth-century Britain. Through close attention to debates across the political spectrum, James Thompson charts the ways in which Britons sought to locate 'public opinion' in an era prior to polling. He shows that 'public opinion' was the principal term through which the link between the social and the political was interrogated, charted and contested and charts how the widespread conviction that the public was growing in power raised significant issues about the kind of polity emerging in Britain. He also examines how the early Labour party negotiated the language of 'public opinion' and sought to articulate Labour interests in relation to those of the public. In so doing he sheds important new light on the character of Britain's liberal political culture and on Labour's place in and relationship to that culture.
In a bitterly divided 19th century Ireland, consensus was sought in the new discipline of political economy which claimed to transcend all divisions. This book explores the failure of that mission in the wake of the great famine of 1846-7.
Contains papers that appeal to a broad and global readership in all fields of economics.
Samuel Hollander’s work has been provoking debate for over four decades. This book brings together key contributions of recent years, in addition to some brand new pieces. The essays are introduced by a Preface in which Hollander reflects on his past work and reactions to it. Highlights include two issues of particular current relevance. Conspicuous is an extensive chapter regarding Adam Smith’s often neglected arguments for government intervention in the economy to correct market failures, and his critical view of the business class as an anti-social force. Important economists considered in relation to Adam Smith’s position on the role of the state include Jeremy Bentham and the Scottish-Canadian John Rae. Similarly of high present-day interest is a re-examination of Karl Marx’s theory of exploitation, or the notion of profits as "embezzlement," demonstrating Marx’s effective abandonment of this perspective in the case of the small active businessman as distinct from the major joint-stock corporation. Other papers demonstrate the close intellectual relationship between David Ricardo and Thomas Robert Malthus; the extensive common ground between the British school and the French under the leadership of Jean-Baptiste Say; the failure of a so-called anti-Ricardian opposition in Britain represented by Samuel Bailey; and the denial of a sharp discontinuity between "classical" and later "neo-classical" economics. Finally, several biographical essays are included as well as an extension of the autobiographical account appearing in Collected Essays II.
John Stuart Mill: Political Economist is a revised version of the part of Samuel Hollander's The Economics of John Stuart Mill (1985) treating the theory of economic policy. In this book, Professor Hollander offers a critical yet sympathetic analysis of Mill's quest to accomplish thorough reform of capitalism in the interest of distributive justice while protecting the security of property and contemplating the potential evolution of capitalism into cooperative organization. Part I of the book serves as an introduction to the investigation of Mill's theory of economic policy; Parts II and III include Mill's primary policy recommendations; while Part IV adds a substantial 'Overview and Evaluation' reviewing the author's main conclusions. A major concern is Mill's perception of the composition of the 'greatest number' whose interests are to be considered by policy-makers; here arises his attitude towards British Imperialism. The author then undertakes thematic comparisons between the positions of Mill and those of Smith, Ricardo, Malthus, Marx and Bernstein; and closes with a rejection of the celebrated criticism of Mill's 'liberalism' by Friedrich Hayek.
Featuring original contributions from some of the leading contemporary figures in the history of economic thought, this book offers new perspectives on key topics, from Smith's Wealth of Nations to the Jevonian Revolution. Drawing inspiration from the life and work of R.D.C. Black, formerly Professor of Economics at Queen's University Belfast, this book will be of essential interest to any serious scholar of economic thought.