This book develops a new conception of political economy at the interface of economic and political theory. Political economy is constituted by the interdependence between the economy and the polity that rest on the complex relations of society in which both are embedded. Effective policymaking depends on reflecting this embedding.

"This book does nothing less than to set new standards in combining philosophical with political theology.

The present essay contends that progressive readings of Smith ignore the influence of theological concepts and religious ideas on his work, notably three distinct strands: first, seventeenth- and eighteenth-century natural theology; second, Jansenist Augustinianism; third, Stoic arguments of theodicy. Taken together, these theological elements help explain why Smith’s moral philosophy and political economy intensifies the secular early modern and Enlightenment idea that the Fall brought about ‘radical evil’ and a ‘fatherless world’ in need of permanent divine intervention. As such, Smith (...) views the market as divine regulation of human sinfulness and an instrument to serve God’s providential plan. Indeed, the ‘invisible hand of the market’ represents a nominalist realm where human cooperation intersects with divine providence, blending private self-interest with the public commonweal. I will also argue that Smith’s conception of a morally neutral market is ultimately incompatible with creedal Christianity, in particular orthodox catholic Christian ideas of the common good in which all can share and the practice of charity for those most in need who have been abandoned by state bureaucracy and the marketplace. The main reason is that Smith, not unlike Calvin, tends to divorce human contract from divine gift by dividing the theo-logic of gratuitous reciprocal giving from the economic logic of contract – a dualism that bears an uncanny resemblance with Suárez’s Baroque scholasticism of which Smith’s friend David Hume was rightly critical. In particular, the Reformation and Counter-Reformation theology of Calvin, Luther and Suárez sunders ‘pure nature’ from the supernatural and develops a ‘two ends’ account of human nature, according to which human beings have a natural end separate from their supernatural finality. So instead of participating in the divine oikonomia of asymmetrical gift-exchange, human society and the economy operate autonomously and are ordered towards a purely natural end. Smith conceptualises the market mechanism as both a fundamental precondition for interpersonal relationality and at the same time separate from the sociality it engenders. Smith’s anthropology hovers half-way between Machiavelli and Mandeville’s homo œconomicus in search for maximal profit, on the one hand, and the diametrically opposed conception of man as a gift-exchanging animal striving for mutual social recognition, on the other hand. By viewing market exchange as separate from the private virtues of benevolence, justice and prudence, he introduces a split between the exercise of moral virtues and the operation of commercial society. Such a divide is wholly foreign to the project of an overarching civil compact in the writings of Smith’s contemporary Antonio Genovesi and other members of the Italian schools of civic humanism and civil economy. In consequence, Smith’s œuvre marks a decisive shift from civil to political economy. (shrink)

Two expert authors combine a compelling critique of contemporary liberalism with post-liberal alternatives in politics, the economy, culture and international affairs, to provide the fullest account so far of the post-liberal alternative in Western politics.

What are the leading forces and ideas that are shaping our age? In the West, a decade of financial disruption, austerity, and stagnant wages has produced a popular rejection of market fundamentalism that prevailed for over forty years. Mass immigration and multiculturalism have contributed to rapid changes in both family and community life that leave many people feeling dispossessed or even humiliated. Unresponsive government is exacerbating people’s sense of powerlessness and anger. The revolt against the status quo is fuelling a (...) political insurgency against the establishment that replaces the old opposition of left versus right with a similarly simplistic dichotomy pitting the people against the elites. We are witnessing the failure of dualistic thinking and this will not be resolved by substituting one binary for another. Our contemporary conjuncture is such a period of interregnum and a war of position between the hitherto hegemonic ideology of liberalism and its populist rivals. The popular revolt against liberalism, which is driving the political insurgency across the West, highlights the collapse of the authority of the professional political class dominated by liberals. In what follows I shall argue that the emergent ideologies which are vying for hegemony are hyper-liberalism, nationalist traditionalism, and tech utopianism. All of them are variously anti-humanist, to which one can oppose updated versions of one-nation conservatism and ethical socialism. Before setting out the unfolding ‘war of position,’ I will first explore the new anti-humanism that underpins the main ideological movements. (shrink)

This essay argues that modern sovereignty is not simply a legal or political concept that is coterminous with the modern nation-state. Rather, at the theoretical level modern sovereign power is inscribed into a wider theological dialectic between “the one” and “the many”. Modernity fuses juridical-constitutional models of supreme state authority with a new, “biopolitical” account of power whereby natural life and the living body of the individual are the object of politics and are subject to state control (section 1). The (...) origins of this dialectic go back to changes within Christian theology in the late Middle Ages and the early modern period. In particular, these changes can be traced to Ockham's denial of the universal Good in things, Suárez's priority of the political community over the ecclesial body and Hobbes's “biopolitical” definition of power as state dominion over life (section 2). At the practical level, modern sovereignty has involved both the national state and the transnational market. The “revolutions in sovereignty” that gave rise to the modern state and the modern market were to some considerable extent shaped by theological concepts and changes in religious institutions and practices: first, the supremacy of the modern national state over the transnational papacy and national churches; second, the increasing priority of individuality over collectivity; third, a growing focus on contractual proprietary relations at the expense of covenantal ties and communal bonds (section 3). By subjecting both people and property to uniform standards of formal natural rights and abstract monetary value, financial capitalism and liberal secular democracy are part of the “biopolitical” logic that subordinates the sanctity of life and land to the secular sacrality of the state and the market. In Pope Benedict's theology, we can find the contours of a post-secular political economy that challenges the monopoly of modern sovereignty (sections 4–5). (shrink)

This essay argues that contemporary warfare seems to be religious but is in fact secular in nature and as such calls forth religious alternatives. The violence unleashed by Islamic terrorism and the ‘global war on terror’ is secular in this sense that it is unmediated and removes any universal ethical limits from conflicts: unrestrained violence is either a divine injunction which is blindly and fideistically believed; or it is waged in the name of the supremely sovereign state which deploys war (...) to uphold the constitutional order guaranteeing an exclusive state monopoly on the use of arbitrary physical force. The first part compares and contrasts two false universalisms; that of global market democracy and a revivified pan-Islamic Ummah. The second part explores the classical and modern origins of Islamic terrorism. The third part examines the perverted theology at the heart of the neo-conservative ‘global war on terror’. The fourth part analyses the permanent ‘state of exception’ which underpins the modern state and licenses unrestricted violence by the sovereign who stands outside and above the constitutional order of legality and legitimacy. The fifth and final part outlines religious alternatives to secular warfare; with specific reference to Islam and Christianity. (shrink)

How to theorise religion in International Relations (IR)? Does the concept of post-secularity advance the debate on religion beyond the ‘return of religion’ and the crisis of secular reason? This article argues that the post-secular remains trapped in the logic of secularism. First, a new account is provided of the ‘secularist bias’ that characterises mainstream IR theory: (a) defining religion in either essentialist or epiphenomenal terms; (b) positing a series of ‘antagonistic binary opposites’ such as the secular versus the religious; (...) (c) de-sacralising and re-sacralising the public square. The article then analyses post-secularity, showing that it subordinates faith under secular reason and sacralises the ‘other’ by elevating difference into the sole transcendental term. Theorists of the post-secular such as Jürgen Habermas or William Connolly also equate secular modernity with metaphysical universalism, which they seek to replace with post-metaphysical pluralism. In contrast, the alternative that this article outlines is an international theory that develops the Christian realism of the English School in the direction of a metaphysical-political realism. Such a realism binds together reason with faith and envisions a ‘corporate’ association of peoples and nations beyond the secularist settlement of Westphalia that is centred on national states and transnational markets. By linking immanent values to transcendent principles, this approach can rethink religion in international affairs and help revive grand theory in IR. (shrink)

ExcerptIntroduction In his polemic against revealed religion, Luciano Pellicani makes two fundamental claims that are historically and philosophically misguided. First, he asserts that the Puritans sought to establish a medieval collectivist theocracy, not a modern market democracy. Second, he maintains that the U.S. “culture war” between enlightened secular liberalism and reactionary religious conservatism ultimately rests on the perpetual battle between Athenian reason and the faith of Jerusalem. Accordingly, Pellicani argues that America's commitment to principles such as individual freedom, religious tolerance, (...) or the constitutionally enshrined separation of Church from State represented Enlightenment emancipation from the constricting…. (shrink)

This book presents the first debate between the Anglo-Catholic movement Radical Orthodoxy and Eastern Orthodox theologians.

From Machiavelli via Hobbes, Locke and Grotius to J.S. Mill and John Rawls, the liberal (and republican) tradition pivots about the primacy of the individual over all forms of human association and allied to this primacy is the replacing of notions of substan¬tive goodness or truth with the ultimate foundation of society upon subjective rights secured by the power of the central state. Those rights are grounded in the human will and the artifice of the social contract that has supplanted (...) older ideas of covenantal relationships governed by a logic of reciprocity or gift-exchange. Liberalism is therefore inherently atomistic and oscillates between the isolated individual and some collective unity either objectively compounded or artificially supposed – ‘Leviathan’ was both. By positing an asocial ‘state of nature’, liberal contractualism purports to invent the artificial order of politics. By contrast, Romanticism – in the works of Novalis, Schlegel, Carlyle, Coleridge, de Biran and Bulgakov – develops develop in novel ways the ancient and Christian idea that human beings as social, political creatures have a natural desire for objective, substantive values by which to orientate their lives and give them that coherent shape which alone engenders a sense of real fulfilment. This teleological space cannot be equated with the impersonal, absolute sovereignty of national states and transnational markets but requires interpersonal relations within a mediated polity that has a transcendent outlook. So whereas liberalism merely regulates the evil and violence which it views as primary (and which therefore it perpetuates and even reinforces), Romanticism offers a vision of partial redemption in this life just because the Fall and original sin never fully destroyed the fundamentally peaceful, ontological ordering of the world. Rather, as fallen creatures equally capable of vice and virtue, human beings can discover their own particular purpose and place in society that is ordered to the good of the whole cosmos ultimately rooted in God’s creative action. By practising virtue, we can be redeemed in this life up to a point and we can begin to redeem the promise of an original harmony. (shrink)

ExcerptFive years after its publication, the late Christopher Hitchens's polemic against religion reads like a desperate call-to-arms against believers by a liberal who promises perpetual peace but in reality advocates endless war. The attacks on faith by contemporary militant atheists—Richard Dawkins, Daniel Dennett, Stephen Jay Gould, or Sam Harris—are becoming ever more shrill and hysterical, a clear sign of atheist anxiety about their absolute certainty that there are “absolutely no certainties.” Having risen to public, popular prominence with Dawkins's 2006 best-seller (...) The God Delusion, this “enlightened” vanguard has attracted much mediatic acclaim and academic attention. A close reading of their…. (shrink)

1. Civilization—the Pivot of GeopoliticsCivilization is the new pivot of geopolitics. The West’s retreat and the resurgence of China puts civilizational divergence at the heart of international relations at a time when the populist revolt since Brexit and Trump’s victory in 2016 has redefined Western politics along cultural lines.1 From the extreme identity politics that is sweeping the West to the rejection of Western universalism in the non-Western world, civilizational norms are as important as military might and economic power. As (...) Christopher Coker writes, we are “living in a world in which civilisation is fast becoming the currency of international politics.”2. (shrink)

ExcerptIntroduction Is the neo-liberal era since the mid-1970s synonymous with a corporate capture of the state and the passage to “post-democracy”? And if so, might the failure of neo-liberalism since the onset of the international economic crisis in 2007 and the state-sponsored bailout of global finance presage a return to the primacy of democratic politics over “free-market” economics commonly associated with the post–World War II period? At the time of this writing, it is premature to analyze the aftermath of the (...) Great Recession (2007–09), which could yet mutate into a twenty-first-century Great Depression. However, the current…. (shrink)

The current global economic crisis concerns the way in which contemporary capitalism has turned to financialisation as a double cure for both a falling rate of profit and a deficiency of demand. Although this turning is by no means unprecedented, policies of financialisation have depressed demand (in part as a result of the long-term stagnation of average wages) while at the same time not proving adequate to restore profits and growth. This paper argues that the current crisis is less the (...) ‘normal’ one that has to do with a constitutive need to balance growth of abstract wealth with demand for concrete commodities. Rather, it marks a meta-crisis of capitalism that is to do with the difficulties of sustaining abstract growth as such. This meta-crisis is the tendency at once to abstract from the real economy of productive activities and to reduce everything to its bare materiality. By contrast with a market economy that binds material value to symbolic meaning, a capitalist economy tends to separate matter from symbol and reduce materiality to calculable numbers representing ‘wealth’. Such a conception of wealth rests on the aggregation of abstract numbers that cuts out all the relational goods and the ‘commons’ on which shared prosperity depends. (shrink)

This essay concerns the problem of individuation in metaphysics in relation to the question of individuality in politics. It rejects the assumption in muchof ancient, modern, and contemporary philosophy and theology that unity and diversity are opposed and that this opposition produces conflict and violence. Theproposed alternative is a metaphysics and politics of relationality. This alternative is not so much indebted to Aristotle, but instead goes back to Platonist metaphysics and its transformation by Augustine and Boethius. By privileging substance over (...) all other categories, Aristotle not only relegated the transcendent immaterial actuality from the immanence of the material world but also divorced particular beings from the universal Prime Mover or God. By contrast, for Plato, the transcendent universal Good individuates all immanent particulars relationally at the level of the oikos, the polis, and the cosmos. Crucially, by combining the concept of creation ex nihilo with the metaphysics of participation, Augustine and Boethius reconfi gured Plato’s Good in the direction of the Creator-God and Trinitarian relationality. Thus, each and every being is individuated because it is a particular reflection of the universal Good, a unique and singular expression of God’s self-communicative actualization in the world. (shrink)

ExcerptIntroduction Much of nineteenth- and twentieth-century philosophy proclaimed the end the metaphysics and the death of God. The German, French, and English strands of the Enlightenment were united in their suspicion of metaphysical theism. Figures as diverse as Comte, Marx, Spencer, Nietzsche, and Russell defended the absolute autonomy of atheist reason against religious faith. Following the rise of partisan ideologies that terrorized the West from 1789 to 1989, the downfall of the Soviet empire appeared to herald the “end of history” (...) and a global convergence toward liberal market democracy. Ideas of freedom and justice would henceforth…. (shrink)

This essay concerns the problem of individuation in metaphysics in relation to the question of individuality in politics. It rejects the assumption in muchof ancient, modern, and contemporary philosophy and theology that unity and diversity are opposed and that this opposition produces conflict and violence. Theproposed alternative is a metaphysics and politics of relationality. This alternative is not so much indebted to Aristotle, but instead goes back to Platonist metaphysics and its transformation by Augustine and Boethius. By privileging substance over (...) all other categories, Aristotle not only relegated the transcendent immaterial actuality from the immanence of the material world but also divorced particular beings from the universal Prime Mover or God. By contrast, for Plato, the transcendent universal Good individuates all immanent particulars relationally at the level of the oikos, the polis, and the cosmos. Crucially, by combining the concept of creation ex nihilo with the metaphysics of participation, Augustine and Boethius reconfi gured Plato’s Good in the direction of the Creator-God and Trinitarian relationality. Thus, each and every being is individuated because it is a particular reflection of the universal Good, a unique and singular expression of God’s self-communicative actualization in the world. (shrink)

Both modern political economy and capitalism rest on the separation of economics from ethics, which in turn can be traced to a number of shifts within philosophy and theology – notably the move away from practices of reciprocity and the common good towards the sole pursuit of individual freedom and self-interest. In his latest book, Luigino Bruni provides a compelling critique of capitalist markets and an alternative vision that fuses Aristotelian-Thomist virtue ethics with the Renaissance and Neapolitan Enlightenment tradition of (...) ‘civil economy’. The book develops three broad yet closely intertwined theses. First, that Greco-Roman Antiquity and the Christian Middle Ages invented models of civil life that transcended tribalism and political absolutism but produced sacral communities wherein the power and privilege of the ‘few’ denied freedom and equality to the ‘many’. Second, that modernity inaugurated the primacy of free and equal individuals over communities but that it undermined and destroyed the social bonds on which societies ultimately depend. Just as in Antiquity and the Middle Ages we had communities without individuals, so in the modern era we have individuals without communities. Beyond these two similarly undesirable conditions, Bruni proposes the ‘civil economy’ model as the most radical alternative – the book’s third and most important thesis. Accordingly, the ‘civil economy’ alternative combines the relationality and sociability of all human beings with the flourishing of each and everyone by fusing self-interest with wider social benefit. Crucially, the ties of public faith (fides) and friendship (philia) can overcome the false divide between egoism and altruism in the direction of a moral market that is governed not just by the pursuit of profit but also by the practice of virtue. (shrink)

A growing body of empirical evidence suggests that folk knowledge attribution practices regarding some epistemological thought experiments differ significantly from the consensus found in the philosophical literature. More specifically, laypersons are likely to ascribe knowledge in the so-called Authentic Evidence Gettier-style cases, while most philosophers deny knowledge in these cases. The intuitions shared by philosophers are often used as evidence in favor (or against) certain philosophical analyses of the notion of knowledge. However, the fact that these intuitions are not universal, (...) as non-philosophers do not sympathize with verdicts made by philosophers, is problematic and requires some explanation. Recently, a promising theoretical approach emerged that could be used to explain away unexpected folk knowledge attributions. According to the protagonist projection hypothesis, when subjects answer questions about some hypothetical scenario, their judgments might result from adopting the cognitive perspective of the protagonist in the given scenario. Previous experimental findings suggest protagonist projection might be responsible for problematic knowledge attributions in Gettier-style cases. This paper reports data collected in an experiment which focused on five different Authentic Evidence Gettier-style scenarios and investigated the impact of protagonist projection on folk knowledge ascriptions in such cases. The results bring some support to the protagonist projection hypothesis, but do not allow to explain away a substantial number of problematic folk knowledge attributions. (shrink)

Francis Ysidro Edgeworth’s unduly neglected monograph New and Old Methods of Ethics (1877) advances a highly sophisticated and mathematized account of social well-being in the utilitarian tradition of his 19th-century contemporaries. This article illustrates how his usage of the ‘calculus of variations’ was combined with findings from empirical psychology and economic theory to construct a consequentialist axiological framework. A conclusion is drawn that Edgeworth is a methodological predecessor to several important methods, ideas, and issues that continue to be discussed in (...) contemporary social well-being studies. (shrink)

Since the early seventeenth century of Bacon, Gallileo and Descartes, the relations between science and religion as well as mind and body have remained volatile fault lines of conflict. The controversies surrounding these relations are as alive and pressing now as at any point over the course of the past four centuries. Adrian Johnston's transcendental materialism offers a new theoretical approach to these issues. Arming himself with resources provided by German idealism, Marxism, psychoanalysis, the life sciences and contemporary philosophical (...) developments, Johnston formulates an account of subjectivity that, although being both materialist and naturalist, does full justice to human beings as irreducible to natural matter alone. At the same time he argues against relapses into idealisms, dualisms and spiritualisms. Adventures in Transcendental Materialism elaborates Johnston's position through critical engagements with some of today's most important thinkers including Slavoj Žižek, Alain Badiou, Catherine Malabou, Jean-Claude Milner, Martin Hägglund, William Connolly, and Jane Bennett"--Back cover. (shrink)

Thought experiments play a role in science and in some central parts of contemporary philosophy. They used to play a larger role in philosophy of science, but have been largely abandoned as part of the field’s “practice turn”. This chapter discusses possible roles for thought experimentation within a practice-oriented philosophy of science. Some of these roles are uncontroversial, such as exemplification and aiding discovery. A more controversial role is the reliance on thought experiments to justify philosophical claims. It is proposed (...) that if we adopt an underlying empiricist view of concepts, then thought experiments can be seen as affording us contact with scientific practice, despite their seemingly a priori character. The advantages and drawbacks of thought experiments are discussed via comparison with case studies, on the one, and simulations on the other hand. The chapter closes with some remarks on how to combine thought experiments with other methods. (shrink)

Thought experiments play a role in science and in some central parts of contemporary philosophy. They used to play a larger role in philosophy of science, but have been largely abandoned as part of the field’s “practice turn”. This chapter discusses possible roles for thought experimentation within a practice-oriented philosophy of science. Some of these roles are uncontroversial, such as exemplification and aiding discovery. A more controversial role is the reliance on thought experiments to justify philosophical claims. It is proposed (...) that if we adopt an underlying empiricist view of concepts, then thought experiments can be seen as affording us contact with scientific practice, despite their seemingly a priori character. The advantages and drawbacks of thought experiments are discussed via comparison with case studies, on the one, and simulations on the other hand. The chapter closes with some remarks on how to combine thought experiments with other methods. (shrink)

One persistent puzzle in the life sciences is the asymmetric lipid composition of the cellular plasma membrane: while the exoplasmic leaflet is enriched in lipids carrying predominantly saturated fatty acids, the cytoplasmic leaflet hosts preferentially lipids with (poly‐)unsaturated fatty acids. Given the high energy requirements necessary for cells to maintain this asymmetry, the question naturally arises regarding its inherent benefits. In this paper, we propose asymmetry to represent a potential solution for harmonizing two conflicting requirements for the plasma membrane: first, (...) the need to build a barrier for the uncontrolled influx or efflux of substances; and second, the need to form a fluid and dynamic two‐dimensional substrate for signaling processes. We hence view here the plasma membrane as a composite material, where the exoplasmic leaflet is mainly responsible for the functional integrity of the barrier and the cytoplasmic leaflet for fluidity. We reinforce the validity of the proposed mechanism by presenting quantitative data from the literature, along with multiple examples that bolster our model. (shrink)

John Scottus Eriugena (d. ca. 877) is regarded as the most important philosopher and theologian in the Latin West from the death of Boethius until the thirteenth century. He incorporated his understanding of Latin sources, Ambrose, Augustine, Boethius and Greek sources, including the Cappadocian Fathers, Pseudo-Dionysius, and Maximus Confessor, into a metaphysics structured on Aristotle's Categories, from which he developed Christian Neoplatonist theology that continues to stimulate 21st-century theologians. This collection of essays provides an overview of the latest scholarship on (...) various aspects of Eriugena's thought and writings, including his Irish background, his use of Greek theologians, his Scripture hermeneutics, his understanding of Aristotelian logic, Christology, and the impact he had on contemporary and later theological traditions. Contributors: David Albertson, Joel Barstad, John Contreni, Christophe Erismann, John Gavin, Adrian Guiu, Michael Harrington, Catherine Kavanagh, A. Kijewska, Stephen Lahey, Elena Lloyd-Sidle, Bernard McGinn, Ernesto Sergio Mainoldi, Dermot Moran, Giulio D'Onofrio, Willemien Otten, and Alfred Siewers. (shrink)

There remains no consensus among social scientists as to how to measure and understand forms of information deprivation such as misinformation. Machine learning and statistical analyses of information deprivation typically contain problematic operationalizations which are too often biased towards epistemic elites' conceptions that can undermine their empirical adequacy. A mature science of information deprivation should include considerable citizen involvement that is sensitive to the value-ladenness of information quality and that doing so may improve the predictive and explanatory power of extant (...) models. (shrink)

Recent epistemology has reflected a growing interest in issues about the value of knowledge and the values informing epistemic appraisal. Is knowledge more valuable that merely true belief or even justified true belief? Is truth the central value informing epistemic appraisal or do other values enter the picture? Epistemic Value is a collection of previously unpublished articles on such issues by leading philosophers in the field. It will stimulate discussion of the nature of knowledge and of directions that might be (...) taken by the theory of knowledge. The contributors are Jason Baehr, Michael Brady, Berit Brogaard, Michael DePaul, Pascal Engel, Catherine Elgin, Alvin Goldman, John Greco, Stephen Grimm, Ward Jones, Martin Kusch, Jonathan Kvanvig, Michael Lynch, Erik Olsson, Wayne Riggs and Matthew Weiner. (shrink)