David Hume's contributions span every branch of human inquiry: ethics, epistemology, metaphysics, political philosophy, aesthetics, religion, and economics. While reams of scholarship have been devoted to Hume's thought, his work on economics is still relatively unexplored. In this book, philosopher Margaret Schabas and intellectual historian Carl Wennerlind provide the definitive account of Hume's "worldly philosophy." Hume, they show, was intent on getting out of the armchair and ensuring that his philosophy had practical implications-to subdue superstition, soften religious zealotry, and promote (...) harmonious relations in modern society. Part of this endeavor involved material betterment, and Hume brought to his economic thought a richly astute understanding of human agency, of how our minds work and prompt our actions. The authors paint him as the quintessential proponent of liberalism and a dedicated supporter of commercial modernization. However, they note that he was not an unqualified enthusiast-he saw the potential of modern commerce to increase debt, fuel runaway inflation, and feed factionalism in political rule, for example, and he fretted over the potential for international conflicts to spiral out of control. Given Hume's friendship with Adam Smith, and his influence over nineteenth-century thinkers as prominent as Thomas Malthus, John Stuart Mill, and Karl Marx, a serious appraisal of this side of his oeuvre is long overdue. As two of Hume's closest readers, Schabas and Wennerlind offer just that in this delightfully wide-ranging exploration of the history of philosophy and modern economic thought. (shrink)

This paper argues that Part III of Hume's Treatise of Human Nature contains a philosophical elaboration on the foundational conventions of a commercial society. The plausibility of this interpretation of the Treatise is then gauged by juxtaposing it to Hume's historical account of England in the History of England. We find that, in an important sense, the history describes the process of commercial modernization within the parameters set out in the Treatise, which strongly suggests that Hume's political philosophy is uniquely (...) applicable to the modern commercial society, and not to an ahistorical social form. (shrink)

While David Hume explicitly elaborated on the development of a modern commercial society in the Political Discourses and the History of England, it is more difficult to discern whether Hume had a specific time period or societal transformation in mind when he laid out his political philosophy in A Treatise of Human Nature. In the Treatise, Hume unambiguously states that he did not believe in the existence of a pre-social stage of human development—he considered such elaborations mere philosophical fiction. The (...) lack of an abrupt demarcation between the pre-social and the social in Hume's thought makes his political philosophy incongruent with an original contract or a first social formation. In this sense, Hume's social theory might be considered a foundational theory for all human coexistence and the Treatise would thus read as an ahistorical text. However, it is plausible that Hume was instead providing a discussion of a particular historical transformation—that of commercial modernization—by emphasizing the construction of a new set of social institutions and ignoring or downplaying the social forms that came before. This paper challenges the ahistorical interpretations and suggests that Hume was indeed providing a philosophical elaboration of the. (shrink)

Hume’s Political Discourses won immediate acclaim and positioned him as an authoritative figure on the subject of political economy. This volume of thirteen new essays definitively establishes the central place of political economy in Hume’s intellectual endeavor, as well as the profound and far-reaching influence of his theories on Enlightenment discourse and practice. A major strength of this collection is that the contributors come from a diverse set of fields – philosophy, economics, political science, history and literature. This promotes a (...) comprehensive reading of Hume’s political economy, taking into account his entire set of writings and correspondence, in a way that captures his polymathic genius. Hume’s analyses of trade and commerce not only delve into the institutions of money and markets, but also human agency, the role of reason and the passions, manners and social mores. Hume sought general principles but also concrete applications, whether he grappled with the problem of economic development, with the debates on luxury consumption, or with the mounting public debt. This book is a key resource for students and researchers in the areas of economic and political philosophy, history of economic and political theory, and the history of ideas. (shrink)

Hume insisted that property serve as the foundation of society because it best promotes the greatest amount of industry and therefore contributes to public utility. Industry thus plays a central role in Hume’s theory of justice. Given that Hume extensively discussed the social, political, cultural, and moral implications of industry in the Political Discourses, I suggest that Hume’s economic writings should be understood as an integral part of his overall philosophical project. In offering a parallel reading of the Enquiry Concerning (...) the Principles of Morals and the Political Discourses, I argue that Hume’s theory of justice does not resolve into a mere theory of property, as many philosophers complain, but rather, emerges as a rich account of how justice both generates the greatest material affluence and promotes the formation of the most virtuous society. (shrink)