For most of the two hundred years or so that have passed since the publication of the Wealth of Nations, Adam Smith's writings on political and economic questions have been viewed within a liberal capitalist perspective of nineteenth- and twentieth- century provenance. This essay in interpretation seeks to provide a more historical reading of certain political themes which recur in Smith's writings by bringing eighteenth-century perspectives to bear on the problem. Contrary to the view that sees Smith's work as marking (...) the point at which 'politics' was being eclipsed by 'economics', it claims that Smith has a 'politics' which goes beyond certain political attitudes connected with the role of the state in economic affairs. It argues that he employs a consistent mode of political analysis which cannot be encompassed within the standard liberal capitalist categories, but can be understood by reference to the language and qualities of contemporary political debate, and of the eighteenth-century science of politics cultivated by Montesquieu and, above all, Hume, particularly as revealed by recent scholarship. A concluding chapter draws the various strands of the interpretation together to form a portrait of what Smith might legitimately be said to have been doing when he wrote on these matters. (shrink)

In Riches and Poverty, Donald Winch explores the implications of a fundamental and influential idea in political economy. Adam Smith's science of the legislator provided a key to studying the rich and poor in commercial societies, transformed an ancient debate on luxury and inequality, and furnished a basis for assessing the American and French revolutions. Against this background, Britain embarked on its career as the first manufacturing nation, and Malthus made his first contributions to a debate which concluded with the (...) Poor Law Amendment Act of 1834. Malthus provoked fierce opposition from the Lake poets, opening an intellectual rift that persisted throughout the nineteenth century and continues to influence our perceptions of cultural history. Donald Winch has written a compelling and consistently-argued narrative of these developments, which emphasises throughout the moral and political bearings of economic ideas. (shrink)

Donald Winch completes the intellectual history of political economy begun in Riches and Poverty. A major theme addressed in both volumes is the 'bitter argument between economists and human beings' provoked by Britain's industrial revolution. Winch takes the argument from Mill's contributions to the 'condition-of-England' debate in 1848 through to the work on economic wellbeing of Alfred Marshall. The writings of major figures of the period are examined in a sequence of interlinked essays that ends with consideration of the twentieth-century (...) fate of the debate between utilitarians and romantics in the hands of Leavis, Williams and Thompson. Donald Winch is one of Britain's most distinguished historians of ideas, and Wealth and Life brings to fruition a long-standing interest in the history of those intellectual pursuits that have shaped the understanding of Britain as an industrial society, and continue to influence cultural responses to the moral questions posed by economic life. (shrink)

First published in 1952, British Empirical Philosophers is a comprehensive picture of one of the most important movements in the history of philosophic thought. In his introduction, Professor A. J. Ayer distinguishes the main problems of empiricism and gives a critical account of the ways in which the philosophers whose writings are included in this volume attempted to solve them. Editors Ayer and Raymond Winch bring together an authoritative abridgement of John Locke’s Essay Concerning Human Understanding ; Bishop George Berkeley’s (...) Principles of Human Knowledge ; almost the entire first book of David Hume’s Treatise Concerning Human Nature ; and extracts from Thomas Reid’s Essay on the Intellectual Powers of Man and John Stuart Mill’s Examination of Sir William Hamilton’s Philosophy. (shrink)

This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of progress from an epistemological and methodological perspective. The idea of progress is particularly significant as the authors regard it as an essentially contested concept which can be defined in many ways – theoretically or empirically; locally or (...) globally; or as encouraging or impeding the existence of other research traditions. The authors discuss the idea that for progress to make any sense there must be an accumulation of knowledge built up over time rather than the replacement of ideas by each successive generation. Accordingly, they are not concerned with estimating the price of progress, reminiscing in the past, or assessing what has been lost. Instead they apply the complex mechanisms and machinery of the discipline to sub-fields such as normative economics, monetary economics, trade and location theory, Austrian economics and classical economics to critically assess whether progress has been made in these areas of research. -/- Bringing together authoritative and wide-ranging contributions by leading scholars, this book will challenge and engage those interested in philosophy, economic methodology and the history of economic thought. It will also appeal to economists in general who are interested in the advancement of their profession. (shrink)

John Maynard Keynes, in a biographical essay that is as remarkable for the insight it provides into his own thinking as for what it says about its subject, described the trajectory of Malthus's intellectual career as follows: ‘from being a caterpillar of a moral scientist and chrysalis of an historian, he could at last spread the wings of his thought and survey the world as an economist’. Malthus himself had resisted this conclusion in the introduction to his Principles of Political (...) Economy — meant as a riposte to David Ricardo's way of proceeding — when he stated that ‘the science of political economy bears a nearer resemblance to the science of morals and politics than to that of mathematics’. For understandable reasons, however, some modern economists find Keynes's characterization more attractive, particularly when it also allows them to regret the fact that the free flight of the positive economist in Malthus was often impeded by historical and moral residues left over from earlier existences. By adopting this position they are able to discount awkward problems relating to the historical origins and professional identity of their discipline — those problems connected with Malthus's religious beliefs and theological standpoint that have to be confronted when his explicit claims as a Christian moral scientist are taken seriously. Lack of sympathy on the part of economists when faced with the moral and theological dimensions of Malthus's writings has a long history that goes back to Ricardo, who criticized his friend's confusion, as he saw it, of moral and economic considerations. James Mill, as always, was more outspoken in regretting the intellectual fetters that inevitably went with Malthus's clerical status. Some economic demographers, in modern times, have also criticized Malthus for intermingling ‘moralistic and scientific aims almost inextricably’, thereby imparting what they regard as an untestable or tautological air to his exposition of the population principle. (shrink)