Intellectual History of Economic Normativities

The book investigates the many ways that economic and moral reasoning interact, overlap and conflict both historically and at present. The book explores economic and moral thinking as a historically contingent pair using the concept of economic normativit

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MIKKEL THORUP

Intellectual History of Economic Normativities

Mikkel Thorup Editor

Intellectual History of Economic Normativities

Editor Mikkel Thorup Institute for Culture and Society Aarhus, Denmark

ISBN 978-1-137-59415-0 ISBN 978-1-137-59416-7 DOI 10.1057/978-1-137-59416-7

(eBook)

Library of Congress Control Number: 2016944735 © The Editor(s) (if applicable) and The Author(s) 2016 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Nature America Inc. New York

CONTENTS

1 Introduction: Profiting from Words Mikkel Thorup 2

3

4

5

1

The Greed of Gold: Early Modern Conceptions of Money, Nature and Morals Jakob Bek-Thomsen

25

Trade is a Kind of Warfare: Mercantilism and Corporations in the Thought of Josiah Child Mathias Hein Jessen

41

The Wedel-Jarlsberg-Controversy: Defending the Existing Order against the Reform-Movement in Late Eighteenth-Century Denmark Eva Krause Jørgensen The Emergence of the Concept “Political Economy” Nicolai von Eggers

6 Equilibrium, Natural Order and the Origins of Normative-Deductive Economics Stefan Gaarsmand Jacobsen

57

73

91

v

vi

7

8

9

CONTENTS

Representation and Taxation: Fiscality, Human Rights and the French Revolution Jonas Ross Kjærgård

107

Political Economy at Work: Explaining the Results of Machinery in 1830s Britain Thomas Palmelund Johansen

123

The Crisis Is the Social Organism’s Mastering of Itself: A Conceptual and Economic History of the Problem of Crisis Bue Rübner Hansen

139

10 When Finance Became Productive, Scientific and Liberating: A Moral History of Financial Speculation Christian Olaf Christiansen

155

11 The Economics of Starvation: Laissez-Faire Ideology and Famine in Colonial India Rune Møller Stahl

169

12 The Economic Normativity of British Fiscal Administration in Egypt and Nigeria, 1882–1914 Casper Andersen

185

13 Talking the Creative Economy i