Interest and Disinterestedness
This chapter explores the abuse of trust when an official’s interest conflicted with that of the entrusting power or beneficiary of the trust, or where an agent’s multiple roles conflicted with each other so that the performance of a trust was compromised. Trust and interest were, it is argued, intertwined, since entrusted power demanded disinterestedness. The chapter relates the emergence of the ‘language’ of interest in the seventeenth century to debates about the competing and conflicting interests. Over the period, measures were put in place in both commercial and political office to go some way to separating competing interests and to subordinate the pecuniary self-interests of officials to the trusts from their companies or the public. Long before 1850 ‘conflict of interest’ had become an established lexicon and concept, used to debate, define and tackle corruption in office.