scholarly journals LA TEORIA MONETARIA DELL’ILLUMINISMO LOMBARDO

2011 ◽  
pp. 193-240
Author(s):  
Alberto Quadrio Curzio ◽  
Roberto Scazzieri
Keyword(s):  
Political Economy ◽  
Monetary Policy ◽  
Local Context ◽  
Monetary Theory ◽  
Policy Proposal ◽  
Monetary Systems ◽  
History Of ◽  
Cesare Beccaria ◽  
Civil Laws ◽  
The Relationship

The Monetary Theory of the Lombard Enlightenment. The relationship. between economic arrangements and administrative decisions is at the core of the contributions of the Lombard economists of the eighteenth century, and it is also the main focus of this essay. Here, we wish to emphasize the importance of the history of ideas and of the history of facts in view of theory formulation and policy proposal within a framework of political economy. Theory must serve, together with history, to the governance of institutions aimed at the orderly working of economies and markets. The relationship. between economics and administration is at the root of the Milanese discussions on monetary policy that took place in the 1760s, and to which both Cesare Beccaria and Pietro Verri contributed. The interest of these discussions is twofold. On the one hand, as John Hicks pointed out, monetary disturbances throw light on the nature of money and on the problems monetary theory must address in moving from one context to another. On the other hand, monetary disturbances are important in highlighting the linkages between monetary theory and the governance of money in specific historical contexts. The writings of the Lombard Enlightenment economists are a case in point. For the Milanese monetary controversy highlights important theoretical issues concerning the governance of ‘imaginary money’, while also emphasizing the specific features of a context characterized by the integration between monetary and physical transfers on the international, and particularly European, scale. This controversy calls attention to monetary disturbances as triggers of change in monetary theory, but it also calls attention to the role of historical and institutional context in determining whether a given monetary policy may be effective or not. Monetary crises may trigger important developments in theory. At the same time, the crises highlight the objective character of structural conditions, which cannot be either unwillingly disregarded or deliberately violated. It is the task of the political economist to identify ‘a correct set of “economic laws” through the analysis of phenomena’, and outline on their basis ‘civil laws for the governance of the economy’(Quadrio Curzio). Section one of this essay (‘Monetary Disorders and Monetary Theory: A Premise’) outlines a conceptual framework for discussing the relationship. between theory, policy and historical context. Section Two (‘Economic Laws and Civil Laws’) discusses the monetary contributions of Cesare Beccaria and Pietro Verri and investigates the link between the structural properties of that ‘very delicate and complex device’ (Einaudi) that is the specific matter of monetary policy, and the civil or administrative laws and governmental decisions though which monetary policy comes into effect. Section Three (‘Monetary Theory and the Fundamental Ideas of Political Economy’) examines the links between the structure of economic systems as systems of interdependence among productive sectors and the structure of monetary systems as ‘systems of governance’ of that interdependence. Section Four (‘The Problem of “Debasement”; Monetary Disturbance and Real Standards’) focuses on the monetary controversy that triggered Beccaria’s and Verri’s contributions, and examines their attempt to identify a real standard for determining the relative value of the different currencies used for transactions on European markets. Section Five (‘Political Economy, Monetary Systems and the Practice of Monetary Policy’) considers possible developments of Beccaria’s and Verri’s contributions for what concerns the distinction between money as standard of measurement and money as means of payment. Section Six (‘Concluding Remarks’) draws the essay to close by discussing the integration between general principles of political economy and specific characteristics of ‘local’ context to be found in the monetary discussions of the Lombard Enlightenment.

Dependency in Africa: Stages of African Political Economy

1983 ◽  
Vol 9 (2) ◽  
pp. 229-247 ◽  
Author(s):  
Amechi Okolo
Keyword(s):  
Political Economy ◽  
International System ◽  
Raw Material ◽  
The West ◽  
Cheap Labour ◽  
History Of ◽  
The Common ◽  
First Contact ◽  
The Impact ◽  
The Relationship

This paper traces the history of the relationship between Africa and the West since their first contact brought about by the outward thrust of the West, under the impetus of rising capitalism, in search of cheap labour and cheap raw material for its industries and expanding markets for its industrial products, both of which could be better ensured through domination and exploitation. The paper identifies five successive stages that African political economy has passed through under the impact of this relationship, each phase qualitatively different from the other but all having the common characteristic of domination-dependence syndrome, and each phase having been dictated by the dynamics of capitalism in different eras and by the dominant forces in the changing international system. Its finding is that the way to the latest stage, the dependency phase, was paved by the progressive proletarianization of the African peoples and the maintenance of an international peonage system. It ends by indicating the direction in which Africa can make a beginning to break out of dependency and achieve liberation.

Money and the Ghetto, Money in the Ghetto

2019 ◽  
Vol 46 (3) ◽  
pp. 494-499
Author(s):  
Destin Jenkins
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
The Political ◽  
World War ◽  
Post World War Ii ◽  
Racial Capitalism ◽  
History Of ◽  
Forms Of Violence ◽  
The Relationship ◽  
The City

This essay revisits Making the Second Ghetto to consider what Arnold Hirsch argued about the relationship between race, money, and the ghetto. It explores how Hirsch’s analysis of this relationship was at once consistent with those penned by other urban historians and distinct from those interested in the political economy of the ghetto. Although moneymaking was hardly the main focus, Hirsch’s engagement with “Vampire” rental agencies and panic peddlers laid the groundwork for an analysis that treats the post–World War II metropolis as a crucial node in the history of racial capitalism. Finally, this essay offers a way to connect local forms of violence to the kinds of constraints imposed by financiers far removed from the city itself.

Office, land and subjects in the history of the Manwere fekuo of Kumase: an essay in the political economy of the Asante state

1980 ◽  
Vol 21 (2) ◽  
pp. 189-208 ◽  
Author(s):  
T. C. McCaskie
Keyword(s):  
Political Economy ◽  
General Consideration ◽  
West African ◽  
The Political ◽  
The West ◽  
Substantial Body ◽  
Material Basis ◽  
History Of ◽  
The Relationship ◽  
Over Time

The fundamental reasoning underlying this paper is that, in seeking to advance our understanding of the material basis of political power in pre-colonial African polities, particular attention must be paid to the detailed reconstruction over time of the triumviral relationship between office, land and subjects. Acknowledgement is freely made of the fact that, for many (if not most) areas of Africa, this type of reconstruction is either exceptionally difficult or frankly impossible. This paper is concerned with the West African forest kingdom of Asante (Ghana) – a case evincing considerable institutional continuity and structural vigour, and one, moreover, sufficiently richly documented to permit the type and level of reconstruction posited. Specifically, and taking into account the substantial body of research already carried out on the general political history of Asante, this paper deals with patterns of authority over land and subjects as evidenced by the offices contained within the Manwere – one of the ten administrative/military fekuo of Kumase. The Manwere was created by Asantehene Kwaku Dua Panin (1834–67), and in seeking to account for the political imperatives underlying the foundation, the paper explores the context of the reign and the biography and career of the first Manwerehene, Kwasi Brantuo. Particular attention is paid throughout to the way in which the relationship between office, land and subjects within the Manwere was modified or otherwise altered by the nature of the political vicissitudes through which the Asante polity passed in the period between – broadly – the mid-nineteenth and mid-twentieth centuries. Underlying the paper, and supplying context to its conclusions, is a general consideration of the philosophy of the Asante ethic concerning such matters as wealth and accumulation, the nature of authority, and the conceptualization of citizenship.

scholarly journals Judicial Legislations and the Tribal Claims System in the Royal Period: A Documentary Study

2021 ◽  
Vol 32 (1) ◽  
pp. 106-116
Author(s):  
Ahmed Abdul Wahid Abdul Nabi
Keyword(s):  
Human Development ◽  
Contemporary History ◽  
British Occupation ◽  
Legal Problems ◽  
History Of ◽  
Historical Methodology ◽  
Measurement And Evaluation ◽  
The Individual ◽  
Civil Laws ◽  
The Relationship

The present research tackles a number of historical facts and incidents with a purely legal dimension in an important stage in the contemporary history of Iraq, especially the era of the British occupation. This resulted in innumerable social, political and legal problems, particularily the judicial legislation problems in Iraq. These legislations included a set of civil laws and in force governmental procedures that will be discussed historically by examining documents issued by the Ministries of Justice and Interior Affairs in the governments of monarchy for the period from 1921-to-1958. The data of the present paper relied on the Iraqi Library and Archives, (hence DKW). The study adopted the narrative historical methodology when investigating the judicial legislations in the royal era from 1921-to-1958. The scale adopted was the contemporary measurement and evaluation in the Iraqi contemporary history. Finally, the results revealed that the history of the penal procedures in the royal era was those multiple attempts to reconcile between the two types of penal procedures that represent the history of the relationship between the individual and the state. Such legislations were set according to the circumstances of each country and to the level of its intellectual, social, political and human development to serve primarily the interests of the British occupation, and  fulfill the desires of the influential class in the royal era. Because these legislations and laws were not based on modern scientific theories, many people were wronged, including the judicial authority and legal clerks who complained from their implementation and their continual application on Iraq for all this period.

scholarly journals A study on the writing method of the history of socialist political economy with Chinese characteristics

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lin Zhang
Keyword(s):  
Political Economy ◽  
Design Methodology ◽  
Economic Policies ◽  
Content Type ◽  
Theoretical Contribution ◽  
Chinese Characteristics ◽  
History Of ◽  
Development Route ◽  
The One ◽  
The Relationship

PurposeExpanding the research on traditional history of economic ideology into the research on the history of economics composed of three elements – history of ideology, history of policies and events – is a new idea for researching the history of socialist political economy with Chinese characteristics. The start of the history of socialist political economy with Chinese characteristics is consistent with that of the Sinicization of Marxist political economy and can be dated from at least 1917.Design/methodology/approachThe key point of the research on the history of ideologies of the socialist political economy with Chinese characteristics is to treat the relationship between theory and people properly, i.e. we should not neglect the effect brought out by the economists on theory construction while we attach importance to the theoretical contribution of the leaders and leading group of the Communist Party of China (CPC).FindingsFor the research on the history of economic policies of socialist political economy with Chinese characteristics, on the one hand, we should clarify the relationship among ideologies, strategies and policies; on the other hand, we should not evade the summarization of lessons from history.Originality/valueBesides presenting the development route of socialist political economy with Chinese characteristics under competition, the research on the events in the history of socialist political economy with Chinese characteristics should also help develop the socialist political economy with Chinese characteristics.

scholarly journals Journal of the History of Economic Thought Preprints - Beyond Say’s Law: The Significance of J.-B. Say’s Monetary Views

2017 ◽  
Author(s):  
Guy Numa ◽  
Alain Béraud
Keyword(s):  
Political Economy ◽  
Economic Thought ◽  
Complete Picture ◽  
History Of Economic Thought ◽  
Monetary Theory ◽  
Economic Crises ◽  
History Of ◽  
The Subject ◽  
The Many ◽  
Proper Context

Say’s notion of débouchés has not been correctly understood, for lack of proper context within the framework of his broader political economy. We revisit Say’s writings on this topic, retrace the concept’s evolution, and lay out a framework that better illustrates the essence of Say’s thinking. We argue that Say’s theories on money and economic crises are much richer and more sophisticated than the traditional interpretation of Say’s law would suggest. Say himself acknowledged that his monetary theory contradicted his initial articulations of the law, a point often missed by contemporary observers. This essay paints a more complete picture of Say’s work, showing how monetary changes could, under his framework, affect real variables. In so doing, it cuts against the many simplistic interpretations that pervade the existing literature on the subject.

Zionism: The Real Enemy of the Jews, Volume 1: The False Messiah, Alan Hart, Atlanta: Clarity Press, 2009; Zionism: The Real Enemy of the Jews, Volume 2: David Becomes Goliath, Alan Hart, Atlanta: Clarity Press, 2009; Zionism: The Real Enemy of the Jews, Volume 3: Conflict Without End, Alan Hart, Atlanta: Clarity Press, 2010

2012 ◽  
Vol 20 (3) ◽  
pp. 159-180
Author(s):  
Max Ajl
Keyword(s):  
Political Economy ◽  
Middle East ◽  
Capital Accumulation ◽  
American Foreign Policy ◽  
The United States ◽  
Special Relationship ◽  
Main Determinant ◽  
The Real ◽  
History Of ◽  
The Relationship

AbstractThis review-essay looks at a recent trilogy of works on Israeli history, the political history of the relationship between the United States and Israel, and the effect of the Israel lobby on the relationship between the two states. While the books attempt to construct a narrative that essentially blame the lobby for close to one hundred years of American malfeasance in the Middle East, they falter due to their idealism, their weak grasp of regional political economy and American capital accumulation, and their conspiracism. Instead, this review proposes a reinterpretation of regional political economy, materially grounding the lobby and the Special Relationship while situating the two within the patterns of accumulation pushed by Jonathan Nitzan and Shimshon Bichler’s ‘weapondollar-petrodollar coalition’, the main determinant of American foreign policy in the Middle East.

scholarly journals Farewell to the “Party Period”: Political Economy in Nineteenth-Century America

2004 ◽  
Vol 16 (2) ◽  
pp. 117-125 ◽  
Author(s):  
Richard R. John
Keyword(s):  
Public Policy ◽  
Political Economy ◽  
The United States ◽  
The State ◽  
Single Word ◽  
Nineteenth Century America ◽  
History Of ◽  
Governmental Institutions ◽  
The Relationship ◽  
American Political Economy

Historians of the United States have long contended that the study of governmental institutions, including the history of public policy, is no longer central to the teaching and writing of American history. Some lament this development; others hail it as a sign that other worthy topics are finally getting the attention they deserve. Yet is it true? The recent outpouring of scholarship on the relationship between the state and the market, or what an earlier generation would have called political economy, raises questions about this venerable conceit. Indeed, if one were to pick a single word to characterize the state of the field in the history of American political economy, it might well be “robust.”

Capitalism, Colonialism, and the War on Human Life

2019 ◽  
Vol 27 (1) ◽  
pp. 253-268
Author(s):  
Jeff Noonan
Keyword(s):  
Political Economy ◽  
Human Life ◽  
Ethical Problem ◽  
Western Philosophy ◽  
Important Distinction ◽  
Affirmation Of Life ◽  
Novel Material ◽  
History Of ◽  
Ethical Norms ◽  
The Relationship

Abstract Dussel’s complex work calls into question the standard history of philosophy, reveals a counter-history at work beneath the official history that gives voice to the victims of capitalism and colonialism, and systematically develops a novel ‘material ethics’ grounded in an unqualified, universal affirmation of life as the foundation of liberatory values. The Ethics of Liberation brings together the major problems explored in Dussel’s prolific body of earlier work: the relationship between Western philosophy and the expansion of European society; the relationship between centre and periphery in global political economy, considered as both a philosophical and an ethical problem; the ethical interpretation of Marxism; the politics of liberation in the colonial context; the defence of universal foundations of ethical norms; and the (all-important) distinction between formal and critical ethics.

The End of Neoliberalism?

2011 ◽  
Vol 637 (1) ◽  
pp. 141-147 ◽  
Author(s):  
John Comaroff
Keyword(s):  
Political Economy ◽  
Public Debate ◽  
The State ◽  
Common Noun ◽  
First Century ◽  
Finance Capital ◽  
History Of ◽  
Twenty First Century ◽  
The Relationship

In the wake of the economic “meltdown” of 2008, there arose considerable public debate across the planet over the fates and futures of neoliberalism. Had it reached its “natural” end? What, historically, was likely to become of “it”? How might the crisis in the Euro-American economies of the period transform the relationship between economy and the state? This article addresses these questions. It argues against treating neoliberalism as a common noun, a fully formed, self-sustaining ideological project and makes the case that its adjectival and adverbial capillaries alive, well, and, if in complicated ways, central to the unfolding history of contemporary capitalism. Finally, the article offers a reflection on the ways in which twenty-first-century states have become integral to the workings of finance capital, with important consequences for the conception of political economy.

Sign in / Sign up

Export Citation Format

Share Document