The themes of Stark's work are extraordinarily contemporary. He discusses economic historiography and the rational reconstruction method, issues that continue to be debated today. History and Historians of Political Economy is divided into two parts. The first section explains the beginnings of the history of economic thought as well as the theoretical and historical approaches towards the subject. The second section examines the relationship between phenomena and the explanation of phenomena theory. Stark illuminates the insights and limitations of the various approaches of study to the history of economic thought by analyzing the works of Eugen DÃ¼hring, Wilhelm Roscher, Karl Marx, Joseph Schumpeter, and many other prominent scholars.
History and Historians of Political Economy is of significant value to the studies of economics and sociology. Stark's book raises a number of critical questions: How should past theories be understood and explained? What is the relationship between ideas and events? Do economic theories reflect universal truths or relative ones? These issues are as unsettled today as when originally presented. History and Historians of Political Economy is an essential addition to the libraries of economists, political theorists, sociologists, and historians of ideas.
Thomas Robert Malthus, David Ricardo, James Mill, John Stuart Mill, and other liberals, radicals, and reformers had a hand in conceptual transformations that culminated in the advent of neoclassical economics. The population problem, the declining importance of agriculture, the consequences of industrialization, the structural characteristics of civil society, the role of the state in economic affairs, and the possible limits to progress were questions that underwent significant readjustments as the thinkers who confronted them in different times and circumstances reworked the framework of ideas advanced by Smith--transforming the dialogue between politics and political economy. By the end of the nineteenth century an industrialized and globalized market economy had firmly established itself. By exploring how questions Smith had originally grappled with were recast as the economy and the principles of political economy altered during the nineteenth century, this book demonstrates that we are as much the heirs of later images of Smith as we are of Smith himself.
Many writers helped shape different ways of thinking about economics and politics after Adam Smith. By ignoring their interventions we risk misreading our past--and also misusing it--when thinking about the choices at the interface of economics and politics that confront us today.
The author emphasizes Hobson’s doctrine of imperialism and the related theory of under-consumption for which he is best known, while arguing that the lesser known of Hobson’s doctrines—which the author describes as the ‘organic theory of surplus value’—is essential to a full appreciation of the coherence of Hobson’s thought.
Allett compares the analyses of Hobson, Adam Smith, J.S. Smith, the Webbs, T.H. Green, Bosanquet, Marx, Lenin, Keynes, and Hobson’s comrade-in-arms L.T. Hobhouse and puts in perspective the dismissive critiques of those contemporary scholars who claimed that Hobson’s work is value-laden, simplistic, and contradictory.
This study presents an integral analysis of the life, times, and thought of a profound and original thinker, whose legacy to social democratic thought has yet to be fully appreciated.