Can someone please comment on whether or not the following is correct?
The meaning of the expression "political economy", as it is used today, is
not identical with the meaning of the expression "political economy", as it
was used by Marx and his contemporaries. In today
Encyclopedia Britannica:
POLITICAL ECONOMY
branch of social science, which later developed into economics, concerned
with the raising of revenue by the state and the increase of the state's
general resources. The term was introduced about the beginning of the 17th
century to describe the study o
At 02:34 PM 4/7/00 -0400, you wrote:
>Can someone please comment on whether or not the following is correct?
>
>The meaning of the expression "political economy", as it is used today, is
>not identical with the meaning of the expression "political economy",
[...]
To the present moment Political Economy, in Germany, is a foreign science.
Gustav von Gulich in his "Historical description of Commerce, Industry,"
&c., especially in the two first volumes published in 1830, has examined
at length the historical circumstances that prevented, in Germany, th
"Political economy" is also associated with the idea of economics as a
"moral science". This goes back to Aristotle's idea of "oeconomia" as
household and political management with a view to the acquisition for
members of the family and the political community of the means to a "good
life".
"t
The key to the use of the term is Marshall.
Editorial note from Marshall's principles
Vol. 2, p. 160, editorial note: "It may be noted that Marshall was largely
responsible for the replacement in common usage of the older term "Political
Economy" by the single word "Economics". His reasons for
Ted Winslow wrote:
Ted's description of Marshall seems to follow Keynes's description of Marshall.
Keynes's Marshall is an attractive figure. The real Marshall was not. While he
would, in his earlier years and even from time to time in the Principles, make
idealistic statements about labor, he
The term, political economy, grew out of the earlier turn, economy, which meant
the management of an estate. In the 17th century, Montechretian wrote the first
book using the term political economy. He meant managing not just a single
estate, but the whole state. It was not so much that it was
>As I mentioned in the last note, Marshall was instrumental in formalizing
economics,
>because he resented people from other fields interjecting themselves into
economic
>debates.
>--
>Michael Perelman
Thank goodness he's not subbed to PEN-L.
Louis Proyect
Marxism mailing list: http://www.marxma
[EMAIL PROTECTED] wrote:
> I have always liked Branko Horvats definition of political economy
> as "a fusion of economic and political theory into one single social
> theory."
This implies that they were ever separate. The allocation of resources
is obviously the most political of acts, and th
The term 'international political economy' is/was used by international
political scientists like Susan Strange - their use of the the term is
almost entirely unrelated to its use by Smith or Marxians or Buchanan
(in case things weren't confusing enought).
Barnet Wagman
email: [EMAIL PROTECTED]
Michael Perelman quoted the following passage from Marshall's *The Economics
of Industry*:
>The Economics of Industry (1879), p. 2: "The
> nation used to be called 'the Body Politic'. So long as this phrase was in
> common use, men thought of the interests of the whole nation when they used
> t
Usually today people use the term when they are writing are the margins of
neo-classical economics (that includes Buchanan).
Barnet Wagman wrote:
> The term 'international political economy' is/was used by international
> political scientists like Susan Strange - their use of the the term is
> a
At 10:34 AM 04/08/2000 -0500, you wrote:
>The term 'international political economy' is/was used by international
>political scientists like Susan Strange - their use of the the term is
>almost entirely unrelated to its use by Smith or Marxians or Buchanan
>(in case things weren't confusing enough
Ted, why are you "radicalizing" Marshall and Keynes? In the final
analysis, they are fundamentally different from Marx? aren't they?
Mine
Ted wrote:
Another illustration of this influence, an illustration connected to this
first one, is Marshall's Marxist treatment of labour in capitalism as
Mine asks:
>
> Ted, why are you "radicalizing" Marshall and Keynes? In the final
> analysis, they are fundamentally different from Marx? aren't they?
>
I don't think the study of ideas in general or of the history of ideas in
particular is an intellectual version of World Wide Wrestling.
I'm
That is not the case in Canada. Here it is more usually associated with the
left nationalist.
Rod
Michael Perelman wrote:
> Usually today people use the term when they are writing are the margins of
> neo-classical economics (that includes Buchanan).
>
> Barnet Wagman wrote:
>
> > The term 'int
>Usually today people use the term when they are writing are the margins
>of
>neo-classical economics (that includes Buchanan).
>Barnet Wagman wrote:
>> The term 'international political economy' is/was used by international
>> political scientists like Susan Strange - their use of the the term
Michael wrote:
> Usually today people use the term when they are writing are the margins of
> neo-classical economics (that includes Buchanan).
>
I have always liked Branko Horvats definition of political economy
as "a fusion of economic and political theory into one single social
theory."
I
Ted wrote:
>For these purposes, the category "bourgeois thinker" is not merely not
>helpful it's disabling since it prevents us from examining ideas with what
>Keynes and Gadamer call "good will".
Mine didn't use the phrase "bourgeois thinker," but I agree: one can learn
from people like Keyne
>That is not the case in Canada. Here it is more usually associated with
>the
>left nationalist.
very true point, Rod! I have always beleived that there is something
interesting to look at in canadian leftism, eventhough canada
is one of the core capitalist powers. Once, the left was associate
>In Canada, as Rod indicates, it has taken a very special meaning
>as indicated in this quote from Wally Clement and Glen Williams,
>edicated collection _The New Canadian Political Economy_.
>"while political economy is based on a tradition that investigates
>the relationship between economy
Mine wrote:
>
>However,as you
> know, there are some Marxists in the Marxist tradition who uncritically
> subcribe to the notions of "orthodox" economics and free market
> capitalism. This, I would charecterize as economic determinism, has
> interesting commonalities with liberal economics since
true. that is what I "meant"...
Mine
Ted wrote:
>I didn't intend to suggest that Mine had used the phrase "bourgeois
>thinker". What I was getting at was the idea that seemed implicit in her
>question that Marshall and Keynes could not have radical ideas because
>they
>were not in some sense
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