Wealth and Life: Essays on the Intellectual History of Political Economy in Britain, 1848-1914

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Wealth and Life completes an intellectual history of political economy begun in Riches and Poverty (1996). One of the main themes addressed in both books is the 'bitter argument between economists and human beings' provoked by Britain's industrial revolution. This book takes the argument from John Stuart Mill's contributions to the 'condition-of-England' debate in 1848 up to the decades prior to 1914 in the history of the economics profession as epitomised in the work of Alfred Marshall on economic wellbeing. The formal and informal writings of John Ruskin, Walter Bagehot, Stanley Jevons, Louis Mallet, Henry Sidgwick and John Atkinson Hobson are also examined in a sequence of closely interlinked essays that ends with consideration of the twentieth-century fate of the debate between utilitarians and romantics in the hands of E.R. Leavis, Raymond Williams and E.P.Thompson.
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Editorial Reviews

From the Publisher
'In this wide-ranging yet tightly argued and frequently brilliant work, Donald Winch presents an intellectual history of British political economy, from 1848–1914. … Winch's work, which combines fine-grained detail and lapidary prose with not inconsiderable empathy for this subjects, is a worthy addition to this exchange. It represents if not the definitive, certainly a definitive intellectual history of British political economy, from 1848–1914. Historians of economics and literature alike will profit greatly from this book.' Storia del pensiero economico
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Product Details

  • ISBN-13: 9780521887533
  • Publisher: Cambridge University Press
  • Publication date: 3/31/2009
  • Series: Ideas in Context Series, #95
  • Pages: 440
  • Product dimensions: 6.00 (w) x 8.80 (h) x 0.80 (d)

Meet the Author

Donald Winch is Emeritus Professor of Intellectual History at the University of Sussex and a Fellow of the British Academy.
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Table of Contents

1 Prologue: economists and human beings 1

Pt. I Mill's Principles 27

2 Sentimental enemies, advanced intellects, and falling profits 29

3 Wild natural beauty, the religion of humanity, and unearned increments 61

Pt. II Three Responses to Mill 89

4 'Poor cretinous wretch': Ruskin's aversion to Mill 91

5 'Last man of the ante-Mill period': Walter Bagehot 121

6 'As much a matter of heart as head': Jevons's antipathy 149

Pt. III Free Exchange and Economic Socialism 177

7 Louis Mallet and the philosophy of free exchange 179

8 Henry Sidgwick and economic socialism 203

Pt. IV Foxwell and Marshall 235

9 The old generation of political economists and the new 237

10 Wealth, well-being, and the academic economist 270

Pt. V Heretics and Professionals 295

11 'A composition of successive heresies': the case of J. A. Hobson 297

12 Academic minds 332

Appendix Mr Gradgrind and Jerusalem 367

Bibliographic abbreviations and notes 399

Acknowledgments 406

Index 409

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