Representing Public Credit: Credible commitment, fiction, and the rise of the financial subject, 1st Edition (Hardback) book cover

Representing Public Credit

Credible commitment, fiction, and the rise of the financial subject, 1st Edition

By Natalie Roxburgh

Routledge

206 pages | 3 B/W Illus.

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pub: 2015-12-21
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Description

Public credit was controversial in seventeenth- and eighteenth-century England. It entailed new ways of thinking about the individual in relation to the State and was for many reasons a site of cultural negotiation and debate. At the same time, it required commitment from participants in order to function. Some of the debates relating to public credit, whose success was tied up in the way it was represented, find their way into contemporary fiction – in particular the eighteenth-century novel.

This book reads eighteenth-century fiction alongside works of political economy in order to offer a new perspective on credible commitment and the rise of a credit economy facilitated by public credit. Works by authors such as Daniel Defoe, Samuel Richardson, and Frances Burney are explored alongside lesser-known fictional texts, including some early it-narratives and novels of sensibility, to give a fully rounded view of the perception of public credit within England and its wider cultural and social implications. Strategies for representing public credit, the book argues, can be seen as contributing to the development of the English novel, a type of fiction whose emphasis on the individual can also be read as helping to produce a certain type of person, the modern financial subject.

This interdisciplinary book draws from economic history and literary/cultural studies in order to make connections between the development of finance and an important facet of modern Western culture, the novel.

Table of Contents

1. Historical Contexts for "The Economic Model" 2. The Public Good, Credible Framing, and Daniel Defoe’s Fictions 3. The Bank of England, Virtue, and the Pamela Controversy Chapter 4. Paper Contracts, Public Fictions, and the Money It-Narrative 5. Abstraction, Social Mediation, and the Novel of Sensibility

About the Author

Natalie Roxburgh is a research fellow at the University of Oldenburg, Germany.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS023000
BUSINESS & ECONOMICS / Economic History
BUS069000
BUSINESS & ECONOMICS / Economics / General