1st Edition

The Economic Thought of Sir James Steuart First Economist of the Scottish Enlightenment

Edited By José M. Menudo Copyright 2020
284 Pages 1 B/W Illustrations
by Routledge

282 Pages 1 B/W Illustrations
by Routledge

282 Pages 1 B/W Illustrations
by Routledge

James Steuart published An Inquiry into the Principles of Political Œconomy in 1767, the first systematic treatise on economics, nine years before Adam Smith’s Wealth of Nations. Traditional historiography has tended to disregard and even deny Steuart’s oeuvre, categorizing him as the last, outdated advocate of mercantilist policies in Britain. A clear portrait of a modernizing and... Read more

Foreword Ramón Tortajada



Part I: A Society Without Invisible Hands



1. James Steuart on the Public Good Christopher J. Berry



2. The Sociogenesis of the Modern State in Sir James Steuart’s Principles of Political Economy Matari Pierre Manigat



3. James Steuart: Slavery and Commercial Society in his Principles of Political Economy Simona Pisanelli



4. Beyond Montesquieu: Scottish Institutional Legal Thought and Steuart’s Spirit of the People Aida Ramos  



5. The Notion of Political Economy in Steuart's and Smith's Main Works Francis Clavé  



Part II: Money, Prices, and Production



6. James Steuart on John Law’s System: The Beginnings of a Rational Monetary Analysis? Jean Cartelier



7. ‘Writings on Money Full of Instruction’: Steuart and Ricardo as two squabbling bedfellows Ghislain Deleplace



8. James Steuart: A Modern Approach to the Liquidity and Solvency of Public Debt Nesrine Bentemessek and Rebeca Gomez Betancourt 



9. Steuart’s Naïve Theory of Money and Credit: A Macroeconomic Perspective Shigeki Tomo 



10. Determination of Prices in the Economic Theory of James Steuart From a Modern Classical Perspective Alexander Tobon



Part III: Readers and Readings of James Steuart



11. James Steuart Versus Adam Smith: Tempest in a Teapot? Eyüp Özveren  



12. Steuart and Davenant on Financing Wars Yutaka Furuya



13. Steuart, A Late Mercantilist? Mauricio C. Coutinho



14. Steuart, Hegel, Chamley: A Case Upon the Nature of ‘Influence’ Gilles Campagnolo



 15. Giovanni Tamassia and the Early Italian Reception of Steuart’s Principles of Political Economy Cecilia Carnino

Biography

José M. Menudo is Professor of History of Economic Analysis at Pablo de Olavide University, Spain.