© 2017 – Routledge
210 pages | 9 B/W Illus.
Why do critics and celebrants of globalization concur that international trade and finance represent an inexorable globe-bestriding force with a single logic? The Known Economy shows that both camps rest on the same ideas about how the world is scaled. Two centuries ago romantic and rationalist theorists concurred that the world was divided into discrete nations, moving at different rates toward a "modernity" split between love and money. Though differing over whether this history is tragedy or triumph, they united in projecting an empty "international" space in which a Moloch-like global capitalism could lurk.
The Known Economy tracks the colonial development of national accounting and re-examines the ways gender and heteronormativity are built in to economic representation. It re-interprets the post-WWII spread of standardized economic statistics as the project of international organizations looking over the shoulders of national governments, rather than the expanding power of national governments over populations.
"Incisive, illuminating, and strikingly original, The Known Economy is a lucid and erudite account of how modernist knowledge practices (especially those of economists) came together with the post-war international system to create what the author terms "the modern world scale". Danby's engaging and eye-opening tale should dispel once and for all the idea that national accounting is dull!" - James Ferguson, Susan S. and William H. Hindle Professor in the School of Humanities and Sciences, Standford University
"An incisive genealogical critique of Modernist economics, The Known Economy adds a fresh dimension to postcolonial studies. Colin Danby's analysis of the origination, in Economics, of the category known as "world scale" demonstrates the complicity of the international in the national, and challenges postcolonial theory to rethink its perspective on nationalism and the nation state. For far too long, Economics has been no more than a concept metaphor in postcolonial studies, and Danby's work remedies this situation and demonstrates the infrastructural imperatives of economics and economic accounting at work in the worlding of the postcolonial imaginary" - R. Radhakrishnan is Chancellor's Professor of English and Comparative Literature at the University of California, Irvine.
Preface and acknowledgments
Introduction: Sarkozy versus GDP
Part 1: The Voice of EconomyIntroduction to Part I
1. Love or Money
2. A Jewish Economy in Palestine
3. Body of the Nation
4. Shape of the World
5. Discovering Economies in British Africa
6. The IMF Makes the World
Part 2: Romantic Responses
Introduction to Part Two
7. Romantic Political Economy
8. Shock of the Modern
9. Jameson’s Postmodern
10. Spirit of Finance
Part 3: Opening Up11. Time and Finance
12. Numbered Things
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