Liberty And Equality In Political Economy

Liberty and Equality in Political Economy is an evolutionary account of the ongoing debate between two narratives: Locke and liberty versus Rousseau and equality. Within this book, Nicholas Capaldi and Gordon Lloyd view these authors and their texts as parts of a conversation, therefore highlighting a new perspective on the texts themselves.

"Lord Robbins's principal works": p. 24.

Captures the 17th-19th century origins and developments ofpolitical economy by editing original texts and illuminatingtheir relevance for today's political debate Political economy from the 17th century to the present can be captured in two narratives originating with Locke and Rousseau. Those original narratives were expanded in significant ways in the 18th and 19th centuries, and the editors argue that they still hold sway today. Edited original writings included in the anthology are from: Locke, Rousseau, Adam Smith, Tocqueville, Mill, Marx, Proudhon, Owen, the Federalist Papers, the French Declaration of the Rights of Man and the Citizen, and the American Constitution. The editors have restricted their comments to the extensive introductions thereby allowing the original participants to speak for themselves. The readings included are intended to be instructive with respect to the origin and development of the two narratives rather than an exhaustive account of how thinkers and writers on economics advance the discipline of economics as a social science. Reviews "The editors provide a compelling collection to critically frame the clash of Political Economy which shapes modern democracies. Their selections and introductions expertly paint a picture of the contending schools to suggest how enduring these core challenges remain. By placing these writers within this great debate, the authors guide students to discover the essential questions of liberty, equality, and the proper role of the state at the core of the American economic debate." —Roberta Q. Herzberg, Utah State University Political Science "The real service performed by Capaldi and Lloyd is to provide generous excerpts from supporters of both narratives so that the reader can determine for themselves who best makes their case. I recommend this volume highly both to the individual interested in learning about the intellectual and political history of political economy and to the professor in search of a one-volume anthology on political economy for use in a course on economic thought." —Steven D. Ealy, Senior Fellow, Liberty Fund, Inc.

This book discusses a set of radical changes in economic institutions and policies designed to show an efficient but socially acceptable third way between Keynesian inflation and monetarist unemployment, and between the inefficiencies of socialist centralisation and the ravages of unrestrained capitalist competition. It consists of a reprint of Efficiency, Equality and the Ownership of Property together with four recent papers including a highly revised version of the well-known tract Agathotopia: The Economics of Partnership.

A comprehensive study of Mill's theory of liberty, uncovering Mill's solution to the problem of democracy, the tyranny of the majority

This book examines Adam Smith’s main principles in Wealth of Nations as the basis for effective policymaking. Adam Smith wanted to increase happiness through this formula for a good life: equality, liberty, and justice. Free market interpretations of Smith, the book argues, grossly misrepresent his thought, emphasizing only liberty and not also equality and justice. This book suggests policies that combine all three in order for happiness to be maximized.