Back to Search Start Over

'Trade and Nation: How companies and politics reshaped economic thought'.

Authors :
Knight, Carly
Source :
British Journal of Sociology. Sep2024, Vol. 75 Issue 4, p671-673. 3p.
Publication Year :
2024

Abstract

In the article "Trade and Nation: How Companies and Politics Shaped Economic Thought," Emily Erikson explores the historical development of economic thought and its relationship to morality and power. Erikson argues that early medieval economic thinking was primarily concerned with morality and justice, but during the 17th century, English economic thought underwent a radical change, focusing on growth and national prosperity. Erikson suggests that this shift was influenced by the rise of English chartered corporations, which created a public sphere where merchants discussed commerce and trade. The article also highlights the legitimation strategies used by merchants to advocate for their interests and the impact of interaction and power on the development of economic thought. This analysis challenges the traditional view of Adam Smith as the father of classical economics and emphasizes the importance of incorporating morality into market discussions. [Extracted from the article]

Details

Language :
English
ISSN :
00071315
Volume :
75
Issue :
4
Database :
Academic Search Index
Journal :
British Journal of Sociology
Publication Type :
Academic Journal
Accession number :
179411908
Full Text :
https://doi.org/10.1111/1468-4446.13096