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New Light on the Origins of Modem Economics*
†
*A survey article of some new literature on this subject produced since the early 1970s and specifically inspired by a critical reading of Hutchison's Before Adam Smith The Emergence of Political Economy 1662–1776 (Oxford, Blackwell, 1988). This survey has been adapted from a paper on the emergence of economics as a science presented to a seminar at the History of Ideas Unit, Australian National University in June 1988. For assistance in this transformation I am indebted to participants at that seminar (especially Knud Haakonssen. Eugene Kamenka and Melvin Richter) and in addition to Tony Aspromourgos, Terence Hutchison. Michael White. Philip Williams and an anonymous referee.
Abstract
This paper reviews recent books on the 17th- and 18th-century economics for the Lght rhq shed on the origins of economics wuh porticular reference 10 Hutchison's Before Adam Smith. The three sections focus successively on the role of secularization in the origins of economics, Hutchinson's chronological divisions as used in his book, and some relationships between this part of the history of thought and modern controversy. The importance of recent research on Jansenist theology and economic order, pre-Smithian economics as crucial to understanding identification of an alternative surplus approach or production-exchange dual in economics are emphasized in sections 1 and 3 respectively.
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