William Oliver Coleman's Economics and Its Enemies: Two Centuries of Anti-Economics PDF

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Additional resources for Economics and Its Enemies: Two Centuries of Anti-Economics

Sample text

1 It was the Enlightenment’s benign posture towards the market that provoked in reaction the original Right anti-economics. And it was the calamitous conclusion of the Enlightenment in the events of 1792 and 1793 that inflamed that reaction. The trauma of the French Revolution led conservatives to seek the causes of this disaster, and in their search for the guilty some found the economic liberals were culpable. But we will contend that Right anti-economics was not restricted merely to the ‘reactionary’ champions of the Ancien Régime.

And it was the calamitous conclusion of the Enlightenment in the events of 1792 and 1793 that inflamed that reaction. The trauma of the French Revolution led conservatives to seek the causes of this disaster, and in their search for the guilty some found the economic liberals were culpable. But we will contend that Right anti-economics was not restricted merely to the ‘reactionary’ champions of the Ancien Régime. We argue that within a generation of 1789 this Right species of anti-economics was assimilated by new ‘visionary’ Right ideologies that were concerned to herald and construct a new order on the ruins of the old.

Being an Attempt to Expose the Dangerous Tendency of the Theory of Rent Advocated by Mr Ricardo, and the Writers of his School, he declared that Ricardo’s theory ‘has done more mischief to this country in misdirecting the course of the industrious classes and shaking its political institutions to their foundation, than the efforts of the most powerful declared enemies could have accomplished’ (Banfield, 1843, p. 32 Three visionaries of the enslaved society The Right anti-economics of nineteenth-century Britain that we have examined thus far was defensive, even reactionary; it was concerned to preserve, repair and buttress an old order.

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