By Albert O. Hirschman

During this quantity, Albert Hirschman reconstructs the highbrow weather of the 17th and eighteenth centuries to light up the problematic ideological transformation that happened, in which the pursuit of fabric interests--so lengthy condemned because the lethal sin of avarice--was assigned the function of containing the unruly and damaging passions of guy. Hirschman the following bargains a brand new interpretation for the increase of capitalism, person who emphasizes the continuities among outdated and new, not like the belief of a pointy holiday that is

a universal function of either Marxian and Weberian considering. one of the insights awarded this is the ironical discovering that capitalism was once initially speculated to accomplish precisely what was once quickly denounced as its worst function: the repression of the passions in desire of the "harmless," if one-dimensional, pursuits of business lifestyles. To painting this long ideological swap as an endogenous procedure, Hirschman attracts at the writings of a big variety of thinkers, together with Montesquieu, Sir James Steuart, and Adam Smith.

Featuring a brand new afterword via Jeremy Adelman and a foreword through Amartya Sen, this Princeton Classics variation of The Passions and the pursuits sheds mild at the elaborate ideological transformation from which capitalism emerged positive, and reaffirms Hirschman's stature as certainly one of our such a lot influential and provocative thinkers.

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Extra resources for The Passions and the Interests: Political Arguments for Capitalism before Its Triumph (Princeton Classics)

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Personal authority such as that exemplified by Bulgaria and Romania is based on a very high concentration of resources in the hands of a limited number of individuals who control access to public and private goods. It is therefore accompanied by a nearly nonexistent civil society and a very low level of institutionalization. Examining certain individual cases does reveal, however, that similar political configurations can, on the condition of very close relationships between political and business leaders, produce a highly propitious environment for economic exchanges.

19 belonged to leagues, the most famous being the Hanseatic League that was formed in the thirteenth century and functioned until the seventeenth century (although its ultimate significance for these three countries should not be exaggerated). The second group includes the countries of Central Europe: present-day Poland, the Czech Republic, Slovakia,16 and Hungary,17 all of which share the characteristic of having been linked to more highly developed countries and empires, with Prussia the driving force behind unified Germany and the Habsburg Empire that became AustriaHungary.

Both cases raise questions about the development and transformation model in countries driving regional economies—Japan and Germany—and the impossibility, for an array of reasons, of transferring rules from developed economies to others that do not share similar historical trajectories or political orientations. The first case (presented in chapter three) relates to economic and social transitions that have taken place in Southeast Asia, which illustrate how economies protected by national public policies of import substitution industrialization (ISI) shift in the direction of policies that Political Capitalism and Market Economies 43 center on the f lows of globalization and thus of export-oriented industrialization (EOI).

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