The Passions and the Interests: Political Arguments for Capitalism before Its Triumph

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Princeton University Press, Oct 6, 2013 - Business & Economics - 192 pages
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In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests--so long condemned as the deadly sin of avarice--was assigned the role of containing the unruly and destructive passions of man. Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism was originally supposed to accomplish exactly what was soon denounced as its worst feature: the repression of the passions in favor of the "harmless," if one-dimensional, interests of commercial life. To portray this lengthy ideological change as an endogenous process, Hirschman draws on the writings of a large number of thinkers, including Montesquieu, Sir James Steuart, and Adam Smith.


Featuring a new afterword by Jeremy Adelman and a foreword by Amartya Sen, this Princeton Classics edition of The Passions and the Interests sheds light on the intricate ideological transformation from which capitalism emerged triumphant, and reaffirms Hirschman's stature as one of our most influential and provocative thinkers.

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User Review  - thcson - LibraryThing

In the foreword of my edition Amartya Sen maintains that the passions / interests contrast analyzed here is more extraordinary than the "alleged conundrum" of unintended effects in market theory. That ... Read full review

LibraryThing Review

User Review  - vegetarian - LibraryThing

The AUTHOR of _Exit, Voice, and Loyalty_ wrote this at the Princeton Institute for Advanced Study in NJ before leaving Harvard a few years later and spending the rest of his career at Princeton IoAS Read full review

Contents

Introduction
3
PART ONE How the Interests were Called Upon to Counteract the Passions
7
PART TWO How Economic Expansion was Expected to Improve the Political Order
67
PART THREE Reflections on an Episode in Intellectual History
115
Afterword
137
Notes
145
Index
155
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About the author (2013)

Albert O. Hirschman (1915-2012) was one of the leading intellectuals of the twentieth century, renowned for his contributions to economics, the social sciences, and the history of ideas. He is the author of many books, including the influential Exit, Voice, and Loyalty and The Strategy of Economic Development.

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