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Article: "New political economics" then and now: Economic theory and the mutation of political doctrine. (Historical Perspectives).
- Article from:
- The American Journal of Economics and Sociology
- Article date:
- January 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Blackwell Publishers Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I
Introduction
THE TERM "POLITICAL ECONOMY" seems to have entered modern discourse for the first time in 1611 in a treatise on government by L. de Mayerne-Turquet (Groenewegen 1987, pp. 904-906). Four years later a fellow "Consultant Administrator," Antoyne de Montchretien, Sieur de Watteville (c.1575-1621), published his Traicte de I'oeconomie politique ([1615] 1889), which though "a mediocre performance and completely lacking in originality" (Schumpeter 1954, p. 168), marks the beginning of an intellectual enterprise that has continued--with some large ups and downs--to this day. The object of that enterprise is to generalize Aristotle's ...
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