An Essay on the State of England (John Cary 1695)
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http://hbswk.hbs.edu/item/6853.html?wknews=11092011
The Forgotten Book that Helped Shape the Modern Economy
Published: | November 7, 2011 |
Author: | Sean Silverthorne |
Executive Summary:
A British merchant's long-forgotten work, An Essay on the State of England, could lead to a rethinking of how modern economies developed in Europe and America, and add historical perspective on the proper relationship between government and business. An interview with business historian Sophus A. Reinert. Key concepts include:
- Like sifting through archaeological layers, the various translations of John Cary's influential but all-but-forgotten Essay on the State of England reveal how his ideas both influenced and were modified in the economic development of Western nations.
- Many modern scholars view the emergence of the modern political economy through a lens of laissez-faire, when in fact government interventions during the 1700s were frequent and determined. The reigning idioms of political economy, its proposals, and their implementation in the eighteenth century were very different from the ideas later celebrated by the economics profession.
An Essay on the State of England (John Cary 1695)
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