Constructing Economic Science: The Invention of a Discipline 1850-1950 by Keith Tribe

Author:Keith Tribe [Tribe, Keith]
Language: eng
Format: epub
ISBN: 9780190491741
Google: 3QNREAAAQBAJ
Amazon: 0190491744
Published: 2021-12-21T05:07:36+00:00

Toynbee abandoned the essay in part because he believed that Bagehot’s Economic Studies covered the same ground.45 However, as the reader passes from this first essay to the following 14 lectures, there is a marked shift of structure and argument, and this is something that repays some attention.

The lectures were dedicated to the ‘industrial revolution’—Toynbee’s own title for the book—and they deal with the economic transition in England from the later eighteenth to the early nineteenth century. The writings of Adam Smith, Robert Malthus, and David Ricardo are deployed as representative of three separate stages of this transition: on the eve, in the midst of the process, and postwar England. This structure is all explained in the opening paragraph, and so a radical departure from the way Toynbee usually begins. By placing ‘abstract propositions’ in their context, it is said that they can be rendered ‘more vivid and less likely to mislead’; while studying history in connection with political economy enables many phenomena to be properly accounted for.46 This much can be found elsewhere in Toynbee’s writings; but consider the following:

The Historical Method … examines the actual causes of economic development and considers the influence of institutions, such as the mediæval guilds, our present land-laws, or the political constitution of any given country, in determining the distribution of wealth.47

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