The Foundations of Laissez-faire
Economics of Pierre de Boisguilbert (Routledge Studies in the History of Economics)
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|Format: ||Hardback, 208 pages|
|Published In: ||United Kingdom, 29 April 1999|
At the end of the seventeenth centrury a new theoretical approach in economics emerged through the writings of Pierre de Boisguilbert (1646-1714). Biosguilbert's work, a landmark in the establishment and development of liberal economics, not only develops the theoretical foundations of laissez-faire, it also consitutes a substantial analysis of the behaviour of economic agents in the generation of proposerity and depression. This is the first full length study of Boisguilbert's work to appear in English. It contains an extended discussion of the context in which Boisguilbert worked, as well as a detailed analysis of his life and work.
Table of Contents
Introduction 1. The Context (I). Social and Political Augustinianism 2. The Context (II). On Some Problems in the Governing of an Ordered State 3. Equilibrium (I). The Social Classes Approach: From the "State of Innocence" to the "Polished and Magnificent State" 4. Equilibrium (II). The Market Approach: The Foundations of Equilibrium and of Free Trade 5. Destablishing Shocks (I). Court Language and Merchant Truth 6. Destablishing Shocks (II). Market Strategies: The Propagation of Disequilibrium Conclusion Appendix
"To a modern economist, the most striking feature of Buisguilbert's work is its resemblance to Keynesian economics. Facarello does s good job of sketching the main parallels. Perhaps this plaint is not so much a criticism of Facarello as it is a statement that despite his workman effort, much remains to be done. Anglo-Saxon scholards of French pre-Smithian economic though will find this book useful, if for no other reason that the dearth of secondary sources on Buisguillbert in English. This book is a welcome addition to a sparse literature in which little new or original research has emerged over the past three decades. - History of Political Economy, Robert F. Hebert, Auburn University."
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