Carl Wennerlind's Books

Casualties of Credit

The English Financial Revolution, 1620–1720

By: Carl Wennerlind

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Casualties of Credit

The English Financial Revolution, 1620–1720

By: Carl Wennerlind

Modern credit, developed during the financial revolution of 1620–1720, laid the foundation for England’s political, military, and economic dominance in the eighteenth century. Possessed of a generally circulating credit currency, a modern national debt, and sophisticated financial markets, England developed a fiscal–military state that instilled fear in its foes and facilitated the first industrial revolution. Yet a number of casualties followed in the wake of this new system of credit. Not only was it precarious and prone to accidents, but it depended on trust, public opinion, and ultimately violence. Carl Wennerlind reconstructs the intellectual context within which the financial revolution was conceived. He traces how the discourse on credit evolved and responded to the Glorious Revolution, the Scientific Revolution, the founding of the Bank of England, the Great Recoinage, armed conflicts with Louis XIV, the Whig–Tory party wars, the formation of the public sphere, and England’s expanded role in the slave trade. Debates about credit engaged some of London’s most prominent turn-of-the-century intellectuals, including Daniel Defoe, John Locke, Isaac Newton, Jonathan Swift and Christopher Wren. Wennerlind guides us through these conversations, toward an understanding of how contemporaries viewed the precariousness of credit and the role of violence—war, enslavement, and executions—in the safeguarding of trust.

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Page Count

361

Publisher

Harvard University Press

Published Date

ISBN 10

0674062663

ISBN 13

9780674062665

Scarcity

A History from the Origins of Capitalism to the Climate Crisis

By: Fredrik Albritton Jonsson,Carl Wennerlind

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Scarcity

A History from the Origins of Capitalism to the Climate Crisis

By: Fredrik Albritton Jonsson,Carl Wennerlind

Fredrik Albritton Jonsson and Carl Wennerlind chart ideas about economic scarcity across centuries of European intellectual history. Showing how ideologies of infinite desire and infinite growth came to dominate capitalist societies, they argue for alternative modes of economic thought that respect nature’s boundaries in the face of climate crisis.

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305

Publisher

Harvard University Press

Published Date

ISBN 10

067498708X

ISBN 13

9780674987081

A Philosopher's Economist

Hume and the Rise of Capitalism

By: Margaret Schabas,Carl Wennerlind

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A Philosopher's Economist

Hume and the Rise of Capitalism

By: Margaret Schabas,Carl Wennerlind

Reconsiders the centrality and legacy of Hume’s economic thought and serves as an important springboard for reflections on the philosophical underpinnings of economics. Although David Hume’s contributions to philosophy are firmly established, his economics has been largely overlooked. A Philosopher’s Economist offers the definitive account of Hume’s “worldly philosophy” and argues that economics was a central preoccupation of his life and work. Margaret Schabas and Carl Wennerlind show that Hume made important contributions to the science of economics, notably on money, trade, and public finance. Hume’s astute understanding of human behavior provided an important foundation for his economics and proved essential to his analysis of the ethical and political dimensions of capitalism. Hume also linked his economic theory with policy recommendations and sought to influence people in power. While in favor of the modern commercial world, believing that it had and would continue to raise standards of living, promote peaceful relations, and foster moral refinement, Hume was not an unqualified enthusiast. He recognized many of the underlying injustices of capitalism, its tendencies to promote avarice and inequality, as well as its potential for political instability and absolutism. Hume’s imprint on modern economics is profound and far-reaching, whether through his close friend Adam Smith or later admirers such as John Maynard Keynes and Friedrich Hayek. Schabas and Wennerlind’s book compels us to reconsider the centrality and legacy of Hume’s economic thought—for both his time and ours—and thus serves as an important springboard for reflections on the philosophical underpinnings of economics.

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