Excerpt from Conversations on Political Economy: In Which the Elements of That Science Are Familiarly Explained It does ao, and perhaps even more than you. Imagine fit you cannot well understand this uestion without some knowledge of the principles of itical economy. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Providing a ‘short take’ on the long history of political economy, this book examines both the stories about and those within economics. It traces the history of political economy from its beginnings in the Scottish Enlightenment; through its disciplinary demarcation as a science in the nineteenth century that saw its differentiation from literary, aesthetic, and moral discourses; and to its emergence as the ‘amoral’ market-driven neoliberalism that dominates economic theories and policies today. In exploring the long history of economic thought, it examines and challenges both Enlightenment and contemporary grand narratives such as the stadial theory of progress, the ‘Great Divergence’ and the ‘Great Convergence’ that have divided the world into global norths and souths according to their economic advantages. It concludes with a study of currency as both a medium of monetary exchange and a term that denotes prevalence and acceptance to explore political economy’s continuous engagement with the problem of representing value through money. Part of the series Short Takes on Long Views, this book will appeal to a traditional academic audience of scholars and students, and to a wider public audience of informed non-fiction readers interested in the long history of economics.