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Date: | Fri Mar 31 17:18:19 2006 |
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----------------- HES POSTING -----------------
Another example of the old usage of the term is in James Steuart's
"Principles of Political Oeconomy" (1767).
The passage is in the introduction to the Book I (page 15 in Skinner's
edition):
"Oeconomy, in general, is the art of providing for all the wants of a
family, with prudence and frugality."
Then Steuart projected the concept on to the polity:
"What oeconomy is in a family, political oeconomy is in a state."
Keith Tribe argued that Steuart doesn't state the existence of an
"economy" as a separate sphere or the theoretical object of political
economy ("Land, Labour and Economic Discourse", pages 80-85) .
Steuart thought that the "political oeconomy" was concerned with the
proper management of the polity by a statesman "in such a manner as
naturally to create the reciprocal relations and dependencies between
them [the inhabitants], so as to make their several interests lead them to
supply one another with their reciprocal wants" (Principles, page 17).
Hugo Cerqueira
Universidade Federal de Minas Gerais
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