Policy Press

Publishing with a purpose

Managing the Wealth of Nations

Political Economies of Change in Preindustrial Europe

By Philipp Robinson Rössner

Published

Oct 1, 2022

Page count

296 pages

ISBN

978-1529211221

Dimensions

234 x 156 mm

Imprint

Bristol University Press

Published

Oct 1, 2022

Page count

296 pages

ISBN

978-1529211245

Dimensions

Imprint

Bristol University Press
Managing the Wealth of Nations

"Commerce and manufactures gradually introduced order and good government,” wrote Adam Smith in his Wealth of Nations, “and with them, the liberty and security of individuals.” However, Philipp Rössner shows how, when looked at in the face of history, it has usually been the other way around.

This book follows the development of capitalism from the Middle Ages through the industrial revolution to modern day, casting new light on the areas where pre-modern political economies of growth and development made a difference. It shows how order and governance provided the foundation for prosperity, growth and the wealth of nations.

Written for scholars and students of economic history, this is a pioneering new study that debunks the neoliberal origin myth of how capitalism came into the world.

Philipp Robinson Rössner is Professor of Early Modern History at The University of Manchester.

Part 1 ~ The Discovery of Dynamics

Managing the Future, Thinking About Growth: Discoveries of the Future and the Making of a Capitalist Mind, 1300s-2000s

Mercantilism, Capitalism and the Making of the Modern Economic Mind

Part 2 ~ Markets

Governing Markets: The Role of States in the Process of Economic Growth, 1250s-2000s

Configuring Markets: A Deeper History of Laissez-Faire, 1250s-1945

Part 3 ~ Money

Money and the Rise of Modern Capitalism, 1350–1850

Velocity! Money, Circulation and the Political Economy of Daily Life, 1350–1850

Part 4 ~ Manufacturing

Origins of Creativity: Lessons From History

Manufacturing Wealth: Industrial Policy, the Good Life and the Rise of the European Economy, 1350–1850s

Conclusion