Abstract
The state of Continental Europe between the nineteenth and the twentieth centuries with regard to its economic, political and intellectual history had many different facets. Germany, in 1870, was unified under the Prussian crown, and started out on the path of the Second Industrial Revolution with great success. Austria, by contrast, was losing its political importance (especially after the Ausgleich in 1867, when it was left as a dual monarchy) and was becoming resigned to remain on the fringes of the industrialization process. From the intellectual standpoint, the economic culture of the Central European elites had developed from an ideological current that had been a long time in the making; its roots lay in the Spain of the Habsburgs (after all, the last emperor of the dynasty — a Habsburg-Lothringen — was deposed in Vienna in 1918).
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Notes
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Ibid., p. 179. For the concept of the entrepreneur as being peculiar to the Continent, see G. Berta, L’imprenditore: un enigma tra economia e storia (Venice: Marsilio, 2004), especially pp. 47ff.
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The following edition is being used: E. Böhm-Bawerk, Capital and Interest (South Holland IL: Libertarian Press, 1959); vol. I: History and Critique of Interest Theories [1884]; vol. II, Positive Theory of Capital [1889].
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This continuity, which would culminate in the work of a great heterodox economist, Giovanni Demaria (1899–1998), is accounted for in the impressive reconstruction of H. Bartoli, Histoire de la pensée économique en Italie (Paris: Publications de la Sorbonne, 2003).
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See, in particular, A. Loria, Analisi della proprietà capitalista (Turin: Bocca, 1889), and Id., La proprietà fondiaria e la questione sociale (Padua: Drucker, 1897).
See R. Patalano, ‘La teoria della terra libera di Achille Loria e la questione agraria in Italia 1889–1898’, Il pensiero economico italiano, 7.2 (1999), pp. 31–71.
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With regard to his biographical profile see P. Maurandi, Il caso Graziadei: vita politica e teoria economica di un intellettuale scomodo (Rome: Carocci, 1999). Several works of Graziadei are collected in Scritti scelti di economia, ed. by M. Ridolfi (Turin: UTET, 1969).
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See P. Cauwès, Précis du Cours d’Economie politique, professé à la Faculté de Droit de Paris. Contenant, avec l’exposé des principes, l’analyse des questions de législation économique (Paris: Larose, 1879).
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F. Perroux, Le problème du profit (Paris: Giard, 1926). In it, Perroux concluded that Marxian theory had ‘the important merit of making one think’. But, whereas the idea of surplus value had ‘a true explicative value’, its empirical bases were less certain (ibid., pp. 366–367). A study of the facts ‘communicates to anyone who has a desire for justice a feeling of uneasiness which, in itself, is not without its use’, calling for ‘that particular form of intellectual humility which is moderation’ (ibid., pp. 544–545).
For a general overview of the author see R. Molesti (ed.), Giuseppe Toniolo: il pensiero e l’opera (Milan: Angeli, 2005).
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Cf. the balanced analysis of P. Bairoch, Victoires et déboires: histoire économique et sociale du monde du XVIe siècle à nos jours (Paris: Gallimard, 1997), vol. II, pp. 675ff.
Regarding the Russian agrarian economist A.V. Chayanov (1888–1939) see his anthology, The Theory of Peasant Economy, ed. by D. Thorner, B. Kerblay and R.E.F. Smith (Manchester: Manchester University Press, 1986).
R. Hilferding, Finance Capital: A Study of the Latest Phase of Capitalist Development, ed. with an introd. by T. Bottomore (London: Routledge & Kegan Paul, 1981 [1910]), p. 366.
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P.A. Baran and P.M. Sweezy, Monopoly Capital: An Essay on the American Economic and Social Order (New York: Monthly Review Press, 1966).
J.A. Schumpeter, ‘Zur Soziologie der Imperialismen’, Archiv für Sozialwissenschaft und Sozialpolitik, 46 (1918/1919), pp. 1–39, 275–310; Id., Capitalism, Socialism and Democracy (London: Unwin Paperbacks, 1987 [1942]).
N.I. Bucharin, Imperializm i nakoplenie kapitala (Moscow: Gosudarstvennoe izd-vo, 1928 [1924–1925]).
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© 2008 Francesco Boldizzoni
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Boldizzoni, F. (2008). The Continent, 1870–1938. In: Means and Ends. Palgrave Macmillan, London. https://doi.org/10.1057/9780230584143_8
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