The revolution that did not happen: Terence Hutchison on the political economy of Jeremy Bentham

Andy Denis

Cambridge Journal of Economics, 2021, vol. 45, issue 4, 771-786

Abstract: The three-volume edition of Jeremy Bentham’s Economic Writings, edited by Werner Stark, was published between 1952 and 1954, and reviewed by Terence Hutchison in the Economic Journal in 1956. Based on the Stark edition, Hutchison argued that there had been a dramatic shift in Bentham’s views and policy recommendations between his earlier and later writings on political economy. With the benefit of a new, five-volume edition of Bentham’s Writings on Political Economy, edited by Michael Quinn, it can now be seen that the revolution in Bentham’s views on political economy proposed by Hutchison did not take place. On the contrary, an examination of Bentham’s treatment of fiscal and monetary policy in his principal general works on political economy, the Manual of Political Economy and the Institute of Political Economy, show a remarkable consistency, both in policy recommendations, and in the body of economic analysis in which they were based.

Keywords: Jeremy Bentham; Political economy; Monetary policy; Fiscal policy; Classical economics (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/beab009 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:45:y:2021:i:4:p:771-786.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().