[Economics against politics: debt, its retirement and financing according to young and old saint- simonians (1825-1880)]

L’économique contre le politique: la dette, son amortissement et son financement chez de jeunes et vieux saint-simoniens (1825-1880)

Clément Coste ()
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Clément Coste: TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Historians of economic thought mainly examine the Saint-Simonian movement through its involvement in the initial utterings of French socialism or as an idiom for emergent industrialism. This article instead proposes a reading of the relation maintained by certain Saint-Simonians with regard to public debt and its financing. Somewhat in opposition to readings concerned with the dichotomy between a young Saint-Simonian, at once idealist and socialist, and an aged Saint-Simonian, more compliant with the dominant economic liberalism present in the second half of the 19th century, this article allows for a particular continuity in the debate surrounding public debt to be perceived. Turning toward debt rather than taxes and setting out to diminish the arrears of said debt, emerges as a means of taming idleness and subjecting it to the imperatives of the industrial order.

Keywords: Saint-Simon; saint-simonians; public debt; debt redemption found (caisse d’amortissement); conversion of annuities; saint-simoniens; Pereire; dette publique; caisse d’amortissement; conversion des rentes (search for similar items in EconPapers)
Date: 2016
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Published in Cahiers d'Economie Politique = Papers in political economy, 2016, 70, pp.7-44

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01380795

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