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The Passions and the Interests


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Table of Contents

Foreword, by Amartya Sen ix Preface to the Twentieth Anniversary Edition xxi Acknowledgments xxv Introduction 3 PART ONE. How the Interests were Called Upon to Counteract the Passions 7 The Idea of Glory and Its Downfall 9 Man "as he really is" 12 Repressing and Harnessing the Passions 14 The Principle of the Countervailing Passion 20 "Interest" and "Interests" as Tamers of the Passions 31 Interest as a New Paradigm 42; Assets of an Interest-Governed World: Predictability and Constancy 48 Money-Making and Commerce as Innocent and Doux 56 Money-Making as a Calm Passion 63 PART TWO. How Economic Expansion was Expected to Improve the Political Order 67 Elements of a Doctrine 70 1. Montesquieu 70 2. Sir James Steuart 81 3. John Millar 87 Related yet Discordant Views 93 1. The Physiocrats 96 2. Adam Smith and the End of a Vision 100 PART THREE. Reflections on an Episode in Intellectual History 115 Where the Montesquieu-Steuart Vision Went Wrong 117 The Promise of an Interest-Governed World versus the Protestant Ethic 128 Contemporary Notes 132 Afterword by Jeremy Adelman 137 Notes 145 Index 155

About the Author

Albert O. Hirschman (1915-2012) was one of the leading intellectuals of the twentieth century, renowned for his contributions to economics, the social sciences, and the history of ideas. He is the author of many books, including the influential "Exit, Voice, and Loyalty" and "The Strategy of Economic Development".


"Hirschman's volume stands as a principal contribution to the growing literature that is beginning to reshape our understanding of the legitimating beliefs undergirding the rise of the modern market economy."--Robert Wuthnow, American Journal of Sociology "A fresh and exciting argument of a fascinating thesis."--Nannerl O. Keohane, Journal of Interdisciplinary History

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