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Authority and Expertise at the Origins of Macro-economics

In: Antonio Serra and the Economics of Good Government

Author

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  • Sophus A. Reinert

Abstract

When the Norwegian Nobel laureate in economics Ragnar Frisch first drew the distinction between “micro-dynamic” and “macro-dynamic” analyses in 1933, ostensibly “founding” the modern field of macroeconomics, his contribution was linguistic rather than conceptual.1 Theorists and practitioners had been engaged with the analysis of aggregate economic phenomena for millennia, but only in early modern Europe did this perennial preoccupation take on the form and structure of an increasingly codified discourse.2 The reasons for this were many and varied, but they were intimately connected to the mounting demands of international competition between solidifying political communities; the growing importance of increasingly global patterns of long-distance trade and transoceanic imperialism; and a rising and progressively educated public sphere.3 This chapter revisits the founding role played by the Neapolitan lawyer and economics writer Antonio Serra (f. 1613) in a widespread debate over the theorization of macro-oeco-nomic phenomena in early modern Europe.4

Suggested Citation

  • Sophus A. Reinert, 2016. "Authority and Expertise at the Origins of Macro-economics," Palgrave Studies in the History of Finance, in: Rosario Patalano & Sophus A. Reinert (ed.), Antonio Serra and the Economics of Good Government, chapter 6, pages 112-142, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-1-137-53996-0_7
    DOI: 10.1057/9781137539960_7
    as

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