Saint-Simonism and Utilitarianism : the history of a paradox. Bentham’s Defence of Usury under Saint-Amand Bazard’s Interpretation
AbstractThis article reveals and studies the connections between Bentham’s Defence of Usury (1787) and Saint-Amand Bazard (1791-1832), a founder of Saint-Simonianism. We first traces Bazard’s exposure to Bentham through his unknown friendship with Bentham’s publisher Etienne Dumont. After introducing in details the Saint-Simonian views on interest and money, we examines the significance of Bazard’s translation of Defence of Usury and his shared opposition against usure laws. We explain why the puzzling reference to Benthamite utilitarianism is not fortuitous but appears to justify a common ground between Bentham’s utilitarism and Saint-Simonianism. This connection did not survive the July Revolution.
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Bibliographic InfoPaper provided by Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure in its series Working Papers with number 1135.
Date of creation: 2011
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More information through EDIRC
utilitarianism; saint-simonism; interest rate; usury;
Find related papers by JEL classification:
- B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-03 (All new papers)
- NEP-HIS-2012-01-03 (Business, Economic & Financial History)
- NEP-HPE-2012-01-03 (History & Philosophy of Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Joseph Persky, 2007. "Retrospectives: From Usury to Interest," Journal of Economic Perspectives, American Economic Association, vol. 21(1), pages 227-236, Winter.
- Giuseppe Coco & David De Meza, 2009.
"In Defense of Usury Laws,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 41(8), pages 1691-1703, December.
- José Luís Cardoso & António de Vasconcelos Nogueira, 2005. "Isaac de Pinto (1717-1787): An Enlightened Economist and Financier," History of Political Economy, Duke University Press, vol. 37(2), pages 263-292, Summer.
- Gilbert Faccarello & Philippe Steiner, 2008. "Religion and Political Economy in Early-Nineteenth-Century France," History of Political Economy, Duke University Press, vol. 40(5), pages 26-61, Supplemen.
- Murphy, Antoin E., 1997. "John Law: Economic Theorist and Policy-maker," OUP Catalogue, Oxford University Press, number 9780198286493.
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