Economic Knowledge As Public Knowledge: Anders Chydenius On The Goals Of Monetary Policy In Sweden In The 1760s

Although economic knowledge constitutes a central element of political governing, people have divergent opinions about its nature and whether it can or should be accessible to everyone. This paper examines the contested role of economic knowledge in Sweden during the Enlightenment, focusing on the philosophical and political contributions of Anders Chydenius (1729–1803). Chydenius published several works and pamphlets on economic matters in the 1760s, the last of which led to his dismissal from the Swedish Diet in 1766. What made this work so politically provocative? I argue that its notoriety stemmed from two key claims: he likened basic economic principles to natural laws, which because of their simplicity all politicians were able to understand, and he believed in making these principles widely available in society. He also acknowledged that different social classes had conflicting interests in monetary policy, contending that, from a national economic perspective, the interests of traders, manufacturers, and workers were more important than those of the aristocratic elite. This perspective not only challenged the established political order but also raised questions about the neutrality and the role of the public in discussions about economic knowledge.