SIR JAMES STEUART ON ECONOMIC GROWTH
SIR JAMES STEUART ON ECONOMIC GROWTH
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詹姆斯·斯图尔特爵士谈经济增长
DOI:
10.1111/j.1467-9485.1978.tb01185.x
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发表时间:
1978
影响因子:
1.1
通讯作者:
M. Akhtar
中科院分区:
文献类型:
--
作者:
M. Akhtar
Sir James Steuart’s Principles of Political Oeconomy appeared nine years before Adam Smith’s Wealth of Nations, and contained a fundamentally different approach to the problem of economic growth.’It was, however, Smith’s approach which formed the basis of all subsequent developments in this branch of theory. The purpose of this paper is to provide a formal outline of Steuart’s growth model and to place this model in a suitable perspective in the history of growth theory. At the outset, it should be noted that Steuart’s analysis of the growth problem cannot be isolated from his broad and complex system of political economy. 2 This paper, therefore, must be viewed as a part of the whole in which economic growth is the dominant theme. This theme appears in virtually every facet of Steuart’s thought; in his analysis of the origins of the modern society, in his arguments concerning various stages of trade experienced by the exchange economy, in his discussion of varying rates of growth in different countries, in his emphasis on circulation and money, and in his treatment of the role of government in the economic process (cf. Skinner, 1966, pp. lx, lxxxiv). Like most of his contemporaries, Steuart opened his analysis with an account of the origins and nature of modern exchange economy. He traced society’s progress through pastoral and agrarian types of economic organization, but most of his analysis deals with the process of change in the exchange or money economy. Steuart viewed the exchange economy as passing through three stages: infant trade, foreign trade, and inland trade. During the state of infant trade, the economy is closed and experiences rapid growth of output based on hitherto unused or underutilized domestic