As Time Goes By: From the Industrial Revolutions to the by Chris Freeman, Francisco Louçã

By Chris Freeman, Francisco Louçã

The net and cellular phones have made each person extra acutely aware than ever of the pc revolution and its results at the economic system and society. 'As Time is going by way of' places this revolution within the standpoint of earlier waves of technical switch: steam-powered mechanization, electrification, and motorization. It argues for a concept of reasoned fiscal historical past which assigns a crucial position to those successive technological revolutions.

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W. Newman, Lectures on Political Economy (London, 1851), p. 25. 86 H. , London, 1883), p. 391; see also H. , London, 1881). 87 C. Gide, Principles of Political Economy (London, 1909), p. 345. 16 Classical liberal Sidgwick,88 Alfred Marshall,89 J. S. Nicholson,90 and A. C. 91 This belief was shared by such thinkers as Goldsworthy Lowes Dickinson,92 Bertrand Russell,93 and Norman Angell94 before the First World War. This liberalidealist tradition was thus dominant (though not universal) among the Cambridge economists and moral philosophers of the late nineteenth and early twentieth centuries.

I am not prepared on such an issue as this to surrender my right of decision, as to what is or is not my duty, to any other person, and I should think it morally wrong to do so. Skidelsky suggests, contra Johnson, that Keynes’s claim of exemption was not based on ‘the classical liberal ground that the state had no right to compel its citizens to Wght’. Rather, ‘he was making a political point about the war’; that is, ‘he objected to being drafted for a war whose continuation he believed to be wrong’.

138 Vol. 2, p. 169. g. vol. 3, p. 8; cf. vol. 2, p. 39. 140 Vol. 15, p. 36. 152 He defended the honour of government of India oYcials who were attacked in the House of Commons and elsewhere over silver purchases in 1912. During this scandal, Keynes observed wryly, ‘the question of Indian currency became almost interesting’. 156 He believed that the gold resources of a country must be centralized, rather than in circulation, because ‘gold in the 141 Vol. 15, p. 33. 142 Vol. 15, p. 36. 143 SS/1/22, KP.

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