Post tag : Hugo Grotius

In The Passions and the Interests (1977), the historian Albert O. Hirschman shows how, in the 17th and 18th centuries, the concept of interest established itself as the pivot of justificatory frameworks in political economy.1 His enquiry draws in particular on 17th-century moral philosophy, as well as on Montesquieu, Hume, and Smith. Building on those…