The Passions and the Interests does not have the policy urgency that a contribution to public decisions may enjoy (as Hirschman's The Strategy of Economic Development eminently does), nor the compulsive immediacy that the exigencies of practical reason generate (as Exit, Voice, and Loyalty superbly portrayed). What then is so special about this book? [...] The answer lies not only in the recognition that Hirschman makes us see the ideological foundations of capitalism in a fresh way, but also in the remarkable fact that this freshness is derived from ideas that are more than two-hundred-years old. The basic hypothesis- the articulation and development of which Hirschman investigates-makes the case for capitalism rest on the belief that "it would activate some benign human proclivities at the expense of some malignant ones." (Amartya Sen)

The Passions and the Interests does not have the policy urgency that a contribution to public decisions may enjoy (as Hirschman's The Strategy of Economic Development eminently does), nor the compulsive immediacy that the exigencies of practical reason generate (as Exit, Voice, and Loyalty superbly portrayed). What then is so special about this book? [...] The answer lies not only in the recognition that Hirschman makes us see the ideological foundations of capitalism in a fresh way, but also in the remarkable fact that this freshness is derived from ideas that are more than two-hundred-years old. The basic hypothesis- the articulation and development of which Hirschman investigates-makes the case for capitalism rest on the belief that "it would activate some benign human proclivities at the expense of some malignant ones."

Amartya Sen

Related topics

answer articulation basic book case compulsive development expense fresh human hypothesis immediacy nor ones public reason rest see urgency voice way lies

Related quotes

Some people, myself included, advocated foreign intervention in Bosnia and Kosovo while opposing our adventure in Iraq. Sam Moyn might find this inconsistent, but (on this occasion at least) it is the world that is inconsistent, not us. During the Balkan wars individuals' rights were under ascertainable threat in real time. Outside intervention could make a difference, and it did. This was not the case in Iraq. We should always be suspicious of the invocation of universal "rights” as a cover for sectional interests. But it doesn't follow from this that talk of rights is "really” always about something else. Sometimes it is, and sometimes it isn't. How, then, should we adjust our response? Well, there is a serviceable Keynesian answer to that: "When the facts change, I change my mind. What do you do?”.

Tony Judt

There is a process of slow modification and development mainly in directions which I view with misgiving. "Tory democracy," the favourite idea on that side, is no more like the Conservative party in which I was bred, than it is like Liberalism. In fact less. It is demagogism ... applied in the worst way, to put down the pacific, law-respecting, economic elements which ennobled the old Conservatism, living upon the fomentation of angry passions, and still in secret as obstinately attached as ever to the evil principle of class interests. The Liberalism of to-day is better ... yet far from being good. Its pet idea is what they called construction, - that is to say, taking into the hands of the State the business of the individual man. Both the one and the other have much to estrange me, and have had for many, many years.

William Ewart Gladstone

The tidings I received concerning Hungary were horrifying. The looting, rape and violence that had followed upon the entry of the Red Army into Budapest surpassed the horrors with which we had grown familiar in reports from Vienna and Berlin. Neither small girls nor old women were spared. Cases were known of women in Russian uniforms knocking down men who would not do their bidding. Commando troops with special equipment searched for gold and other precious metals. In the banks, safes were broken open, and the contents, whether they belonged to Hungarians, foreigners or even allies, were looted. The pillage went on for weeks, and banks, business firms and private houses were searched time and time again. The Jews were treated no better than the rest of the population, who were picked off the streets and set to work.

Miklós Horthy

Capitalism should not be condemned, since we haven't had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It's not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!

Ron Paul

The mulatto sons of white traders and the sons of African rulers were the ones who made the greatest effort to learn the white man's ways. This helped them to conduct business more efficiently. One Sierra Leone ruler in the eighteenth century explained that he wished "to learn book to be rogue as good as white man”; and there were many others who saw the practical advantages of literacy. However, the educational process also meant imbibing values which led to further African subjugation. One West African educated in this early period wrote a Ph. D. thesis in Latin justifying slavery. That was not surprising. The Reverend Thomas Thompson was the first European educator on the Gold Coast, and he wrote in 1778 a pamphlet entitled, The African Trade for Negro Slaves Shown to be Consistent with the Principles of Humanity and the Laws of Revealed Religion.

Walter Rodney