<i>'In </i>Liberty and Equality in Political Economy: From Locke versus Rousseau to the Present<i>, Nicholas Capaldi and Gordon Lloyd engage the reader with a conversation that delightfully explains and compares the fundamental contributions of John Locke and J.J. Rousseau to critical and competing notions regarding individual liberty and the purpose and role of the state and economic life. The book, which reflects a decades-long conversation between the two authors, weaves a coherent history of intellectual thought that reaches from Plato and Aristotle to Adam Smith, David Hume, J.S. Mill, and of course, Locke and Rousseau and on to Keynes, Hayek and Piketty. Far more than a history of thought, the book explains how the embedded thoughts of Locke and Rousseau have influenced constitution builders, revolutionists, political leaders, and current ongoing public debate. This is one to buy, read, savor, and keep for future reference.'</i><br /> --Bruce Yandle, Clemson University College of Business & Behavioral Science and George Mason University<p><i>'This book is a timely and very scholarly reminder that we must not trade liberty for equality. To begin with, liberty is valuable for its own sake - not everything can be valued in terms of dollars and cents. Furthermore, it is the poor who will suffer in the long run if the West begins to trade more equality for less liberty. This book is a very welcome corrective to current debates which could lead to the enslavement of free peoples.'</i><br /> --Philip Booth, St. Mary's University, UK</p><p><i>'Read this articulate adventure in Liberty, from John Locke through Adam Smith to Thomas Piketty.'</i><br /> --Vernon Smith, Chapman University, US and 2002 Nobel Laureate in Economics</p>
- Jim Hartley, Mount Holyoke College
'Liberty and Equality in Political Economy takes the reader across a convincing roadmap of how and why the ongoing conversation between Lockean Liberty and Rousseau Equality provides an evolutionary explanation of the development of formal and informal institutions that define Western Civilization and explain their consequences. This book should be a must-read for undergraduate and graduate students in humanities and social sciences.'
- Svetozar (Steve) Pejovich, Texas A&M University
Liberty and Equality in Political Economy is an evolutionary account of the ongoing debate between two narratives: Locke and liberty versus Rousseau and equality. Within this book, Nicholas Capaldi and Gordon Lloyd view these authors and their texts as parts of a conversation, therefore highlighting a new perspective on the texts themselves.
The authors argue that the debate initiated between Locke and Rousseau continues to define political economy today. They not only explore the strengths of each narrative, but also indicate how proponents within each will respond to their rivals. Other important views in economics and philosophy, including the works of Immanuel Kant, Georg Wilhelm Friedrich Hegel, Alexis de Tocqueville, John Stuart Mill, Milton Friedman, Friedrich Hayek, and Michael Oakeshott, are examined in conjunction with Locke; the works of the French Revolution, Proudhon, Marx and Engels, the Progressives, Keynes, Galbraith, Rawls, and Piketty reflect Rousseau's divergent views. Together this provides a rich exploration of the philosophical underpinnings of modern economics and politics.
This comprehensive analysis will be of interest to philosophers, political theorists, and economists who wish to join the conversation. Graduate and undergraduate students in political theory, history of economics, political philosophy, and business ethics courses will also find this book valuable.