Neighbors and Strangers: Law and Community in Early Connecticut

Main, Jackson Turner

doi:10.2307/1901556

Cited by 2 publications

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“…Those practices affected the social fabric of communities in particular ways; historians have theorized that relations of trust, reciprocity, and/or dependence created less commercial cultures. See, e.g., Innes 1995, 39-41 (reviewing scholarship);Henretta 1991 and1978, 3-32;Mann 1987;see also Lamoreaux 2003, 437-61. sense of popular demand, the particulars of their own political vulnerability or strength, their calculation of legislative alliances, and their sense of the imperial structure. They weighed the political advantages and disadvantages of imposing the taxes that would support paper money, refracted arguments through the lens of their partial knowledge about money and the larger world, and considered their conceptions of the representative role as well as myriad other factors.…”

Section: American Paper Moneymentioning

confidence: 99%

“…We have sophisticated accounts of American constitutionalism (see, e.g., Elkins and McKitrick 1993;Wood 1969;Bailyn 1967;Main 1961) and refined theories of value (see, e.g., Calomiris 1988;Michener 1987;Smith 1985a). There are a number of histories of the changing economic order by economic historians (see, e.g., MacDonald 2003;Ferguson 2001;Sylla 1982;North 1981), and rich descriptions of the dynamics of modernization by American historians (see, eg., Innes 1995;Henretta 1991;Clark 1990;Mann 1987). Those studies often share implicitly developmental themes; in part because of the disciplinary divides they observe, the modem structure of "the market" almost predictably emerges, ordained by economists and narrated by historians.…”

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The Market as a Matter of Money: Denaturalizing Economic Currency in American Constitutional History

Desan¹

2005

Law and Social Inquiry

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Histories of the early American political economy present that world in fractured form, dividing political and constitutional dimensions from economic aspects. The fragmented approach reflects an old, oft-denigrated, but still powerful imagery, one that naturalizes economic activity as a set of myriad spontaneous and individuated exchanges, conducted with a conventional medium, money, and predictably composinga market sphere. The motif and its underlying assumptions in turn dissuade exploration of money and markets as territories of public decision, insulating by neglect the structural power of determinations made there. This essay traces the naturalization motif through a historiography of macroeconomic models of money. It then considers how money, recognized as a dynamics of value, would look if the law structuring it were approached as a complex set of relations that expressed, reiterated, and revised the distribution of authority in society. The early American political economy appears in a different light: money becomes a matter of value and governance at once, and therefore a crucial area of constitutional debate.Through that medium, the political economy of early America is transformed not once but repeatedly, from a mercantilist to a domestic paper to a liberal capitalist form. 1 2. Albert 0. Hirschman traces the changing conception of interest from sin to beneficent human motive (1997). 3. Innes describes the reception of the rationally calculating profit motif as an acceptable and eventually beneficial force. A variety of accounts locate (or refute) a shift in culture or mentality from traditional, communal, social, and customary, to modem, individualistic, and formally legal (Innes 1995,39-41 [reviewing scholarship]; see, e.g., Henretta 1991, 1978,3-32; Mann 1987; see also Lamoreaux 2003,437-61 [exploring transformation as culturally mediated divergence in economic worlds of farmers and merchants]).

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Section: American Paper Moneymentioning

confidence: 99%

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confidence: 99%

The Market as a Matter of Money: Denaturalizing Economic Currency in American Constitutional History

Desan¹

2005

Law and Social Inquiry

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Placing blame : Criminal law and constitutional narratives in revolutionary Boston

Wilf¹

2000

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Steven Wilf teaches at the University of Connecticut School of Law. He graduated with a J.D. from Yale Law School (1995) and a Ph. D. in History from Yale University (1995). Recently, he has been the Fellow in Comparative Legal History at the University of Chicago and a law clerk in the U.S. Court of Appeals for the Second Circuit. In addition to legal history, Mr. Wilf writes in the field of Intellectual Property. He is currently completing book on the relationship between politics and criminal law in the period of the American Revolution.

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Neighbors and Strangers: Law and Community in Early Connecticut

Cited by 2 publications

References 0 publications

The Market as a Matter of Money: Denaturalizing Economic Currency in American Constitutional History

The Market as a Matter of Money: Denaturalizing Economic Currency in American Constitutional History

Placing blame : Criminal law and constitutional narratives in revolutionary Boston

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