Capitalism and Modernity
GOVT 395–2
Spring 2012, Christopher Newport University
MWF 1:00, McMurran 360
Matthew D. Mendham, Ph.D.
Office: McMurran 208
Office hours: Mon. 2:00-3:00, Wed. 3:00-4:00, Friday 2:00-4:30, and by appointment
Phone: 757-594-7066
Email: matthew.mendham@cnu.edu
Course Description
Modern people live in a world which is profoundly different than anything which came before it, resulting from a “relentless revolution” of economic, technological, and cultural change. These changes have been fiercely debated since the 18th century, when Europe and America first witnessed dramatic shifts from rural, subsistence agriculture to advanced commerce, finance, and industry. For instance, many have asked whether, as much of the population left meager existences for solid worldly comfort or even lavish affluence, would citizens become more enlightened, peaceable, and tolerant, or instead more skeptical, self-centered, and incapable of hardship or sacrifice? Would the lower classes share the new wealth, or be left far behind in degradation, taunted by luxuries they cannot partake of legally? When people have more commerce with foreign cultures, do they tend to adopt the foreigners’ best attributes, get corrupted by their worst attributes, or are they simply reduced to a materialistic common denominator? Would more trade and interdependence lead to less war—or instead, increase its scope and destructive potential? We will pursue such questions with the help of historical, sociological, economic, and political studies, as well as thinkers such as Hume, Montesquieu, Rousseau, Adam Smith, Franklin, Jefferson, and Tocqueville—focusing on the 18th and 19th centuries but leading up to our own time.
Required Texts
Bring a hard copy of the assigned reading to class every day. Please do not find online equivalents instead, since the translations are often inadequate, and the different pagination will affect your participation in class and citation in essays.
Franklin, Benjamin. Autobiography: And Other Writings. Ed. Ormond Seavey. New York: Oxford University Press, 2008. ISBN: 0199554900.
Muller, Jerry Z. The Mind and the Market: Capitalism in Western Thought. New York: Anchor, 2003. ISBN: 0385721668.
Pinker, Steven. The Better Angels of Our Nature: Why Violence Has Declined. New York: Viking, 2011. ISBN: 0670022950.
Tocqueville, Alexis de. Democracy in America: And Two Essays on America. Trans. Gerald Bevan. London: Penguin, 2003. ISBN: 0140447601.
Additional readings on Blackboard (BB).
Course Requirements and Grading
Attendance and Participation (20% of final grade). Regular attendance is expected of each student (for a course meeting three times per week, up to three unexcused absences is acceptable). Since this course will be conducted in a seminar style, regular participation is expected. In the manner of many law schools, each student should be prepared to offer an accurate account of the reading, either as a whole or in various important details. You should also be prepared with at least one informed question that you would like the professor or the class to discuss. If you find it difficult to speak in class, you may partially compensate for this by speaking to me about our readings during my office hours.
Campus Intellectual Life (5% of final grade). You are expected to attend two academic lectures or seminars held on CNU’s campus this semester which are related to politics, philosophy, or economics. Various opportunities will be mentioned in class, and you should feel free to consult me about other possibilities. Within a week after the event, email me an informal statement of 3-5 sentences about its content. You will earn full credit as long as it is clear that you attended two events and attempted to pay attention. If you cannot attend two events or do not wish to, you may submit a second “Response Essay” instead.
Response Essay (5% of final grade). One essay of 2-3 pages. It should analyze one assigned reading. It should display a clear understanding of the reading, usually by focusing on one theme or highlighting a set of related themes. Although the primary goal is to demonstrate thorough comprehension, the essay should defend a particular interpretation, or offer an evaluative response. No outside research is expected or recommended, although brief comparisons with other class readings and themes are welcome. For all essays, specific pages (or section numbers) should be cited, and a formal method of citation should be used. Each essay is due at the beginning of class.
Comparative Essay (10% of final grade). One essay of 5-6 pages, comparing, contrasting, or synthesizing an element of the assignments for at least two course periods (e.g., contrasting the effects of luxury according to Plato and Hume). The approach should be similar to the Response Essay, although more interpretive creativity and/or reasoned criticism should be evident.
Research Essay (20% of final grade). One 10-12 page essay on a topic of your choice, drawing from any of the academic disciplines and methods employed in the course (e.g., Political Theory, Political Science, History, Sociology, and Economics). This should demonstrate understanding of the assigned materials which are relevant to your topic, substantial outside research, creative and rational engagement with the issue, and professional grammar and style. A topic statement and list of potential sources will be due two weeks before the Research Essay is due. For further guidance on writing standards and research methods, see my “A Student’s Guide to Academic Writing” (in BB).
Exams (Midterm and Final, each 20% of final grade). Exams will draw from readings, lectures, and discussions. They will consist of a multiple choice and/or short-answer format, designed to reveal how deeply and clearly the student has grasped the fundamental ideas and arguments studied in the course. The Final will cover only the second half of the course.
Course and University Policies
Honor code. The CNU honor code will be enforced: “On my honor, I will maintain the highest standards of honesty, integrity and personal responsibility. This means I will not lie, cheat or steal, and as a member of this academic community, am committed to creating an environment of respect and mutual trust.” Please contact me with any questions or concerns about the proper use of sources, or about collaboration with other students.
Disabilities. Students with documented disabilities are required to notify the instructor on the first day of class and in private if accommodation is needed. The instructor will provide students with disabilities with all reasonable accommodations, but they are not exempted from fulfilling the normal requirements of the course. Work completed before the student notifies the instructor of his/her disability may be counted toward the final grade at the sole discretion of the instructor.
If you believe that you have a disability, you should make an appointment to see me to discuss your needs. In order to receive an accommodation, your disability must be on record in the Dean of Students’ office, 3rd Floor David Student Union/DSU (Telephone: 594-7160).
Tutoring. The Center for Academic Success offers free assistance for CNU students in writing, mathematics, science, languages, and other subjects. The Center is located in room 240 of the Trible Library. For more information please visit http://tutors.cnu.edu or phone 594-7684.
Success. If I become concerned about your course performance, attendance, engagement, or well-being, I will speak with you first. I may also submit an Institutional Referral Form that will be received by the Center for Academic Success. Depending upon the nature of my concern it also may be received by Counseling Services. If you are an athlete then Jenny Nuttycombe will receive notice. Someone will contact you to help determine what will help you succeed. Please remember that this is a means for me to support you and help foster your success at CNU.
Course Schedule
W Jan. 11. Introductory comments.
I. What Is Modern Capitalism, and Does It Have a Future?
F Jan 13. John Lanchester, “How We Were All Misled,” a review of Boomerang: Travels in the New Third World (2011), by Michael Lewis (BB).
M Jan 16. Deirdre N. McCloskey, “The Rhetoric of the Economy and the Polity” (2011), pp. 182-85 (BB).
McCloskey, The Bourgeois Virtues: Ethics for an Age of Commerce (2006), pp. 1-8, 14-18, 22-32 (BB).
W Jan 18. Marion Fourcade and Kieran Healy, “Moral Views of Market Society” (2007), pp. 285-99, 304-5 (BB).
II. Economics and Virtue in the Ancient World
F Jan 20. Jerry Muller, The Mind and the Market, “Historical Backdrop: Rights, Righteousness, and Virtue,” pp. 3-19.
M Jan 23. Xenophon, Oeconomicus, chapters 4-5, pp. 50-57 (BB).
Livy, From the Founding of the City, Preface, pp. 3-4 (BB).
Plato, Republic, Book VIII, 543a-555b (BB).
W Jan 25. Republic, Book VIII, 555b-569c; Book IX, 571a-576b.
III. Debating the Rise of Capitalism in the Enlightenment
F Jan 27. Bernard Mandeville, The Fable of the Bees (1723), “The Grumbling Hive,” pp. 23-35; “Remark L” (on luxury), pp. 65-73.
M Jan 30. The Fable of the Bees, “Remark Q” (on frugality), pp. 94-98; “Remark Y” (on conveniencies), pp. 107-9 (BB).
Muller, “Voltaire: ‘A Merchant of a Noble Kind’,” pp. 20-23, 39-44.
W Feb. 1. Muller, “Voltaire,” pp. 23-39, 44-50.
F Feb. 3. Montesquieu, The Spirit of the Laws (1748), Book III, chapters 1-6, pp. 21-26; IV.4-7, pp. 35-39; V.2-3, pp. 42-43; V.6, pp. 47-48; XV.9, p. 253 (BB).
M Feb. 6. The Spirit of the Laws, XX.1-5, pp. 338-41; XXI.20, pp. 387-90; XXIII.29, pp. 455-56; XXIV.3-4, pp. 461-62.
David Kettler, review of The Passions and the Interests: Political Arguments for Capitalism before Its Triumph (1977), by Albert O. Hirschman (BB).
W Feb. 8. David Hume, “Of Refinement in the Arts” (1752, originally titled “Of Luxury”), pp. 268-78 (BB).
F Feb. 10. “Of Refinement in the Arts,” pp. 278-80.
Paul Cheney, review of The Case for the Enlightenment (2005), by John Robertson (BB).
- · Response Essay due.
M Feb. 13. Jean-Jacques Rousseau, “Discourse on Political Economy” (1755), ¶¶24-78 (BB).
W Feb. 15. Rousseau, Discourse on the Origin and Foundations of Inequality (1754), Part II, ¶¶1-34, 55-58 (BB).
F Feb. 17. Discourse on the Origin and Foundations of Inequality, Note IX, ¶¶1-3.
Mendham, “Rousseau on Commerce and Politics” (BB).
M Feb. 20. Muller, “Adam Smith: Moral Philosophy and Political Economy,” pp. 51-71.
Smith, The Wealth of Nations (1776), I.ii, pp. 25-30; II.ii, ¶¶93-95, pp. 323-24 (BB).
W Feb. 22. The Wealth of Nations, IV.ii, ¶¶1-4, pp. 452-54, ¶¶9-10, pp. 455-56, ¶¶23-45, pp. 463-72; IV.v.b, ¶¶39-43, pp. 538-40.
F Feb. 24. Muller, “Adam Smith,” pp. 72-84.
Smith, The Wealth of Nations, V.i.f, ¶¶46-61, pp. 780-88.
M Feb. 27. Smith, The Theory of Moral Sentiments, (1759–1790), I.i.1, ¶1, p. 9; I.iii.3, pp. 61-66; IV.1.7, ¶¶8-10, pp. 181-85 (BB).
W Feb. 29. Theory of Moral Sentiments, V.2, pp. 200-11.
F Mar. 2. Midterm Exam.
M Mar. 5 – F Mar. 9. Spring recess.
IV. The Economics of Liberty and Culture in Early America
M Mar. 12. Benjamin Franklin, “The Way to Wealth” (1758), in Autobiography: And Other Writings, pp. 264-74.
Max Weber, The Protestant Ethic and the Spirit of Capitalism (1905, 1920), pp. 70-75 (BB).
W Mar. 14. Franklin, Autobiography, Part 1 (1771), pp. 3-4, 11-22, 44-48 (begin or end pp. 4, 11, and 22 at the last paragraph break; begin p. 44 at the first paragraph break).
F Mar. 16. Autobiography, Part 1, pp. 58-63, 67-72 (end p. 63 after second paragraph break; begin p. 67 at last paragraph).
Autobiography, Part 2 (1784), letters from Abel James and Benjamin Vaughan, pp. 72-78.
M Mar. 19. Autobiography, Part 2, pp. 79-95.
Autobiography, Part 3 (1788), pp. 95-100.
- · Comparative Essay due.
W Mar. 21. Franklin, “On the Price of Corn, and the Management of the Poor” (1766), pp. 277-80 (BB).
Thomas Jefferson, Writings (BB).
Letter to John Jay on commerce and sea power (1785), pp. 818-20.
Letter to John Banister, Jr. on European education (1785), pp. 837-40.
Letter to James Madison on property and natural right (1785), pp. 840-43.
James Madison, “Parties” (1792), pp. 504-5 (BB).
Madison, “Property” (1792), pp. 515-17 (BB).
F Mar. 23. Jefferson, Writings (BB).
Notes on the State of Virginia (1782, 1787), Queries 18-19, pp. 288-91.
President Jefferson to Brother Handsome Lake (1802), pp. 555-57.
Letter to Jean Baptiste Say on Malthus and the New World (1804), pp. 1143-44.
Letter to Benjamin Austin on manufactures (1816), pp. 1369-72.
Letter to John Adams on their prophecies (1816), pp. 1374-77.
M Mar. 26. Alexis de Tocqueville, Democracy in America, Vol. 1 (1835), Author’s Introduction, pp. 11-26.
W Mar. 28. Democracy in America, Vol. 1, Part 2, Chapter 10, from section, “The Position of the Black Race in the United States,” pp. 402-9 (begin 402 at the last full paragraph, which begins, “In almost all the states where slavery has been abolished”; stop on 409 after second full paragraph);
Vol. 1, Part 2, Chapter 10, section, “A Few Reflections on the Reasons for the Commercial Greatness of the United States,” pp. 470-78.
F Mar. 30. Democracy in America, Vol. 1, Conclusion, pp. 479-85;
Democracy in America, Vol. 2 (1840), Chapters 8-11, pp. 609-20.
M Apr. 2. Democracy in America, Vol. 2, Part 2, Chapters 12-17, pp. 621-39.
W Apr. 4. Democracy in America, Vol. 2, Part 2, Chapters 18-20, pp. 639-48.
Vol. 2, Part 3, Chapter 1, pp. 649-54;
Vol. 2, Part 3, Chapter 7, pp. 675-77.
F Apr. 6. Democracy in America, Vol. 2, Part 4, Chapter 6, pp. 803-9.
Tocqueville, “First Memoir on Pauperism” (1835), pp. 142-48 (BB).
V. Concluding Reflections on Capitalism, Civilization, and Violence
M Apr. 9. Muller, “Karl Marx: From Jewish Usury to Universal Vampirism,” pp. 166-81, 192-96, 205-7.
- Topic Statement and Sources for Research Essay due.
W Apr. 11. Steven Pinker, The Better Angels of Our Nature: Why Violence Has Declined (2011), pp. xxi-xxvi, 59-81.
F Apr. 13. Better Angels, pp. 81-106.
M Apr. 16. Better Angels, pp. 106-28.
W Apr. 18. Better Angels, pp. 189-200, 222-31, 249-55.
F Apr. 20. Better Angels, pp. 671-96.
M Apr. 23. Conclusion and review.
Recommended reading: Mendham, “A Student’s Guide to Academic Writing” (BB).
- Final Research Essay due.
Thursday, Apr. 26, 2:00–4:30 p.m. Final Exam.
Select Bibliography
Appleby, Joyce. The Relentless Revolution: A History of Capitalism. New York: W. W. Norton, 2010.
Broadie, Alexander, ed. The Cambridge Companion to the Scottish Enlightenment. Cambridge UP, 2003.
Bryant, Joseph M. “The West and the Rest Revisited: Debating Capitalist Origins, European Colonialism, and the Advent of Modernity.” Canadian Journal of Sociology 31.4 (2006): 403-44.
Clark, Gregory. A Farewell to Alms: A Brief Economic History of the World. Princeton UP, 2007.
Clark, Henry C., ed. Commerce, Culture, and Liberty: Readings on Capitalism before Adam Smith. Indianapolis: Liberty Fund, 2003.
Clery, E. J. The Feminization Debate in Eighteenth-Century England: Literature, Commerce and Luxury. Houndmills: Palgrave Macmillan, 2004.
Collier, Paul. The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It. Oxford UP, 2007.
Davis, David Brion. Inhuman Bondage: The Rise and Fall of Slavery in the New World. New York: Oxford University Press, 2006.
De Vries, Jan. The Industrious Revolution: Consumer Behavior and the Household Economy, 1650 to Present. Cambridge UP, 2008.
—. “The Limits of Globalization in the Early Modern World.” Economic History Review 63.3 (2010): 710-33.
Elias, Norbert. The Civilizing Process: Sociogenetic and Psychogenetic Investigations (1939). Trans. Edmund Jephcott, revised edn. Oxford: Blackwell, 2000.
Fleischacker, Samuel. A Short History of Distributive Justice. Harvard UP, 2004.
—. On Adam Smith’s “Wealth of Nations”: A Philosophical Companion. Princeton UP, 2004.
Force, Pierre. Self-Interest before Adam Smith: A Genealogy of Economic Science. Cambridge UP, 2003.
Gartzke, Eric. “The Capitalist Peace.” American Journal of Political Science 51.1 (2007): 166-91.
Glaeser, Edward L. Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier. New York: Penguin, 2011.
Guillén, Mauro F. “Is Globalization Civilizing, Destructive or Feeble? A Critique of Five Key Debates in the Social Science Literature.” Annual Review of Sociology 27 (2001): 235-60.
Hanley, Ryan Patrick. Adam Smith and the Character of Virtue. Cambridge UP, 2009.
Kolakowski, Leszek. Main Currents of Marxism: Its Rise, Growth, and Dissolution. Trans. P. S. Falla. 3 vol., Oxford UP, 1978. One-volume edition, New York: Norton, 2005.
Lang, Michael. “Globalization and Its History.” Journal of Modern History 78 (2006): 899-931.
Mokyr, Joel. The Gifts of Athena: Historical Origins of the Knowledge Economy. Princeton UP, 2002.
Nee, Victor, and Richard Swedberg, eds. The Economic Sociology of Capitalism. Princeton UP, 2005.
Offer, Avner. The Challenge of Affluence: Self-Control and Well-Being in the United States and Britain since 1950. Oxford UP, 2006.
Pocock, J. G. A. Virtue, Commerce, and History: Essays on Political Thought and History, Chiefly in the Eighteenth Century. Cambridge UP, 1985.
Rahe, Paul A. Soft Depsotism, Democracy’s Drift: Montesquieu, Rousseau, Tocqueville, and the Modern Prospect. Yale UP, 2009.
Rasmussen, Dennis C. The Problems and Promise of Commercial Society: Adam Smith’s Response to Rousseau. University Park: Pennsylvania State UP, 2008.
Wootton, David, ed. Republicanism, Liberty, and Commercial Society, 1649–1776. Stanford UP, 1994.





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