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Friends of the Unrighteous MammonNorthern Christians and Market Capitalism, 1815-1860$
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Stewart Davenport

Print publication date: 2008

Print ISBN-13: 9780226137063

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226137087.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 09 April 2020

The Inconsistently Virtuous Economy

The Inconsistently Virtuous Economy

Chapter:
(p.87) Chapter Six The Inconsistently Virtuous Economy
Source:
Friends of the Unrighteous Mammon
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226137087.003.0007

Although the clerical economists cared deeply about the problem of individual economic morality, they barely touched on the subject in their textbooks. In general, they subordinated ordinary people and day-to-day issues to the big intellectual picture: the stages of a nation's economic development, and the large-scale production, exchange, distribution and consumption of wealth. Employing a division of labor of their own, the clerical economists acknowledged issues of individual morality, but left it to, in Francis Wayland's words, “the teacher of ethics, to show in which mode of expenditure a man may best secure his future happiness, and act most worthily of the moral nature with which he is endowed.” When the clerical economists confronted the dangers of economic immorality, they always couched their proposed solutions in the tried-and-true vocabulary of Christian republicanism. In other words, the problem was never with the economic system, but always with the character or spirit of the people. For John McVickar, an education in political economy was not just a matter of personal duty and civic responsibility, but of national security as well.

Keywords:   clerical economists, morality, economic immorality, republicanism, economic development, John McVickar, political economy, Francis Wayland

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