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The apostle of capitalism : <i>The Economist</i> from 1843-1863

For over 160 years, The Economist newspaper has been one of the most influential, sophisticated, and effective proponents of capitalism. It has consistently championed and conveyed a form of humanitarian political economy to its weekly, global audience of professionals and business and government leaders. The Economist began in 1843 to campaign for free trade in agriculture and to advocate for the emerging regime of capitalism in Britain. Its primary concern during its first two decades centered on agricultural change. This thesis examines those first two decades, from 1843-1863, and The Economists focus on improvement, or capitalist development, in the English countryside.<p>
The Economist was a staunch advocate for increased urbanization, private property, and high agriculture a modern system of agriculture that involved scientific techniques, free trade, large landholdings, and significant amounts of capital. It vehemently opposed any attempts to alleviate rural poverty using measures it felt were inconsistent with the principles of political economy and argued rural labourers would be better off if they were forced to sell their labour and submit to the discipline of the market. The Economist repeatedly portrayed this process of capitalist development as beneficial for all and as a natural occurrence, brought about through the free working of the market. Its account contributed to the prominent idea of the success of British agriculture in the 19th century; an idea that has had profound effects on subsequent notions of development.<p>
This thesis uses Marxist and Foucauldian concepts to demonstrate that the process of capitalist development in the countryside was not brought about through market forces. Extensive and often oppressive government intervention was needed to dispossess people from the land and to force them into waged labour. Though much of this dispossession had occurred by the 19th century, The Economist performed a crucial role in advocating for policies that cemented capitalist relations of production. The Economists most important function was to spread belief in capitalism by making its inequality and poverty more palatable.

Identiferoai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:SSU.etd-09142009-142412
Date17 September 2009
CreatorsFehr, Carla Jeanine
ContributorsThorpe, Douglas, Horwitz, Simonne, Kent, Christopher, Handy, Jim
PublisherUniversity of Saskatchewan
Source SetsLibrary and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada
LanguageEnglish
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://library.usask.ca/theses/available/etd-09142009-142412/
Rightsunrestricted, I hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to University of Saskatchewan or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report.

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