Imagining Interest in Political Thought: Origins of Economic Rationality

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Duke University Press, Aug 15, 2003 - Political Science - 208 pages
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Imagining Interest in Political Thought argues that monistic interest—or the shaping and coordination of different pursuits through imagined economies of self and public interest—constitutes the end and means of contemporary liberal government. The paradigmatic theorist of monistic interest is the English political philosopher Jeremy Bentham (1748–1832), whose concept of utilitarianism calls for maximization of pleasure by both individuals and the state. Stephen G. Engelmann contends that commentators have too quickly dismissed Bentham’s philosophy as a crude materialism with antiliberal tendencies. He places Benthamite utilitarianism at the center of his account and, in so doing, reclaims Bentham for liberal political theory.

Tracing the development of monistic interest from its origins in Reformation political theory and theology through late-twentieth-century neoliberalism, Engelmann reconceptualizes the history of liberalism as consisting of phases in the history of monistic interest or economic government. He describes how monistic interest, as formulated by Bentham, is made up of the individual’s imagined expectations, which are constructed by the very regime that maximizes them. He asserts that this construction of interests is not the work of a self-serving manipulative state. Rather, the state, which is itself subject to strict economic regulation, is only one cluster of myriad "public" and "private" agencies that produce and coordinate expectations. In place of a liberal vision in which government appears only as a protector of the free pursuit of interest, Engelmann posits that the free pursuit of interest is itself a mode of government, one that deploys individual imagination and choice as its agents.

 

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Contents

1 Introduction
1
2 Against the Usual Story
17
3 Virtuous Economies
35
4 Imagining Interest
48
5 State Rationality
77
6 The Public Interest
104
7 The Economic Polity
141
Notes
151
Index
185
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About the author (2003)

Stephen G. Engelmann is Assistant Professor of Political Science at the University of Illinois at Chicago.

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