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The Closed Commercial StatePerpetual Peace and Commercial Society from Rousseau to Fichte$
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Isaac Nakhimovsky

Print publication date: 2011

Print ISBN-13: 9780691148946

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691148946.001.0001

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Republicanization in Theory and Practice

Republicanization in Theory and Practice

(p.103) Chapter 3 Republicanization in Theory and Practice
The Closed Commercial State

Isaac Nakhimovsky

Princeton University Press

This chapter reveals that Fichte's proposal for a planned economy was an application of widespread eighteenth-century thinking about the positive possibilities created by modern finance: in this view, the state's ability to control the monetary system created an unprecedented opportunity to bring about a moral transformation of economic relations. It held out the promise of restoring a greater measure of equality to the modern division of labor without requiring massive expropriations or reversing the centuries of growth and development that had been fueled by the expansion of trade. For many other eighteenth-century minds, however, giving a government control over the money supply was a recipe for a new form of complete despotism.

Keywords:   Johann Gottlieb Fichte, Immanuel Kant, planned economy, monetary system, political economy, modern finance, economic relations, equality

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