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The Representation of Business in English Literature [2000] The Online Library of Liberty A Project Of Liberty Fund, Inc. Arthur Pollard, The Representation of Business in English Literature [2000] The Online Library Of Liberty This E-Book (PDF format) is published by Liberty Fund, Inc., a private, non-profit, educational foundation established in 1960 to encourage study of the ideal of a society of free and responsible individuals. 2010 was the 50th anniversary year of the founding of Liberty Fund. It is part of the Online Library of Liberty web site http://oll.libertyfund.org, which was established in 2004 in order to further the educational goals of Liberty Fund, Inc. To find out more about the author or title, to use the site's powerful search engine, to see other titles in other formats (HTML, facsimile PDF), or to make use of the hundreds of essays, educational aids, and study guides, please visit the OLL web site. This title is also part of the Portable Library of Liberty DVD which contains over 1,000 books and quotes about liberty and power, and is available free of charge upon request. The cuneiform inscription that appears in the logo and serves as a design element in all Liberty Fund books and web sites is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash, in present day Iraq. To find out more about Liberty Fund, Inc., or the Online Library of Liberty Project, please contact the Director at [email protected]. LIBERTY FUND, INC. 8335 Allison Pointe Trail, Suite 300 Indianapolis, Indiana 46250-1684 Online Library of Liberty: The Representation of Business in English Literature Edition Used: The Representation of Business in English Literature, edited and with an Introduction by Arthur Pollard. Foreword by John Blundell (Indianapolis: Liberty Fund, 2009). Editor: Arthur Pollard Foreword: John Blundell About This Title: In The Representation of Business in English Literature, five scholars of different periods of English literature produce original essays on how business and businesspeople have been portrayed by novelists, starting in the eighteenth century and continuing to the end of the twentieth century. The contributors to Representation help readers understand the partiality of the various writers and, in so doing, explore the issue of what determines public opinion about business. PLL v6.0 (generated September, 2011) 2 http://oll.libertyfund.org/title/2306 Online Library of Liberty: The Representation of Business in English Literature About Liberty Fund: Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. Copyright Information: Copyright 2009 by the Institute of Economic Affairs. Reprinted and online by permission. Fair Use Statement: This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit. PLL v6.0 (generated September, 2011) 3 http://oll.libertyfund.org/title/2306 Online Library of Liberty: The Representation of Business in English Literature Table Of Contents Note On the Liberty Fund Edition Foreword John Blundell The Authors The Representation of Business In English Literature Introduction Arthur Pollard University of Hull Eighteenth-century Attitudes Towards Business W. A. Speck University of Leeds Early Nineteenth Century: Birmingham—“something Direful In the Sound” Geoffrey Carnall University of Edinburgh The High Victorian Period (1850-1900): “the Worship of Mammon” Angus Easson University of Salford The Early Twentieth Century: Uniformity, Drudgery and Economics Allan Simmons St. Mary’s University College Mid-late Twentieth Century: “an Unprecedented Moral Quagmire” John Morris Brunel University PLL v6.0 (generated September, 2011) 4 http://oll.libertyfund.org/title/2306 Online Library of Liberty: The Representation of Business in English Literature [Back to Table of Contents] Note On The Liberty Fund Edition The Institute of Economic Affairs has long acted as a bridge for ideas between the United States and Europe. Austrian economics, Public Choice or rather the Virginia School of economics, and of course the Chicago School lead the list. Working full- time in the United States from 1982 to 1993 was a real eye-opener for me. Here was this extraordinarily rich, compassionate and vibrant society set in such a massive and beautiful country. Yet every night on the TV news, in prime time and in movies and elsewhere, the great engine of personal liberty and prosperity—free-market capitalism—was almost universally denigrated. But even here relief was at hand as scholars such as Emily Stipes Watts (The Businessman in American Literature) were examining the issue and groups such as the Media Institute (Crooks, Conmen and Clowns: Businessmen in TV Entertainment) were carrying out studies on it. I was deeply impressed by this work, and on returning to the United Kingdom in January 1993 my second priority (after introducing free- market environmentalism to Europe) was to begin addressing both the cultural and the moral attacks on wealth creation. When the Institute of Economic Affairs published this volume in 2000, we were stunned by the volume of publicity it garnered. It probably received the most coverage of any IEA book, and considering we publish more than 120 authors each year (over a thousand books total), and among them ten Nobel laureates, that is amazing. The coverage was wall to wall and mostly critical, yet we had obviously touched a raw nerve and the book was a positive addition to the debate. We are delighted that our friends at Liberty Fund have brought out this edition. My only regret is that Professor Arthur Pollard, who edited and introduced the IEA edition, passed away in 2002. He was a great scholar, a friend of liberty and a very early influence on me. john blundell General Director and Ralph Harris Fellow, April 2009 PLL v6.0 (generated September, 2011) 5 http://oll.libertyfund.org/title/2306 Online Library of Liberty: The Representation of Business in English Literature [Back to Table of Contents] Foreword John Blundell At first glance it might seem a little out of the ordinary for the Institute of Economic Affairs (IEA) to publish a collection of essays on the representation of business in English literature over the past three centuries, however good those essays may be. However, the mission of the IEA is to broaden public understanding of the functioning of a free economy. Thus a very significant part of its work has to do with understanding the processes by which public opinion evolves and, against such analysis, to consider how the free economy is viewed, why it is so viewed, and how such a view might be improved. When the IEA’s founder, the late Sir Antony G. A. Fisher, met with future Nobel laureate F. A. Hayek at the London School of Economics and Political Science (LSE) in the summer of 1945,1 Hayek was between The Road to Serfdom and The Intellectuals and Socialism. The former was his call to arms, the latter his blueprint for change. In that blueprint he lists the types of people he believes make up the class of “intellectuals.”2 Before doing so, however, he makes these points: • before you try making such a list yourself “it is difficult to realise how numerous it is”; try it now yourself before going any further—list all the intellectual professions you can think of; • the “scope” for the “activities” of this “class” or group constantly increases in modern society; and • “how dependent on it (that is, the class of intellectuals) we have become.” Hayek’s list then goes on as follows: • “journalists, teachers, ministers, lecturers, publicists, radio commentators, writers of fiction (my emphasis), cartoonists, and artists—all of whom may be masters of the technique of conveying ideas but are usually amateurs so far as the substance of what they convey is concerned”; and • “many professional men and technicians, such as scientists and doctors, who through their habitual intercourse with the printed word become carriers of new ideas outside their own fields and who, because of their expert knowledge of their own subjects, are listened to with respect on most others.” To Hayek the term intellectual is not very satisfactory because it does not give a full picture of the size of this group of “secondhand dealers in ideas.” This lack of a precise term he thinks has deterred serious study of the role of such people. He also attempts his own definition which has always delighted me, ever since I first read it as an undergraduate at the LSE. In Hayek’s view, when someone is performing the intellectual function he or she is not an “original thinker” nor a “scholar or expert in a particular field.” In performing intellectual work he or she does not “possess special knowledge of anything in PLL v6.0 (generated September, 2011) 6 http://oll.libertyfund.org/title/2306 Online Library of Liberty: The Representation of Business in English Literature particular” and “need not even be particularly intelligent.” What the intellectual does have is “the wide range of subjects on which he can readily talk and write” and “a position or habits through which he becomes acquainted with new ideas sooner than those to whom he addresses himself.” Hayek presents a bleak picture. He is clearly saying that this large class of intellectuals consists of two categories. In the first are the people who are expert at conveying ideas but are complete and utter amateurs when it comes to substance and need not even be particularly intelligent.
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