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Volumn 28, Issue 1, 1998, Pages 79-99

Constructing the economic space: The World Bank and the making of Homo Oeconomicus

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EID: 11544337095     PISSN: 03058298     EISSN: None     Source Type: Journal    
DOI: 10.1177/03058298990280011001     Document Type: Article
Times cited : (70)

References (127)
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    • Cambridge: Cambridge University, Press, especially chap. 6
    • Here I have drawn on Subroto Roy. Philosophy of Economics: On the Scope of Reason in Economic Inquiry (London: Routledge, 1989), especially chap. 10, and Mark Blaug, The Methodology of Economics: Or How Economists Explain, 2nd ed. (Cambridge: Cambridge University, Press, 1992), especially chap. 6.
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    • Blaug, The Methodology of Economics, 230-32. For an empirical demonstration of this, see Bruno Frey, Werner Pommerhene, Friedrich Schneider, and Guy Gilbert, 'Consensus and Dissension Among Economists: An Empirical Inquiry', American Economic Review 74, no. 5 (1984): 986-94.
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    • Blaug, The Methodology of Economics, 230-32. For an empirical demonstration of this, see Bruno Frey, Werner Pommerhene, Friedrich Schneider, and Guy Gilbert, 'Consensus and Dissension Among Economists: An Empirical Inquiry', American Economic Review 74, no. 5 (1984): 986-94.
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    • Albert Hirschman, The Passions and the Interests: Political Arguments for Capitalism Before its Triumph, 20th Anniversary Edition (Princeton: Princeton University Press, 1997); and Bernard Mandeville, The Fable of the Bees (Harmondsworth: Penguin, 1970).
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    • There are some parallels between this and Keynesian economics, and some of the original growth models designed for developing countries were derived from Keynes's work. For a discussion of this see Keynes and Economic Development, ed. A.P. Thirwall (Basingstoke: Macmillan, 1987). There remains some dispute within economics over whether Keynes's macroeconomic theory can be given a neo-classical microeconomic foundation. See, for example, Axel Leijonhufved, On Keynesian Economics and the Economics of Keynes (Oxford: Oxford University Press, 1968) and Takashi Negishi, Microeconomic Foundations of Keynesian Macroeconomics (Amsterdam: Elsevier, 1979). Whatever the importance of this dispute, 'orthodox' development economists do seem to have thought that at least some macroeconomic problems could be understood using concepts drawn from microeconomics.
    • (1987) Keynes and Economic Development
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    • There are some parallels between this and Keynesian economics, and some of the original growth models designed for developing countries were derived from Keynes's work. For a discussion of this see Keynes and Economic Development, ed. A.P. Thirwall (Basingstoke: Macmillan, 1987). There remains some dispute within economics over whether Keynes's macroeconomic theory can be given a neo-classical microeconomic foundation. See, for example, Axel Leijonhufved, On Keynesian Economics and the Economics of Keynes (Oxford: Oxford University Press, 1968) and Takashi Negishi, Microeconomic Foundations of Keynesian Macroeconomics (Amsterdam: Elsevier, 1979). Whatever the importance of this dispute, 'orthodox' development economists do seem to have thought that at least some macroeconomic problems could be understood using concepts drawn from microeconomics.
    • (1968) On Keynesian Economics and the Economics of Keynes
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    • Amsterdam: Elsevier
    • There are some parallels between this and Keynesian economics, and some of the original growth models designed for developing countries were derived from Keynes's work. For a discussion of this see Keynes and Economic Development, ed. A.P. Thirwall (Basingstoke: Macmillan, 1987). There remains some dispute within economics over whether Keynes's macroeconomic theory can be given a neo-classical microeconomic foundation. See, for example, Axel Leijonhufved, On Keynesian Economics and the Economics of Keynes (Oxford: Oxford University Press, 1968) and Takashi Negishi, Microeconomic Foundations of Keynesian Macroeconomics (Amsterdam: Elsevier, 1979). Whatever the importance of this dispute, 'orthodox' development economists do seem to have thought that at least some macroeconomic problems could be understood using concepts drawn from microeconomics.
    • (1979) Microeconomic Foundations of Keynesian Macroeconomics
    • Negishi, T.1
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    • New York: Atheneum
    • Eugene Black, The Diplomacy of Economic Development (New York: Atheneum, 1963), and Edward Mason and Robert Asher, The World Bank Since Bretton Woods (Washington, DC: Brookings Institute, 1973).
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    • Eugene Black, The Diplomacy of Economic Development (New York: Atheneum, 1963), and Edward Mason and Robert Asher, The World Bank Since Bretton Woods (Washington, DC: Brookings Institute, 1973).
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    • Mason, E.1    Asher, R.2
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    • See, for example, Arnold Heertje, ed., The Economic Role of the State (Oxford: Blackwell, 1989), and John Harris, Janet Hunter, and Colin Lewis, eds., The New Institutional Economics and Third World Development (London: Routledge, 1995).
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    • (1991) World Development Report 1991
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    • Oxford: Clarendon
    • In addition to the works cited below for this reading of Smith, I have benefited particularly from Athol Fitzgibbons, Adam Smith's System of Liberty, Wealth and Virtue: The Moral and Political Foundations of The Wealth of Nations (Oxford: Clarendon, 1995); Denis Meuret, 'A Political Geneaology of Political Economy', in Foucault's New Domains, eds. Mike Gane and Terry Johnson (London: Routledge, 1993); Charles Dazerman, 'Money Talks: The Rhetorical Project of The Wealth of Nations', in Economics and Language, eds. Willie Henderson, Tony Dudley-Evans, and Roger Blackhouse (London: Routledge, 1993); and Shapiro, Reading 'Adam Smith'. I have also benefited from locating this reading of Smith in a line of commentary on other thinkers who can be read as having a similarly transformative project. For Hobbes, see David Johnstone, The Rhetoric of Leviathan: Thomas Hobbes and the Politics of Cultural Transformation (Princeton: Princeton University Press, 1986), and for Locke, see James Tully, 'Governing Conduct' in Conscience and Casuistry in Early Modern Europe, ed. Edmund Leites (Cambridge: Cambridge University Press, 1988).
    • (1995) Adam Smith's System of Liberty, Wealth and Virtue: The Moral and Political Foundations of the Wealth of Nations
    • Fitzgibbons, A.1
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    • A Political Geneaology of Political Economy
    • eds. Mike Gane and Terry Johnson London: Routledge
    • In addition to the works cited below for this reading of Smith, I have benefited particularly from Athol Fitzgibbons, Adam Smith's System of Liberty, Wealth and Virtue: The Moral and Political Foundations of The Wealth of Nations (Oxford: Clarendon, 1995); Denis Meuret, 'A Political Geneaology of Political Economy', in Foucault's New Domains, eds. Mike Gane and Terry Johnson (London: Routledge, 1993); Charles Dazerman, 'Money Talks: The Rhetorical Project of The Wealth of Nations', in Economics and Language, eds. Willie Henderson, Tony Dudley-Evans, and Roger Blackhouse (London: Routledge, 1993); and Shapiro, Reading 'Adam Smith'. I have also benefited from locating this reading of Smith in a line of commentary on other thinkers who can be read as having a similarly transformative project. For Hobbes, see David Johnstone, The Rhetoric of Leviathan: Thomas Hobbes and the Politics of Cultural Transformation (Princeton: Princeton University Press, 1986), and for Locke, see James Tully, 'Governing Conduct' in Conscience and Casuistry in Early Modern Europe, ed. Edmund Leites (Cambridge: Cambridge University Press, 1988).
    • (1993) Foucault's New Domains
    • Meuret, D.1
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    • Money Talks: The Rhetorical Project of the Wealth of Nations
    • eds. Willie Henderson, Tony Dudley-Evans, and Roger Blackhouse London: Routledge
    • In addition to the works cited below for this reading of Smith, I have benefited particularly from Athol Fitzgibbons, Adam Smith's System of Liberty, Wealth and Virtue: The Moral and Political Foundations of The Wealth of Nations (Oxford: Clarendon, 1995); Denis Meuret, 'A Political Geneaology of Political Economy', in Foucault's New Domains, eds. Mike Gane and Terry Johnson (London: Routledge, 1993); Charles Dazerman, 'Money Talks: The Rhetorical Project of The Wealth of Nations', in Economics and Language, eds. Willie Henderson, Tony Dudley-Evans, and Roger Blackhouse (London: Routledge, 1993); and Shapiro, Reading 'Adam Smith'. I have also benefited from locating this reading of Smith in a line of commentary on other thinkers who can be read as having a similarly transformative project. For Hobbes, see David Johnstone, The Rhetoric of Leviathan: Thomas Hobbes and the Politics of Cultural Transformation (Princeton: Princeton University Press, 1986), and for Locke, see James Tully, 'Governing Conduct' in Conscience and Casuistry in Early Modern Europe, ed. Edmund Leites (Cambridge: Cambridge University Press, 1988).
    • (1993) Economics and Language
    • Dazerman, C.1
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    • In addition to the works cited below for this reading of Smith, I have benefited particularly from Athol Fitzgibbons, Adam Smith's System of Liberty, Wealth and Virtue: The Moral and Political Foundations of The Wealth of Nations (Oxford: Clarendon, 1995); Denis Meuret, 'A Political Geneaology of Political Economy', in Foucault's New Domains, eds. Mike Gane and Terry Johnson (London: Routledge, 1993); Charles Dazerman, 'Money Talks: The Rhetorical Project of The Wealth of Nations', in Economics and Language, eds. Willie Henderson, Tony Dudley-Evans, and Roger Blackhouse (London: Routledge, 1993); and Shapiro, Reading 'Adam Smith'. I have also benefited from locating this reading of Smith in a line of commentary on other thinkers who can be read as having a similarly transformative project. For Hobbes, see David Johnstone, The Rhetoric of Leviathan: Thomas Hobbes and the Politics of Cultural Transformation (Princeton: Princeton University Press, 1986), and for Locke, see James Tully, 'Governing Conduct' in Conscience and Casuistry in Early Modern Europe, ed. Edmund Leites (Cambridge: Cambridge University Press, 1988).
    • Reading 'Adam Smith'
    • Shapiro1
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    • Princeton: Princeton University Press
    • In addition to the works cited below for this reading of Smith, I have benefited particularly from Athol Fitzgibbons, Adam Smith's System of Liberty, Wealth and Virtue: The Moral and Political Foundations of The Wealth of Nations (Oxford: Clarendon, 1995); Denis Meuret, 'A Political Geneaology of Political Economy', in Foucault's New Domains, eds. Mike Gane and Terry Johnson (London: Routledge, 1993); Charles Dazerman, 'Money Talks: The Rhetorical Project of The Wealth of Nations', in Economics and Language, eds. Willie Henderson, Tony Dudley-Evans, and Roger Blackhouse (London: Routledge, 1993); and Shapiro, Reading 'Adam Smith'. I have also benefited from locating this reading of Smith in a line of commentary on other thinkers who can be read as having a similarly transformative project. For Hobbes, see David Johnstone, The Rhetoric of Leviathan: Thomas Hobbes and the Politics of Cultural Transformation (Princeton: Princeton University Press, 1986), and for Locke, see James Tully, 'Governing Conduct' in Conscience and Casuistry in Early Modern Europe, ed. Edmund Leites (Cambridge: Cambridge University Press, 1988).
    • (1986) The Rhetoric of Leviathan: Thomas Hobbes and the Politics of Cultural Transformation
    • Johnstone, D.1
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    • Governing Conduct
    • ed. Edmund Leites Cambridge: Cambridge University Press
    • In addition to the works cited below for this reading of Smith, I have benefited particularly from Athol Fitzgibbons, Adam Smith's System of Liberty, Wealth and Virtue: The Moral and Political Foundations of The Wealth of Nations (Oxford: Clarendon, 1995); Denis Meuret, 'A Political Geneaology of Political Economy', in Foucault's New Domains, eds. Mike Gane and Terry Johnson (London: Routledge, 1993); Charles Dazerman, 'Money Talks: The Rhetorical Project of The Wealth of Nations', in Economics and Language, eds. Willie Henderson, Tony Dudley-Evans, and Roger Blackhouse (London: Routledge, 1993); and Shapiro, Reading 'Adam Smith'. I have also benefited from locating this reading of Smith in a line of commentary on other thinkers who can be read as having a similarly transformative project. For Hobbes, see David Johnstone, The Rhetoric of Leviathan: Thomas Hobbes and the Politics of Cultural Transformation (Princeton: Princeton University Press, 1986), and for Locke, see James Tully, 'Governing Conduct' in Conscience and Casuistry in Early Modern Europe, ed. Edmund Leites (Cambridge: Cambridge University Press, 1988).
    • (1988) Conscience and Casuistry in Early Modern Europe
    • Tully, J.1
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    • Ibid., 139. Smith makes similar arguments about slavery, 387-90.
    • An Inquiry , pp. 139
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    • Ibid., 140. See also McKendrick, 'Josiah Wedgwood'.
    • An Inquiry , pp. 140
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    • When the Land Belonged to All: The Land Question in Eighteenth-Century Justifications of Private Property
    • Ursula Vogel, 'When the Land Belonged to All: The Land Question in Eighteenth-Century Justifications of Private Property', Political Studies 36, no. 1 (1988): 102-22.
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    • Vogel, U.1
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    • (1960) Journal of Political Economy , vol.68 , Issue.6 , pp. 559
    • Rosenberg, N.1
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    • This self-reflexiveness is the key concept in Smith's Theory of Moral Sentiments, Glasgow Edition (Oxford: Oxford University Press, 1976).
    • (1976) Theory of Moral Sentiments, Glasgow Edition
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    • Adam Smith's "Enduring Particular Result": A Political and Cosmopolitan Perspective
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    • Donald Winch, 'Adam Smith's "Enduring Particular Result": A Political and Cosmopolitan Perspective', in Wealth and Virtue: The Shaping of Political Economy in the Scottish Enlightenment, eds. Istvan Hont and Michael Ignatieff (Cambridge: Cambridge University Press, 1983), 258-59.
    • (1983) Wealth and Virtue: The Shaping of Political Economy in the Scottish Enlightenment , pp. 258-259
    • Winch, D.1
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    • In fact Smith never suggests this
    • In fact Smith never suggests this.
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    • For a brief introduction, see Williams and Young, 'Governance'; Adrian Leftwich, 'Governance, Democracy and Development in the Third World', Third World Quarterly 14, no. 3 (1993): 605-24, and Mark Robinson, 'Aid, Democracy and Political Conditionality in Sub-Saharan Africa', European Journal of Development Research 5, no. 1 (1993): 85-99.
    • Governance
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    • Governance, Democracy and Development in the Third World
    • For a brief introduction, see Williams and Young, 'Governance'; Adrian Leftwich, 'Governance, Democracy and Development in the Third World', Third World Quarterly 14, no. 3 (1993): 605-24, and Mark Robinson, 'Aid, Democracy and Political Conditionality in Sub-Saharan Africa', European Journal of Development Research 5, no. 1 (1993): 85-99.
    • (1993) Third World Quarterly , vol.14 , Issue.3 , pp. 605-624
    • Leftwich, A.1
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    • Aid, Democracy and Political Conditionality in Sub-Saharan Africa
    • For a brief introduction, see Williams and Young, 'Governance'; Adrian Leftwich, 'Governance, Democracy and Development in the Third World', Third World Quarterly 14, no. 3 (1993): 605-24, and Mark Robinson, 'Aid, Democracy and Political Conditionality in Sub-Saharan Africa', European Journal of Development Research 5, no. 1 (1993): 85-99.
    • (1993) European Journal of Development Research , vol.5 , Issue.1 , pp. 85-99
    • Robinson, M.1
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    • Ghana: The Political Economy of Personal Rule
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    • For a graphic illustration of this, see Richard Jeffries, 'Ghana: The Political Economy of Personal Rule', in Contemporary West African States eds. Donal Cruise O'Brien, John Dunn, and Richard Rathbone (Cambridge: Cambridge University Press, 1989), 75-98.
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    • staff appraisal report number 15624-PH, October 24
    • World Bank, 'Philippines: Agrarian Reform Communities Development Project', staff appraisal report number 15624-PH, October 24, 1996. The Staff Appraisal Reports referenced in this paper are not formally published by the bank, but are available to the public.
    • (1996) Philippines: Agrarian Reform Communities Development Project
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    • Accounting and Objectivity: The Invention of Calculating Selves and Calculable Spaces
    • Peter Miller, 'Accounting and Objectivity: The Invention of Calculating Selves and Calculable Spaces', Annals of Scholarship 9, nos. 1/2 (1992): 61-86; Peter Miller and Ted O'Leary, 'Accounting and the Construction of the Governable Person', Accounting, Organisations and Society 12, no. 3 (1987): 235-65.
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    • Accounting and the Construction of the Governable Person
    • Peter Miller, 'Accounting and Objectivity: The Invention of Calculating Selves and Calculable Spaces', Annals of Scholarship 9, nos. 1/2 (1992): 61-86; Peter Miller and Ted O'Leary, 'Accounting and the Construction of the Governable Person', Accounting, Organisations and Society 12, no. 3 (1987): 235-65.
    • (1987) Accounting, Organisations and Society , vol.12 , Issue.3 , pp. 235-265
    • Miller, P.1    O'Leary, T.2
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    • staff appraisal report number 12406-GH, March 21
    • World Bank, 'Ghana: Community Water and Sanitation Project', staff appraisal report number 12406-GH, March 21, 1994.
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    • Distant Obligations: Speculations on NGO Funding and the Global Market
    • For a different perspective on this, see Alan Fowler, 'Distant Obligations: Speculations on NGO Funding and the Global Market', Review of African Political Economy 55 (1992): 9-29.
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    • staff appraisal report number 11355PH, March 31
    • World Bank, 'Philippines: Tax Computerization Project', staff appraisal report number 11355PH, March 31, 1993.
    • (1993) Philippines: Tax Computerization Project
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    • London: Butterworths
    • See Michael Roemer and Joseph Stern, Cases in Economic Development: Projects, Policies and Strategies (London: Butterworths, 1981), and Tony Barnett, 'Evaluating the Gezira Scheme: Black Box or Pandora's Box?' Rural Development in Tropical Africa, eds. Judith Heyer, Pepe Roberts, and Gavin Williams (London: Macmillan, 1981).
    • (1981) Cases in Economic Development: Projects, Policies and Strategies
    • Roemer, M.1    Stern, J.2
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    • Evaluating the Gezira Scheme: Black Box or Pandora's Box?
    • eds. Judith Heyer, Pepe Roberts, and Gavin Williams London: Macmillan
    • See Michael Roemer and Joseph Stern, Cases in Economic Development: Projects, Policies and Strategies (London: Butterworths, 1981), and Tony Barnett, 'Evaluating the Gezira Scheme: Black Box or Pandora's Box?' Rural Development in Tropical Africa, eds. Judith Heyer, Pepe Roberts, and Gavin Williams (London: Macmillan, 1981).
    • (1981) Rural Development in Tropical Africa
    • Barnett, T.1
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    • London: Routledge
    • For some general issues, see the essays in Mark Hobart, ed., An Anthropological Critique of Development (London: Routledge, 1993), and Norman Long and Ann Long, eds., Battlefields of Knowledge: The Interlocking of Theory and Practice in Social Research and Development (London: Routledge, 1992).
    • (1993) An Anthropological Critique of Development
    • Hobart, M.1
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    • Self-interest in Political Life
    • See Jane Mansbridge, 'Self-interest in Political Life'. Political Theory 18, no. 1 (1990): 132-253.
    • (1990) Political Theory , vol.18 , Issue.1 , pp. 132-253
    • Mansbridge, J.1
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    • Buckingham: Open University Press
    • Blaug, The Methodology of Economics. and John Davies, Exchange (Buckingham: Open University Press, 1992).
    • (1992) Exchange
    • Davies, J.1


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