Inspired by recent research on the cultural impact of economic change, an international team of leading academics and younger scholars examine the ways in which state and society responded to fundamental economic transition. The studies embrace all aspects of the regulatory process, from developing ideas on the economy, to the passage of legislation, and to the negotiation of economic policy and change in practice. The book challenges the general characterization of the period as a shift from a regulated economy to a more laissez-faire system, highlighting the uncertain but significant relationship between the state and economic interests across the long eighteenth century.

The Glorious Revolution of 1688–9 transformed the role of parliament in Britain and its empire. Large numbers of statutes resulted, with most concerning economic activity. Julian Hoppit here provides the first comprehensive account of these acts, revealing how government affected economic life in this critical period prior to the Industrial Revolution, and how economic interests across Britain used legislative authority for their own benefit. Through a series of case studies, he shows how ideas, interests, and information influenced statutory action in practice. Existing frameworks such as 'mercantilism' and the 'fiscal-military state' fail to capture the full richness and structural limitations of how political power influenced Britain's precocious economic development in the period. Instead, finely grained statutory action was the norm, guided more by present needs than any grand plan, with regulatory ambitions constrained by administrative limitations, and some parts of Britain benefiting much more than others.

In this edition the missing part of one letter and eighteen entirely new ones are presented. The search for these letters even extended to Japan. Therefore, all new Smith letter discovered since 1977 are included. In addition, wherever errors were suspected or misreadings have come to light in the standing text as a result of advice from reviewers and correspondents, these have been corrected.

This book hinges upon ideas and discourses variously known under labels such as “Mercantilism” and “Cameralism”. Often viewed as antithesis of capitalism, inclusive institutions and good economy in the “West”, this book re-assembles them and builds them into a coherent origin story of modern capitalism. It explores the field of intellectual and conceptual history, especially the history of Renaissance and Mercantilism in a longer history of capitalism. Rather than hindrances, the author argues that Mercantilist and Cameralist political economies presented essential stepping stones of modern capitalism, in Britain and beyond. This book will be of interest to academics and students in general economic history, the history of capitalism, economic development and the history of economic thought.

The extraordinary influence of Scots in the British Empire has long been recognized. As administrators, settlers, temporary residents, professionals, plantation owners, and as military personnel, they were strikingly prominent in North America, the Caribbean, Australasia, South Africa, India, and colonies in South-East Asia and Africa. Throughout these regions they brought to bear distinctive Scottish experience as well as particular educational, economic, cultural, and religious influences. Moreover, the relationship between Scots and the British Empire had a profound effect upon many aspects of Scottish society. This volume of essays, written by notable scholars in the field, examines the key roles of Scots in central aspects of the Atlantic and imperial economies from the eighteenth to the twentieth centuries, in East India Company rule in India, migration and the preservation of ethnic identities, the environment, the army, missionary and other religious activities, the dispersal of intellectual endeavours, and in the production of a distinctive literature rooted in colonial experience. Making use of recent, innovative research, the chapters demonstrate that an understanding of the profoundly interactive relationship between Scotland and the British Empire is vital both for the understanding of the histories of that country and of many territories of the British Empire. All scholars and general readers interested in the dispersal of intellectual ideas, key professions, Protestantism, environmental practices, and colonial literature, as well as more traditional approaches to politics, economics, and military recruitment, will find it an essential addition to the historical literature.