Introduction to Weber

Abstract

This article discusses the origins of the speculative configuration that has come to characterize English banking. It criticizes Gerschenkron's view that early nineteenth-century English banking developed relatively autonomously from manufacturing. Pointing out that he misunderstood the specific nature of English finance and the reasons that explained the later shift towards speculation, it shows how Gerschenkron and his followers have consistently underestimated the role of the state in shaping the nature of English finance. The main argument of the article is that state intervention was a decisive factor in shaping the nature of English finance. It proved crucial in initiating the divergence between English and continental finance, and contributed to the rise of modern banking in England. Finally, I argue that the speculative configuration of finance often associated with England was a late development of the nineteenth century that again reflected changes in the form of financial and monetary regulation.     

Introduction to Kirchheimer

Mainly through examining an essay by Iris Marion Young on policy and treatment for pregnant drug users, I compare the feminist ethic of care with the ethics of Michel Foucault, which, I argue, are founded upon the value of freedom. I find several contradictions in Young's work. She criticizes universalization, but does not avoid it herself; she espouses the value of freedom, yet wants the other to conform to her own values. I argue that the problem lies in Young's liberal-humanist understanding of freedom and its relation to ethics. Foucault's understanding of freedom is a sounder base for an ethics, and this provides needed support for the concept of caring. It also yields new perspectives on social problems such as drugs.