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Liberty and property : political economy and policymaking in the new nation, 1789-1812 /
John R. Nelson, Jr.
Baltimore : Johns Hopkins University Press, c1987.
xv, 221 p. : ill. --
0801834406 (alk. paper)
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Baltimore : Johns Hopkins University Press, c1987.
0801834406 (alk. paper)
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Bibliography: p. 187-212.
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Full Text Reviews
Appeared in Choice on 1987-11:
Nelson presents a provocative and largely persuasive thesis about the views on political economy that guided the most notable national policymakers in the early republic. All were good ``federalists'' who supported the Constitution of 1787 and favored fiscal policies that would mediate social conflict and direct social progress. As became evident in the 1790s, these leaders differed over the most appropriate means to achieve shared goals. Hamiltonians favored the continued economic integration of the American with the British Empire, while Jefferson, Madison, Gallatin, and other Republicans wanted economic as well as political autonomy. Nelson develops his analysis of the Republicans with considerable sensitivity. He is far less sympathetic and successful with the Hamiltonian perspective. Despite certain annoying lapses in the editing, this excellent study deserves a place in college and university libraries.-J.L. Cooper, DePauw University
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Choice, November 1987
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