Lessons on the Rise and Fall of Great Powers: Conquest, Commerce, and Decline in Enlightenment Italy

• Published in: The American historical review Vol. 115; no. 5; pp. 1395 - 1425
• Main Author: REINERT, SOPHUS A.
• Format: Journal Article
• Language: English
• Published: Oxford The University of Chicago Press 01.12.2010; University of Chicago Press; Oxford University Press
• Subjects: Age of Enlightenment; AHR Forum: New Perspectives on the Enlightenment; Antiquarianism; Civilization; Commerce; Economic decline; Economics; Empires; Enlightenment; European history; History of economic thought; Italy; Narrative history; Physiocratism; Political debate; Political economy; Political ethics; Political history; Power; Territorial issues; United States economic history
• ISSN: 0002-8762; 1937-5239
• DOI: 10.1086/ahr.115.5.1395

Though the theme of his Sigwick Memorial Lecture at Cambridge was "Decadence," and though he knew that "somewhere in the dim future" decline lay inevitably ahead, former British prime minister Arthur Balfour saw in 1908 "no symptoms either of pause or of regression in the onward movement which for more than a thousand years has been characteristic of Western civilization." Just over a century later, his "dim future" has become our grim present. With the relative decline of the West upon us, historians have an important role to play in supplying the perspectives necessary to make sense of changing circumstances. It might aid us in this process to revisit the debate embedded in the political economy of Enlightenment Italy, which was almost certainly the most advanced debate on decline in the history of the West. Because, uniquely, Italy had twice declined from a hegemonic position: once through conquest, with the barbarian invasions that toppled Rome's Western Empire; and once through commerce, with the economic competition from territorial monarchies that signaled the end of the Italian Renaissance. These two catastrophes provided theorists there with unique insights into the nature of decline and inspired ceaseless (though now little-known) debate about the means of overcoming it. As a guide through these uncharted and often melancholy lands, people can look to the nearly forgotten poet Agostino Paradisi (1736-1783) of Modena, the peninsula's third professor of political economy and one of his century's most acute theorists of decline. Our poet presents us with an ideal case study for rethinking not only the political economy of decline, but the very nature of Enlightenment itself. Here, Reinert takes on the conventional claim that the Enlightenment mainstream put its faith in peaceful laissez-faire economics.