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Part of the book series: Michel Foucault ((MFL))

Abstract

TODAY I WOULD LIKE to start from the things I have been explaining over the last weeks and go back a bit toward what I took as my starting point at the beginning of the year.Last week I tried to show how American neo-liberals apply, or at any rate try to apply economic analysis to a series of objects, to domains of behavior or conduct which were not market forms of behavior or conduct: they attempt to apply economic analysis to marriage, the education of children, and criminality, for example. This of course poses a problem of both theory and method, the problem of the legitimacy of applying such an economic model, the practical problem of the heuristic value of this model, etcetera. These problems all revolve around a theme or a notion: homo œconomicus, economic man. To what extent is it legitimate, and to what extent is it fruitful, to apply the grid, the schema, and the model of homo œconomicus to not only every economic actor, but to every social actor in general inasmuch as he or she gets married, for example, or commits a crime, or raises children, gives affection and spends time with the kids? So there is a problem of the validity of the applicability of this grid of homo œconomicus. Actually, this problem of the application of homo œconomicus has become one of the classics of neo-liberal discussion in the United States.

The model of homo ceconomicus. ∼ Its generakation to every form of behavior in American neo-liberalism. ∼Economic analysis and behavioral techniques. Homo aeconomicus as the basic element of the new governmental reason appeared in the eighteenth century. •-, Elementsfor a history of the notion of homo ceconomicus before Walras and Pareto. ∼The subject of interest in English empiricist philosophy (Hume). • The heterogeneity of the subject of interest and the legal subject: (1) The irreducible nature of interest in comparison with juridical will. (2) The contrasting logics of the market and the contract.Second innovation with regard to the juridical model: the economic subjects relationship with political power. Condorcet. Adam Smiths“invisible hand”: invisibility of the link between the individuals pursuit ofprofit and the growth of collective wealth. The nontota4ble nature of the economic world. The sovereigns necessary ignorance. •-, Political economy as critique of governmental reason: rejection of the possibility of an economic sovereign in its two, mercantilist and physiocratic,forms. Political economy as a science lateral to the art of government.

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Footnotes

  1. I.M. Kirzner, “Rational action and economic theory,” Journal of Political Economy, vol. 70 (4), August 1962, pp. 380–385.

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  16. Nicolas Malebranche (1638–1715), philosopher and theologian, member of the Oratorians. Foucault is referring here to the “occasionalist” thesis, or theory of “occasional causes,” defended by Malebranche in several of his works—De la Recherche de la vérité (1674), XV Éclaircissment, Œuvres, t. I (Paris: Gallimard, 1979) pp. 969–1014; Entretiens sur la méta-physique et la religion (1688), VII, Œuvres, t. II (1992) pp. 777–800, etcetera—according to which “only God is a real cause. What we call a natural cause is not at all a real and genuine cause, but simply, if we insist on keeping the name, an occasional cause, which, as a consequence of general laws, determines that God manifests his action, which alone is effective, in this way” (V. Delbos, “Malebrance et Maine de Biran,” Revue de métaphysique, 1916, pp. 147–148). This omnipresent, but hidden God is the source of every movement and active inclination: “God, who alone can act in us, is now hidden from our eyes; his operations are not perceptible, and although he produces and conserves every being, the mind that so ardently seeks the cause of every thing has difficulty recognizing it, although it encounters it at every moment” (De la Recherche de la vérité, XV Éclaircissement, p. 969). On the theological sources of Smith’s conception of the “invisible hand,” see J. Viner, The Role of Providence in Social Order (Philadelphia: Independence Square, 1972) ch. 3: “The invisible hand and the economic order.”

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  17. A. Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, p. 456: Nor is it always the worse for the society that it [the end, promotion of the publick interest] “was no part of it [the individual’s intention].”

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  18. Adam Ferguson, An Essay on the History of Civil Society, ed. Duncan Forbes (Edinburgh: Edinburgh University Press, 1966). Ferguson’s Essay was first published in Edinburgh in 1767. The French translation by M. Bergier, Essai sur l’histoire de la société civile, appeared in the Librairie Mme Yves Desaint in 1783, although the text was printed five years previously This translation, revised and corrected, was republished with an important introduction by C. Gautier (Paris: PUF, 1992).

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Michel Senellart François Ewald (General Editor)Alessandro Fontana (General Editor)

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© 2008 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Senellart, M., Ewald, F., Fontana, A. (2008). 28 March 1979. In: Senellart, M., Ewald, F., Fontana, A. (eds) The Birth of Biopolitics. Michel Foucault. Palgrave Macmillan, London. https://doi.org/10.1057/9780230594180_11

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