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Austria Supreme (if it so Wishes) (1684): 'A Strategy for European Economic Supremacy

Austria Supreme (if it so Wishes) (1684): 'A Strategy for European Economic Supremacy

Philipp Roessner | Keith Tribe | Philipp von Hörnigk

(2018)

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Abstract

Austria Supreme (if it so wishes) (1684) provides a translation of and a scholarly introduction to the Austrian-German Mercantilist classic Oesterreich über Alles Wann es Nur Will (1684) by Philipp Wilhelm von Hörnigk. Published a few months after the unsuccessful 1683 siege of Vienna by the Turks, a turning point in European history, the book stayed in print for more than 100 years. This was the most widely read German language economic textbook of the period, containing, in a nutshell, the essential ingredients of economic strategy that would make Austria and Europe grow rich and eventually overtake the rest of the world as the first world region that experienced an industrial revolution. In Oesterreich über Alles Wann es Nur Will Hörnigk updates and redefines the Mercantilist political economy – a strategy for achieving national wealth and political strength simultaneously by building up a competitive domestic manufacturing industry with the help of the state. Austria Supreme (if it so wishes) (1684) is the first-ever English translation of a work whose importance for European economic development and the ‘European Miracle’ cannot be overestimated.


Between its first date of publication in 1684 and 1784 classic ‘Oesterreich über Alles Wann es Nur Will’ went through more than twenty known editions which makes it, arguably, Europe’s most successful ‘economics textbook’ prior to Adam Smith’s ‘Inquiry into the Nature and Causes of the Wealth of Nations’ (1776). Philipp Wilhelm von Hörnigk laid in this book the foundations of what has become known as the ‘mercantilist’ political economy – a strategy for achieving national wealth and political strength simultaneously by building up a competitive domestic manufacturing industry with the help of the state. Hörnigk advocated standard recipes known from modern development economics, such as import substitution, protective tariffs on select goods as well as bounties and other financial as also logistic support by a proactive interventionist state in order to safeguard and nurture domestic industries that were in a state of infancy but which would be promising candidates for future growth and economies of scale. As new work by Erik Reinert and Lars Magnusson has shown, contrary to a sort of mainstream view in modern economics and economic history, it was such policies that tended to make European countries rich in the pre-industrial age, also laying the basic foundations for subsequent industrialization – even the ‘Great Divergence’ between Europe and Asia post 1800. Most European states were interventionist during the nineteenth century. They obviously drew upon a menu of recipes and political economy schedules that had circulated widely in seventeenth- and eighteenth-century Europe and which would subsequently also influence the major works by Friedrich List, Daniel Raymond and other nineteenth-century development theorists.

Based on Hörnigk’s popularity and the publication pattern for the book, the ‘Hörnigk’ strategy stood at the core of many a treatise and book written on economic matters in seventeenth- and eighteenth-century Europe; in fact Hörnigk may be called the forefather of modern development economics. He certainly was a towering figure in the ‘Germanic’ economic discourses of the early modern period. ‘Austria Supreme, if It So Wishes (1684)’ will be the first-ever English translation of a work the importance of which for European economic development and the ‘European Miracle’ cannot be overestimated.


Philipp Robinson Rössner is a senior lecturer (associate professor) in early modern history at the University of Manchester, UK. Trained as an economic historian at the University of Göttingen, Germany, where he did his MA in 2003, he moved to the University of Edinburgh, UK, where he did his PhD. Between 2007 and 2012 Rössner worked as a lecturer in social and economic history at the University of Leipzig, Germany, where he obtained a senior doctorate in social and economic history.


Table of Contents

Section Title Page Action Price
Cover Cover 1
Front Matter i
Half-title i
Series information iii
Frontispice iv
Title page v
Copyright information vi
Epigraph vii
Table of contents ix
Acknowledgements xi
Chapter One-Five 1
Chapter One Philipp Wilhelm von Hörnigk – His Life, Times and Place in History 1
Who Was Hörnigk? 8
Chapter Two An Age of Reason? Enlightenment and Economics 19
Economics Enlightened 19
Manufacturing Matters, Useful Knowledge and the Deception of Free Markets 22
The Origin of Modern Economics 24
Chapter Three Cameralism – Baroque-o-Nomics 29
Cameralist Economic Theory 29
Configuring the Free Market: Homo imperfectabilis 41
Development into Underdevelopment or the Shadow of the Great War 49
Cameralism and Its Place in Modern Economics 57
Chapter Four Extremis Morbis Extrema Remedia – Analytical Summary OF HöRnigk’s Oesterreich Über 69
Hörnigk’s Theoretical Achievement 69
‘Oesterreich über alles’, Wann es Nur Will 74
Chapter Five How Europe Got Rich – the Austrian Example 93
State Intervention and Economic Growth in Pre-industrial Europe 93
Austrian Economic Development, 1650–1850 96
Policy Development, 1650–1850 108
Did the ‘Hörnigk Strategy’ Make Austria Rich? 116
End Matter 215
Appendix The known publication record of Hörnigk’s book Kenneth Carpenter, formerly... 121
Austria Supreme (if it so Wishes) 143
Index of Sections 144
I. Intention of the author and justification of the title 145
II. Occasion for this work: Germany can have no better example in the improvement of domestic... 145
III. Given the current wartime unrest, is it timely to address the oeconomy of the country? 146
IV. What has stood in the way of previous advocates regarding matters of the country’s oeconomy,... 148
V. Concerning the kind of merchants from this place who will be discussed here 149
VI. The kind of obstacles advocates have encountered from the Court 150
VII. Whether descendants ought to do more than their forefathers in matters of industry 151
VIII. That which is to be considered as belonging to the nation’s or country’s oeconomy (Landes=Oekonomie) in general 153
IX. Nine leading economic principles 155
X. The natural advantages of the hereditary Imperial lands and the goods cast up for the purpose of human subsistence 157
XI. Needed and missing goods in the hereditary Imperial lands 159
XII. A balance of missing goods in the hereditary Imperial lands 160
XIII. Conclusion to be drawn from this balance 162
XIV. False objections concerning why the Imperial lands have a natural abundance, yet lack money 162
XV. Whether the Germans do not actually possess sufficient natural intellect and skill for the... 163
XVI. What should be the first rule of a well- ordered oeconomy in the hereditary lands? 165
XVII. Concerning the observance of the second and third oeconomic rules in the hereditary Imperial lands 169
XVIII. What is considered in the remaining six oeconomic rules 171
XIX. Whether it is advisable to expose the oeconomy of the hereditary lands so openly 174
XX. From whom we might expect the reform of improper oeconomy 175
XXI. How the reformation of the nation’s oeconomy might be effected in a manner not anticipated 176
XXII. That the practice of the fifth rule is to be undertaken by the prohibition of the four chief foreign... 177
XXIII. Why other and milder means should not be undertaken instead of the complete prohibition of foreign manufactures 179
XXIV. The objection to the prohibition of foreign goods is dealt with 182
XXV. The establishment of cloth and woollen manufactures in the hereditary lands is not as difficult as one might... 193
XXVI. Regarding the requisite amounts needed of yarn and silk 195
XXVII. How to improve the goods of domestic manufactures so that they yield nothing to foreign goods 197
XXVIII. Concerning the regulation of guilds; the good treatment of foreign skilled... 198
XXIX. On encouraging the import of French goods 202
XXX. Where in the hereditary Imperial lands should each manufacture be located 202
XXXI. An account of what will follow from the prohibition of foreign goods and the improvement of the four... 204
XXXII. Establishment of Imperial offices of commerce 209
XXXIII. The hereditary Imperial lands will exceed in independence all other state in Europe, if they so will. Conclusion 210
Index 215