Carl Wennerlind

Associate Professor of History

Carl Wennerlind, Associate Professor of History.

Professor Wennerlind specializes in seventeenth- and eighteenth-century Europe, with a focus on intellectual history and political economy. He is particularly interested in the historical development of money and credit, as well as attempts to theorize these phenomena. He recently published Casualties of Credit: The English Financial Revolution, 1620-1720 (Harvard University Press, 2011) and is currently at work on a monograph exploring the changing conceptual nature of scarcity from early modern Aristotelian-influenced thinking to modern neo-classical economics, tentatively titled A History of Scarcity: Humanity, Nature, and the World of Goods. In addition to his co-edited volumes David Hume’s Political Economy (with Margaret Schabas) and Mercantilism Reimagined: Political Economy in Early Modern Britain and its Empire (with Phil Stern), Wennerlind’s work has appeared in journals such as the Journal of Political Economy, Journal of Economic Perspectives, History of Political Economy, and Hume Studies.

His research has been supported by the NEH, American Philosophical Society, ACLS, Institute for New Economic Thinking, Wenner-Gren Foundation, Magn. Bergvalls Stiftelse, Helge Ax:son Johnsons Stiftelse, Sven och Dagmar Salens Stiftelse, and Jan Wallanders och Tom Hedelius Stiftelse.

He has taught such courses as "Introduction to European History: Renaissance to the French Revolution"; "Filthy Lucre: A History of Money"; "Capitalism and the Enlightenment"; "Merchants, Pirates, and Slaves in the Formation of Atlantic Capitalism: 1600-1800"; "Commercial Practices, Commercial Imaginations in Europe, 1300-1750" (graduate seminar); and "History of Political Economy" (graduate seminar).

Academic Focus: 

European history

Economic history

History of political economy

Awards & Honors: 
Professional Affiliations: 
Presentations / Recent Lectures: 


Casualties of Credit: The English Financial Revolution, 1620-1720 (Harvard University Press, 2011) 

A History of Scarcity: Humanity, Nature, and the World of Goods (Harvard University Press, under contract)

Mercantilism Reimagined: Political Economy in Early Modern Britain and its Empire. Co-edited with Philip Stern (Oxford University Press, 2014)

David Hume's Political Economy. Co-edited with Margaret Schabas (Routledge, 2008)

Refereed Articles:

"The Role of Political Economy in Hume's Moral Philosophy." Hume Studies. April 2011. Vol. 37. No. 1: 43-64

      Winner of Association for Social Economics' Warren Samuels Prize (2012)

“Hume on Money, Trade, and the Science of Economics.” Journal of Economic Perspectives. Co-authored with M. Schabas. Summer 2011. Vol. 25. No. 3: 1-14.

“David Hume’s Monetary Theory Revisited: Was He Really a Quantity Theorist and an Inflationist?” Journal of Political Economy. February 2005. Vol. 113. No. 1:  223-37.

      Winner of the History of Economics Society's Best Article Prize (2006). 

      Winner of the European Society for the History of Economic Thought's  
      History of Economic Analysis Award for Best Article (2006). 

“The Death Penalty as Monetary Policy: The Practice and Punishment of Monetary Crime, 1690-1830.”History of Political Economy. March 2004. Vol. 36. No. 1: 129-59.

"Credit-Money as the Philosopher’s Stone: Alchemy and the Coinage Problem in Seventeenth-Century England.” History of Political Economy. 2003. Supplement to Vol. 35: 235-62.

       Revised version translated (French) and reprinted in Les Pensées 
       Monétaires dans l'histoire, de  1517 à 1776 

“David Hume’s Political Philosophy: A Theory of Commercial Modernization.” Hume Studies. November2002. Vol. 28. No. 2: 247-70.

       Reprinted in David Hume (Ashgate, 2013). Ed. by Haakonssen and Whatmore.

“The Labor Theory of Value and the Strategic Role of Alienation.” Capital and Class. Summer 2002. No. 77: 1-21.

“Money Talks, but What is it Saying? The Semiotics of Money and Social Control.” Journal of Economic Issues. September. 2001. Vol. 35. No. 3: 557-74.

       Translated (Bulgarian) and reprinted in Money and Culture. 2008. No. 1: 76-93. 

       Translated (Russian) and reprinted in Voprosy Economiki. Forthcoming. 

“The Link between David Hume’s A Treatise of Human Nature and his Fiduciary Theory of Money.” History of Political Economy. March 2001. Vol. 33. No. 1: 139-60.

"The Humean Paternity to Adam Smith's Theory of Money." History of Economic Ideas. Spring 2000. Vol. 8. No. 1: 77-97. 

Articles in Books:

"Money: Hartlibian Political Economy and the New Culture of Credit" in Mercantilism Reimagined: Political Economy in Early Modern Britain and its Empire (New York: Oxford University Press, 2014). Edited by Stern and Wennerlind

“An Artificial Virtue and the Oil of Commerce: A Synthetic view of Hume's Theory of Money” in David Hume's Political Economy (London: Routledge Press, 2008). Edited by Wennerlind and Schabas. 

David Hume as a Political Economist” in A History of Scottish Economic Thought (London: Routledge Press, 2006). Edited by A. Dow and S. Dow. 

       Reprinted in Storia del Pensiero Economico. 2007. Vol. 32. No. 2: 5-28.


(212) 854-2055

Office Hours: 

B.A., University of South Florida

Ph.D., University of Texas at Austin

Related Web Sites: 

In the News

Economic historian draws parallels between the economic climates of the past and today.

A Barnard professor’s new book explores credit’s past, shedding light on the problems it causes in the present.

Read Prof. Wennerlind's essays published by The Montreal Review of Books and Bloomberg.