Shelley called poets, ‘the unacknowledged legislators of the world’. Here John Ramsden describes their now largely forgotten contribution to economics. From Defoe to Pound, poets looked at the economic orthodoxy of their day, saw much that was unacceptable, and tried to suggest alternatives. Some of their suggestions led onto perilous ground; but many of their criticisms have since been vindicated. Often witty and always opinionated, these 11 writers offer fresh perspectives on the economic theories that still rule our lives.

The poets included are Defoe, Swift, Coleridge, Scott, Shelley, de Quincey, Ruskin, Morris, Shaw, Belloc and Pound. Together they span a vast range of opinion and knowledge of the world. Some were closely involved with policy, some were radical, even revolutionary, others were reactionary: all of them contributed very personal and often illuminating insights into the dismal science.