By Nelson Lichtenstein
Nelson Lichtenstein (ed.)
At the sunrise of the twenty-first century, the legitimacy of yank capitalism turns out unchallenged. The hyperlink among open markets, fiscal development, and democratic good fortune has turn into universal knowledge, not just between coverage makers yet for lots of intellectuals in addition. during this example, even if, the previous has not often been prologue to modern self assurance within the loose industry. American Capitalism provides 13 thought-provoking essays that specify how a number of participants, many admired intellectuals yet others partisans within the combative global of industrial and coverage, engaged with anxieties in regards to the seismic fiscal adjustments in postwar the United States and, within the strategy, reconfigured the early twentieth-century ideology that placed critique of financial strength and privilege at its center.
The essays think of a wide spectrum of figures—from C. L. R. James and John Kenneth Galbraith to Peter Drucker and Ayn Rand—and subject matters starting from theories of chilly battle "convergence" to the increase of the philanthropic correct. They research how the shift clear of political economic system at midcentury cleared the path for the Sixties and the "culture wars" that undefined. participants interrogate what used to be misplaced and won whilst intellectuals moved their concentration from political economic system to cultural feedback. the quantity thereby deals a blueprint for a dramatic reevaluation of ways we must always take into consideration the trajectory of yank highbrow historical past in twentieth-century United States.
"The highbrow background of capitalism eventually will get its due during this quantity of unpolluted, arresting essays. This ebook marks the willingness of a brand new new release of students to open up matters hardly ever addressed through the hard work and enterprise historians who earlier were our prime historians of capitalism."—David A. Hollinger, writer of Postethnic the USA: past Multiculturalism
"American Capitalism is a crucial contribution to our knowing of postwar American proposal and tradition. it is going to strength historians to revise their pantheon of significant thinkers for the interval. This publication reminds us how, within the postwar period, the triumph of a capitalist worldview remained open to critical wondering and alternatives."—George Cotkin, writer of Existential America
"An awesome and thought-provoking compilation of essays from political and nationwide figures on fresh and carrying on with American social and financial issues."—MBR Bookwatch
ntroduction: Social conception and Capitalist truth within the American Century
PART I. THEORIZING TWENTIETH-CENTURY AMERICAN CAPITALISM
1 The Postcapitalist imaginative and prescient in Twentieth-Century American Social Thought
2 To Moscow and again: American Social Scientists and the idea that of Convergence
—David C. Engerman
PART II. LIBERALISM AND ITS SOCIAL AGENDA
3 Clark Kerr: From the economic to the information Economy
4 John Kenneth Galbraith: Liberalism and the Politics of Cultural Critique
5 The Prophet of Post-Fordism: Peter Drucker and the Legitimation of the Corporation
PART III. A CRITIQUE FROM THE LEFT
6 C. Wright generators and American Social Science
7 C. L. R. James and the speculation of country Capitalism
8 Oliver C. Cox and the Roots of worldwide platforms Theory
—Christopher A. McAuley
9 Feminism, Women's background, and American Social proposal at Midcentury
PART IV. the increase OF THE RIGHT
10 the line much less Traveled: Reconsidering the Political Writings of Friedrich von Hayek
11 The Politics of wealthy and wealthy: Postwar Investigations of Foundations and the increase of the Philanthropic Right
12 American Counterrevolutionary: Lemuel Ricketts Boulware and normal electrical, 1950-1960
13 Godless Capitalism: Ayn Rand and the Conservative Movement
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Extra info for American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America)
Yet by the mid-nventieth c e n t u r y the neJv academic field constituted by an autonomous "social realm" helped 0% 30 Ho~vardBrick malie it easier for theorists and reformers to imagine a postcapitalist future, and the idea o f a society that gradually moved "beyond economics" became virtually a constant o f t h e postcapitalist vision. T h e confidence that economics had lost m u c h o f its determinant force Jvas n o t yet a feature o f reformist thought i n t h e 1910s and 1920s. T h e centrality o f rapid industrialization and labor strife f r o m the 1870s t o t h e 1920s ( k n o w n t h e n as "the socinl question") sustained t h e robust conceptual linlz benveen economy and society, malzing it imperative t o understand t h e structure and processes o f capitalism.
Reasons for doubting t h e relevance o f "capitalism" t o the contemporary social order varied. l"n any case, i f it were agreed that capitalism defined an e c o ~ ~ o ~system, ~ r i c did it malze sense to n a m e a ~ v h o l esociety "capitalist," disregarding t h e relative ~ v e i g h ot f different elements-besides t h e economic sphere, the political, cultural, familial, and psychological aspects-that make u p a complex social order? Observers wondered, that is, ~ v h e t h e rt h e competitive, profit-driven, marlzet mechanisms o f capitalism any longer dominated social life as they once had, thus questioning the centrnli[y o f capitalism i n contemporary society Others questioned the disti~lcti-r~eness o f capitalism.
T h e flipside o f dispersed stoclz ownership, they stated, Jvas t h e concentration o f "control" i n t h e hands o f a small elite, an "economic autocracy" or "corporate oligarchy" (these phrases derived directly f r o m the ~var-eradiscussion o f "industrial democracy" and its dreaded opposite, concentrated economic p o ~ v e r )~, v h i c hacted unchecked i n a legal no-man's land. '2nd according to Berle and Means, that oligarchy could 11otclaim, as traditional doctrine had it, that property o~vnership,rislz o f one's own resources, and responsibility for managing t h e ~vorks-talzen together-entitled t h e m to enjoy t h e winnings o f enterprise.
American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America) by Nelson Lichtenstein