By Nelson Lichtenstein
Nelson Lichtenstein (ed.)
At the sunrise of the twenty-first century, the legitimacy of yankee capitalism turns out unchallenged. The hyperlink among open markets, financial development, and democratic good fortune has turn into universal knowledge, not just between coverage makers yet for plenty of intellectuals in addition. during this example, despite the fact that, the previous has hardly ever been prologue to modern self assurance within the unfastened marketplace. American Capitalism provides 13 thought-provoking essays that designate how numerous members, many favourite intellectuals yet others partisans within the combative international of industrial and coverage, engaged with anxieties in regards to the seismic monetary alterations in postwar the USA and, within the procedure, reconfigured the early twentieth-century ideology that placed critique of monetary energy and privilege at its center.
The essays reflect on a vast 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 conflict "convergence" to the increase of the philanthropic correct. They research how the shift clear of political economic system at midcentury prepared the ground for the Nineteen Sixties and the "culture wars" that undefined. members interrogate what used to be misplaced and received while intellectuals moved their concentration from political economic climate to cultural feedback. the amount thereby bargains a blueprint for a dramatic reevaluation of ways we should always take into consideration the trajectory of yank highbrow heritage in twentieth-century United States.
"The highbrow background of capitalism eventually will get its due during this quantity of clean, arresting essays. This booklet marks the willingness of a brand new new release of students to open up concerns infrequently addressed by way of the exertions and enterprise historians who beforehand were our major historians of capitalism."—David A. Hollinger, writer of Postethnic the USA: past Multiculturalism
"American Capitalism is a vital contribution to our realizing of postwar American notion and tradition. it's going to strength historians to revise their pantheon of significant thinkers for the interval. This booklet 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 notable 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 thought and Capitalist fact 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 commercial 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 turbines and American Social Science
7 C. L. R. James and the idea of country Capitalism
8 Oliver C. Cox and the Roots of worldwide platforms Theory
—Christopher A. McAuley
9 Feminism, Women's heritage, 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 common electrical, 1950-1960
13 Godless Capitalism: Ayn Rand and the Conservative Movement
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Additional resources for American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America)
L~ese various \rays o f doubting t h e applicability o f "capitalism" i n contemporary social analysis Jvere complemented by those w h o continued to use t h e t e r m capitalism b u t nonetheless saw it as a pnssi~lgorder: Liberal economist Robert Heilbroner wrote The Littiits of rittle~icanCc~pitc~listtl (1966), arguing that its growth capacity had diminished and new socioeconomic forces had appeared o n the scene that pressed beyond its bounds. Earlier, Heilbroner's well-lzno~vnsurvey o f m o d e r n economic thought, The I/Tlo~lcl(yP/~ilosophets(1933), had ended ~ v i t ha chapter hopefully entitled "Beyond t h e Economic Revolution," suggesting an upcoming time w h e n marlzet calculation o f price-based efficiency as t h e lzey to allocating scarce social resources, would lose its grip o n m o d e r n life.
Order hmnan relationships is hardly l ~ r g u n>Iuc11 Thn-r is not even a good ground plan. By the sarnr token, YIP)? ). as n o t a fixed f o r m o f nature b u t rather a set o f conventions, norms, or institutions that might b e profoundly altered. "' 34 Ho~vardBrick For French sociologist hlarcel Mauss, in his 1925 work The Gift, ~Ialino~~vslzi's kula sho~vedthat exchange might b e conducted n o t o n t h e basis o f trading economic equivalents or seeking private gain b u t rather for purposes o f enriching social solidarity.
T h e rise o f sociology i n t h e American academy by t h e 1940s and 1930s, combined wit11 social psycholo% and cultural anthropolo% t o chart a broad field called "social relations" outside politics and economics, marked this shift i n m o d e r n consciousness. "' 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.
American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America) by Nelson Lichtenstein