Download American Capitalism: Social Thought and Political Economy in by Nelson Lichtenstein PDF

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, fiscal progress, and democratic luck has develop into universal knowledge, not just between coverage makers yet for lots of intellectuals besides. during this example, notwithstanding, the previous has not often been prologue to modern self belief within the loose industry. American Capitalism provides 13 thought-provoking essays that specify how various members, many in demand intellectuals yet others partisans within the combative international of commercial and coverage, engaged with anxieties concerning the seismic monetary adjustments in postwar the USA and, within the procedure, reconfigured the early twentieth-century ideology that positioned critique of financial strength and privilege at its center.

The essays contemplate a wide spectrum of figures—from C. L. R. James and John Kenneth Galbraith to Peter Drucker and Ayn Rand—and themes starting from theories of chilly warfare "convergence" to the increase of the philanthropic correct. They learn how the shift clear of political economic system at midcentury cleared the path for the Nineteen Sixties and the "culture wars" that undefined. participants interrogate what used to be misplaced and won whilst intellectuals moved their concentration from political financial system to cultural feedback. the quantity thereby deals a blueprint for a dramatic reevaluation of the way we must always take into consideration the trajectory of yankee highbrow historical past in twentieth-century United States.


"The highbrow heritage of capitalism eventually will get its due during this quantity of clean, arresting essays. This e-book marks the willingness of a brand new new release of students to open up matters infrequently addressed through the hard work and enterprise historians who before were our major historians of capitalism."—David A. Hollinger, writer of Postethnic the US: past Multiculturalism

"American Capitalism is a vital contribution to our knowing of postwar American idea 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 extraordinary 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

1 The Postcapitalist imaginative and prescient in Twentieth-Century American Social Thought
—Howard Brick
2 To Moscow and again: American Social Scientists and the idea that of Convergence
—David C. Engerman

3 Clark Kerr: From the commercial to the data Economy
—Paddy Riley
4 John Kenneth Galbraith: Liberalism and the Politics of Cultural Critique
—Kevin Mattson
5 The Prophet of Post-Fordism: Peter Drucker and the Legitimation of the Corporation
—Nils Gilman

6 C. Wright generators and American Social Science
—Daniel Geary
7 C. L. R. James and the idea of kingdom Capitalism
—Christopher Phelps
8 Oliver C. Cox and the Roots of global structures Theory
—Christopher A. McAuley
9 Feminism, Women's historical past, and American Social suggestion at Midcentury
—Daniel Horowitz

PART IV. the increase OF THE RIGHT
10 the line much less Traveled: Reconsidering the Political Writings of Friedrich von Hayek
—Juliet Williams
11 The Politics of wealthy and wealthy: Postwar Investigations of Foundations and the increase of the Philanthropic Right
—Alice O'Connor
12 American Counterrevolutionary: Lemuel Ricketts Boulware and basic electrical, 1950-1960
—Kimberly Phillips-Fein
13 Godless Capitalism: Ayn Rand and the Conservative Movement
—Jennifer Burns

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Additional resources for American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America)

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Yet a m o r e critical or pessimistic counterpoint 26 Ho~vardBrick , a new order o f politically regulated markets had emerged as ~ v e l limagining as an unheralded, b u t oppressive-even totalitarian-regime. " T h e "critical sociology" o f C . " T h e "power elite" o f government chiefs, t o p military m e n , and corporate executives that Mills assailed appeared i n his rendering t o b e untroubled by either class conflicts or business cycles. 25 Indeed, the American S e w L e f t o f young radical intellectuals might b e considered part o f the postcapitalist vision too.

Although it noJv seems counterintuitive to promote a noneconomic concept o f society i n a period so marlzed by economic b o o m (and vides spread propaganda for the productive pro~vesso f "private enterprise") i n the 193Os, Parsons responded t o the postwar age o f plenty wit11 an analysis that persisted i n displacing economics f r o m t h e center o f attention. Tl'riting wit11 Seil Smelser i n their 1936 book, E C O ~ O Iand I I J Societj, Parsons argued that t h e most significant lesson o f Keynesianism Jvas that t h e economy is n o t a selfsufficient mechanism (ahvays righting itself) but rather is deeply embedded i n social institutions.

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.

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