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 progress, and democratic good fortune has develop into universal knowledge, not just between coverage makers yet for plenty of intellectuals to boot. during this example, although, the earlier has rarely been prologue to modern self belief within the unfastened marketplace. American Capitalism provides 13 thought-provoking essays that specify how various participants, many favourite intellectuals yet others partisans within the combative global of industrial and coverage, engaged with anxieties concerning the seismic monetary alterations in postwar the United States and, within the approach, reconfigured the early twentieth-century ideology that positioned critique of financial strength and privilege at its center.
The essays ponder a vast spectrum of figures—from C. L. R. James and John Kenneth Galbraith to Peter Drucker and Ayn Rand—and issues 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 lead the way for the Sixties and the "culture wars" that undefined. members interrogate what used to be misplaced and won while intellectuals moved their concentration from political economic system 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 background in twentieth-century United States.
"The highbrow heritage of capitalism eventually will get its due during this quantity of unpolluted, arresting essays. This ebook marks the willingness of a brand new iteration of students to open up matters hardly ever addressed by means of the hard work and company historians who previously were our prime historians of capitalism."—David A. Hollinger, writer of Postethnic the United States: past Multiculturalism
"American Capitalism is a crucial contribution to our figuring out of postwar American inspiration and tradition. it is going to strength historians to revise their pantheon of vital thinkers for the interval. This e-book reminds us how, within the postwar period, the triumph of a capitalist worldview remained open to severe wondering and alternatives."—George Cotkin, writer of Existential America
"An extraordinary and thought-provoking compilation of essays from political and nationwide figures on contemporary and carrying on with American social and financial issues."—MBR Bookwatch
ntroduction: Social idea 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 concept 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 speculation of country Capitalism
8 Oliver C. Cox and the Roots of global platforms Theory
—Christopher A. McAuley
9 Feminism, Women's historical past, and American Social idea 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 resources for American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America)
T~Vllilereformers generally construed t h e linlz between socioeconomics and culture i n this fashion, inter~rar, h e r i c a n a n t h r o p o l o g ~produced a more specific cultural critique o f competitive individualism that marlzed another step i n t h e descent o f t h e postcapitalist vision. T h e program o f studying t h e relation benveen culture and personality that Franz Boas initiated (and his favored students pursued) after t h e Jvar, had a mildly leftromantic tinge. Ed~vardSapir's essay "Culture, Genuine and Spurious," first published i n t h e iconoclastic postJvar journal The Dial, manifested it: contemporary industrial civilization was a "spurious culture," h e wrote, for it failed to provide individuals ~ v i t heither a sense o f community or t h e means to integrate their spiritual yearnings and material practices.
63 As Parsons's example suggests, hopes for social r e f o r m and t h e evanescence o f capitalism did n o t vanish after t h e Depression decade. "In his 1944 boolz, The G l ~ a Tt ~ . a ~ ~ s f o ~ . " O n e o f their leading members, Asthur Schlesinger, Jvrote i n 1949, "Britain has already submitted itself t o social democracy . . and the cnited States will very lilzely advance i n that direction through a series o f N e ~ vDeals,""\a view ,IDA liberals thought confirmed by t h e robust interventionist rhetoric o f Harry Truman's Fair Deal and his 1949 inaugural address.
Not exactly an advocate o f what subsequent critics called "corporate liberalism," Lippmann foresaw t h e direct transformation o f corporations into pillars o f a social economy. " Combine such easy nationalizations ~ v i t ha full range o f social security measures and it would b e possible to liberate "mankind . . " Croly went further, forecasting "the d a y . . ~ v h e ncitizens can forget the economic aspects o f lifen-a telling notion that posited a vision o f society beyond e c o n o m y Furthermore, Lippmann and Croly suggested that theirs Jvas a time ~ v h e nreality moved faster than thought, and i n pragmatic fashion claimed that the "elusive and changing" quality o f experience rendered all settled doctrines suspect: "there is a ~vealzness~ v h i c hclings to stiff and solid frames o f thought because t h e subtlety o f life is distressing," Lippmann ~ v r o t e .