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 to boot. during this example, notwithstanding, the previous has hardly ever been prologue to modern self assurance within the unfastened marketplace. American Capitalism offers 13 thought-provoking essays that designate how a number of participants, many favorite intellectuals yet others partisans within the combative global of commercial and coverage, engaged with anxieties in regards to the seismic fiscal adjustments in postwar the United States and, within the method, reconfigured the early twentieth-century ideology that placed critique of financial energy and privilege at its center.
The essays reflect on 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 learn how the shift clear of political economic system at midcentury lead the way for the Sixties and the "culture wars" that undefined. individuals interrogate what was once misplaced and received whilst intellectuals moved their concentration from political financial system to cultural feedback. the amount thereby bargains a blueprint for a dramatic reevaluation of the way we must always take into consideration the trajectory of yank highbrow heritage in twentieth-century United States.
"The highbrow heritage of capitalism eventually will get its due during this quantity of unpolluted, arresting essays. This e-book marks the willingness of a brand new iteration of students to open up matters hardly addressed via the exertions and company historians who earlier were our prime historians of capitalism."—David A. Hollinger, writer of Postethnic the US: past Multiculturalism
"American Capitalism is a crucial contribution to our figuring out of postwar American inspiration and tradition. it's going to strength historians to revise their pantheon of significant thinkers for the interval. This ebook 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 remarkable and thought-provoking compilation of essays from political and nationwide figures on fresh and carrying on with American social and fiscal issues."—MBR Bookwatch
ntroduction: Social idea 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 concept that of Convergence
—David C. Engerman
PART II. LIBERALISM AND ITS SOCIAL AGENDA
3 Clark Kerr: From the economic to the data 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 nation Capitalism
8 Oliver C. Cox and the Roots of worldwide structures Theory
—Christopher A. McAuley
9 Feminism, Women's historical past, 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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Additional info for American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America)
American and trans-Atlantic thought i n the 1960s typically focused o n science and technolog: as a neJ\; institutionalized basis o f social and economic dynamism. T w o principles Jvere implied here: first, that science and technolog: Jvere profoundly social-or socialized-resomces, n o t reducible to t h e terms o f commodity exchange and requiring some degree o f collective decision-malzing or "planning" t o guide their development and 42 Ho~vardBrick application; second, that contemporary society had entered a period marlzed by t h e primacy o f change as such, a lzind o f perpetual reinvention o f social structure and social norms.
Daniel Bell, ~ v h ostill insists that postindustrial society did not m e a n "postcapitalist" society, nonetheless claimed that t h e university as a public resource ~ v o u l dreplace t h e corporation as t h e central institution o f postindustrial societyi" T h i s order Tras to b e government-centered, future-oriented, and dependent o n planning the cultivation o f knowledge and expertise i n terms o f social needs rather than old economic norms o f efficiency. Such visions found many exponents.
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~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.