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

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 to boot. during this example, although, the prior has not often been prologue to modern self belief within the loose industry. American Capitalism offers 13 thought-provoking essays that specify how quite a few contributors, many trendy intellectuals yet others partisans within the combative international of commercial and coverage, engaged with anxieties concerning the seismic financial adjustments in postwar the US and, within the method, reconfigured the early twentieth-century ideology that positioned critique of monetary energy and privilege at its center.

The essays give some thought to 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 battle "convergence" to the increase of the philanthropic correct. They research how the shift clear of political financial system at midcentury prepared the ground for the Sixties and the "culture wars" that undefined. participants interrogate what was once misplaced and received while intellectuals moved their concentration from political economic system to cultural feedback. the quantity thereby bargains a blueprint for a dramatic reevaluation of ways we should always take into consideration the trajectory of yankee highbrow background in twentieth-century United States.


"The highbrow heritage of capitalism eventually will get its due during this quantity of clean, arresting essays. This publication marks the willingness of a brand new iteration of students to open up matters infrequently addressed through the exertions and company historians who before were our top historians of capitalism."—David A. Hollinger, writer of Postethnic the USA: past Multiculturalism

"American Capitalism is a crucial contribution to our realizing of postwar American inspiration and tradition. it is going to strength historians to revise their pantheon of significant thinkers for the interval. This e-book 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 amazing and thought-provoking compilation of essays from political and nationwide figures on fresh and carrying on with American social and monetary issues."—MBR Bookwatch


ntroduction: Social thought and Capitalist fact 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 economic 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 background, and American Social notion 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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Extra resources for American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America)

Sample text

At present tlie structure of systerriatic knowledge ~vhichin tlie end ~villenable us to . of the matn-ial has not arrived. 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.

J4 T h e demise o f "isms" they supposed (another phrasing o f an "end o f ideologf"' Tras premised o n a notion that social change had indeed passed beyond t h e absolute rule o f private property and marlzet relations and issued i n a neJv era o f experimentation and r e f o r m i n social relations. Persisting through t h e 1950s, such notions blossomed i n t h e 1960s, ~ v h i c h i n many ~vaysmarked the culmination o f t h e postcapitalist vision i n time. " T h e core o f postindustrialism lay i n t h e notion that economic dynamics as traditionally understood-namely t h e primacy o f marlzet exchange and economic calculation i n terms o f efficient allocation-were giving way t o new principles o f organization as social development came to depend more o n "social T h e Postcapitalist Vision 41 goods," notably science and higher education.

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 .

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