By Nelson Lichtenstein

ISBN-10: 0812219406

ISBN-13: 9780812219401

Nelson Lichtenstein (ed.)

At the sunrise of the twenty-first century, the legitimacy of yank capitalism turns out unchallenged. The hyperlink among open markets, financial development, and democratic good fortune has develop into universal knowledge, not just between coverage makers yet for lots of intellectuals in addition. during this example, even if, the previous has infrequently been prologue to modern self assurance within the loose industry. American Capitalism offers 13 thought-provoking essays that designate how quite a few members, many trendy intellectuals yet others partisans within the combative global of commercial and coverage, engaged with anxieties concerning the seismic fiscal alterations in postwar the US and, within the approach, reconfigured the early twentieth-century ideology that placed critique of monetary energy and privilege at its center.

The essays reflect on a large 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 study how the shift clear of political economic climate at midcentury cleared the path for the Nineteen Sixties and the "culture wars" that undefined. participants interrogate what used to be misplaced and won while intellectuals moved their concentration from political financial system to cultural feedback. the amount thereby bargains a blueprint for a dramatic reevaluation of ways we must always take into consideration the trajectory of yankee highbrow heritage in twentieth-century United States.


"The highbrow background of capitalism ultimately 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 matters hardly ever addressed via the exertions and enterprise historians who earlier were our top historians of capitalism."—David A. Hollinger, writer of Postethnic the USA: past Multiculturalism

"American Capitalism is a crucial contribution to our figuring out of postwar American proposal and tradition. it is going to strength historians to revise their pantheon of significant thinkers for the interval. This publication 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 notable 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 concept 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 information 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 turbines and American Social Science
—Daniel Geary
7 C. L. R. James and the speculation of kingdom Capitalism
—Christopher Phelps
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
—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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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 .

This set o f themes, motifs, and so forth included characteristic notions regarding t h e changing nature o f economic organization and o f property; so-called "silent revolutions" transforming t h e old order; t h e cultural malady o f competitive individualism and t h e expanding scope o f social solidarity that might checlz or reverse it; t h e decay o f old ruling classes; t h e emergence o f neJv forces o f productivity and new impulses t o economic dynamism; t h e perpetual reinvention o f modernity; a brealz with economistic standards o f public policy and o f conceiving social order; the declining imperatives o f scarcity; and t h e coming centrality o f social rights i n t h e definition o f citizenship.

46 T h e notion that corporations could be compelled to bear "responsibility" t o society clearly did n o t equal a socialist or communist program o f state o~vnership,b u t Berle and Means remarlzed that "the difference i n all o f these lies only i n degree," for "private property" had lost its grounding and ' this "collective" means o f organizing economic life were a ~ c e n d a n t . ~In sense, they believed they had brought attention-here echoing Lippmann's phrase-to o n e o f those "revolutions o f t h e more silent sort that .

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American Capitalism: Social Thought and Political Economy in the Twentieth Century (Politics and Culture in Modern America) by Nelson Lichtenstein

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