In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests --so long condemned as the deadly sin of avarice --was assigned the role of containing the unruly and destructive passions of man. Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism was originally supposed to accomplish exactly what was soon denounced as its worst feature: the repression of the passions in favor of the "harmless," if one-dimensional, interests of commercial life. To portray this lengthy ideological change as an endogenous process, Hirschman draws on the writings of a large number of thinkers, including Montesquieu, Sir James Steuart, and Adam Smith.

Today's antisemitism is difficult to recognize because it does not come dressed in a Nazi uniform and it does not openly proclaim its hatred or fear of Jews. This book looks at the kind of antisemitism which is tolerated or which goes unacknowledged in apparently democratic spaces: trade unions, churches, left-wing and liberal politics, social gatherings of the chattering classes and the seminars and journals of radical intellectuals. It analyses how criticism of Israel can mushroom into antisemitism and it looks at struggles over how antisemitism is defined. It focuses on ways in which those who raise the issue of antisemitism are often accused of doing so in bad faith in an attempt to silence or smear. Hostility to Israel has become a signifier of identity, connected to opposition to imperialism, neo-liberalism and global capitalism; the 'community of the good' takes on toxic ways of imagining most living Jewish people.

"Over the past two centuries or so, capitalism has undergone profound changes--economic cycles that veer from boom to bust--from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new. At the heart of this change is information technology, a revolution that is driven by capitalism but, with its tendency to push the value of much of what we make toward zero, has the potential to destroy an economy based on markets, wages, and private ownership. Almost unnoticed, in the niches and hollows of the market system, swaths of economic life are beginning to move to a different rhythm. Vast numbers of people are changing how they behave and live, in ways contrary to the current system of state-backed corporate capitalism. And as the terrain changes, new paths open. In this bold and prophetic book, Mason shows how, from the ashes of the crisis, we have the chance to create a more socially just and sustainable economy. Although the dangers ahead are profound, he argues that there is cause for hope. This is the first time in human history in which, equipped with an understanding of what is happening around us, we can predict and shape the future"--

Business, Political Science, American Studies, Philosophy

This popular illustrated history explores the dramatic highs and lows of Wall Street and its development through the 19th century.

Southern slaveholders proudly pronounced themselves orthodox Christians, who accepted responsibility for the welfare of the people who worked for them. They proclaimed that their slaves enjoyed a better and more secure life than any laboring class in the world. Now, did it not follow that the lives of laborers of all races across the world would be immeasurably improved by their enslavement? In the Old South but in no other slave society a doctrine emerged among leading clergymen, politicians, and intellectuals -- "Slavery in the Abstract," which declared enslavement the best possible condition for all labor regardless of race. They joined the Socialists, whom they studied, in believing that the free-labor system, wracked by worsening class warfare, was collapsing. A vital question: to what extent did the people of the several social classes of the South accept so extreme a doctrine? That question lies at the heart of this book.--Publisher.

What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications. Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on. The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter.

Through careful analysis of contemporary records in the engineering profession, the author shows how management invented itself and carved its own domain in the face of hostility and resistance from both manufacturers and workers. The book demonstrates how the new language and rhetoric of management emerged, and how it confronted and replaced the language of traditional capitalism: "system" instead of "individuals"; "jobs" instead of "natural rights"; "planning" instead of "free initiatives".

Offering insight and equal consideration into the societies of the "civilized" and "uncivilized" world, Europe and the People Without History deftly explores the historical trajectory of so-called modern globalization. In this foundational text about the development of the global political economy, Eric R. Wolf challenges the long-held anthropological notion that non-European cultures and peoples were isolated and static entities before the advent of European colonialism and imperialism. Ironically referred to as "the People Without History" by Wolf, these societies before active colonization possessed perpetually changing, reactionary cultures and were indeed just as intertwined into the processes of the pre-Columbian global economic system as their European counterparts. Utilizing Marxian concepts and a vivid consideration for the importance of history, Wolf judiciously traces the effects and conditions in Europe and the rest of the "known" world, beginning in 1400 AD, that allowed capitalism to emerge as the dominant ideology of the modern era.

Featuring an insightful look at lesbian, gay, bisexual, and transgender (LGBT) life in Cuba, this chronicle illuminates the progress the country has made from centuries of backward attitudes and oppression to the current state of enlightenment. From the mores of the Colonial period to the roles that Hollywood, the CIA, and Wall Street played in depicting Cuba as a "police state" for gays and in reinforcing the oppression, this overview provides a backdrop of the past and illustrates the persecution and exploitation originally planted by Spanish colonialism and further cultivated by U.S. capitalism. Details on the gradual transformation follow as the narrative examines the impact of the political and institutional initiatives taken by Fidel Castro and the Cuban leadership to overcome bigotry and prejudice against LGBT people--among them free health care and education, guaranteed jobs and housing, special health care for AIDS victims, and widespread sex education.

"First published in 1970, Patriarchal Attitudes has since become famous and is considered a classic feminist text. Writing with wit as well as scholarship, Eva Figes examines the factors which have helped place women in subservient roles in most societies, including the influence of Christianity, the rise of capitalism, Freudian psychoanalysis, and sexual taboos. She draws on a wide range of material to illuminate one of the central issues of our time."--Back cover.

"Jeremy Corbyn's rapid ascent to the leadership of the Labour Party, driven by a groundswell of popular support particularly among the young, was met at the time by a baffled media. Just where did Jeremy Corbyn come from? In Searching for Socialism, Leo Panitch and Colin Leys argue that it is only by understanding Corbyn's roots in the Bennite Labour New Left's long struggle to transcend the limits of 'parliamentary socialism' and democratise the party, as a precondition for democratising the state, can you understand his surge to become leader of the party. Closely analyzing the forces inside the party aligned against Corbyn's leadership, Panitch and Leys explain what happened between the validation of the Corbyn project in the 2017 election, while advancing an ambitious programme of democratic socialist measures unmatched anywhere since the 1970s, and the electoral defeat amidst the Brexit conjuncture of 2019. They argue that while this defeat marked the farthest point to which the generation formed in the 1970s was able to carry the Labour new left project, it seems unlikely that the new generation of activists will quickly see any other way forward than continuing the struggle inside the Labour Party, so as to fundamentally change it. In the face of the contradictions being generated by twenty-first-century capitalism, and the need for discovering and developing new political forms adequate to addressing them, this book is required reading for democratic socialists, not just in Britain but everywhere." --

The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren’t straightforwardly opposing forces. In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state, including its role as an “informal empire” promoting free trade and capital movements. Through a powerful historical survey, they show how the US has superintended the restructuring of other states in favor of competitive markets and coordinated the management of increasingly frequent financial crises. The Making of Global Capitalism , through its highly original analysis of the first great economic crisis of the twenty-first century, identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements transforming nation states and transcending global markets.

Perturbed by stagflation? In pain from recession? Sick with worry about whether the world economy can survive? You've gone to your corner economist and you couldn't understand the cure? Finally! An amusing, soundly researched, and highly accessible book that tells you everything you want to know about capitalism- the system its greatest theorists though could never survive.In this fair, concise, and good-humoured book, Robert Lekachman, Distinguished Professor of Economics at the City University of New York, assesses capitalism for what it's supposed to do deliver the goods. He starts by questioning the United States, where capitalism seems as natural as breathing and the free market is as much a byword as Mom's apple pie. But what are the realities? To understand them, he wittily documents capitalism's history from Adam Smith and Karl Marx to late last night; from mercantilism to monetarism, with explanations in between of investment and money, business cycles, the postwar boom, and the present recession.No sermons are preached. Readers must consider for themselves the dilemma that confronts us the future of capitalism and its effect on the world.

Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Fed's policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust. The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.--Amazon.com

Is Marxism really dead, or can it play a positive role in creating a just and fulfilling society? This study responds to these questions with a penetrating assessment of Marxism from its origins to the present day. Roger Gottlieb provides an incisive overview of the content, strengths and weaknesses of Marx's own work, and demonstrates how the socialist and communist movements between 1880 and 1935 betrayed the original vision of Marxism. He argues that theory was "reborn" in Western Marxism and socialist-feminism, and offers lucid accounts of their theories of social structure, oppression and revolution. The concluding chapters focus on important contemporary concerns: Marxist theories of present-day capitalism; current debates between Marxism and other radical perspectives, including postmodernism; and Marxism's confrontation with socially engaged spirituality. This study provides a thoughtful dialogue on the meaning of Marxism in the modern world.

Explores the transformation in attitudes of the Left toward the Jews, Zionism, and Israel from the beginning of European socialism in the 1840s until the present (in particular in Germany and Austria). Socialist thought from its very origins was tainted with anti-Jewish stereotypes, including identification of Jews with money and exploitation, contempt for Judaism, etc. Many Jewish socialists shared these views, or even (like Marx or Victor Adler) took part in shaping them. At the same time, modern antisemitism, both in its conservative and racist form, was evolving in Europe. The socialist parties, e.g. the German Social Democrats, had difficulties in formulating their attitudes toward antisemitism. Some socialists maintained that there was a "kernel of truth" in antisemitism; others believed that it was a by-product of the crisis of capitalism and would disappear under socialism. Anti-Zionism also has a long history on the Left, stemming from the Marxist opposition to nationalism. Focuses on the attitudes on Jews and antisemitism of socialists and communists (Jewish and non-Jewish) such as August Bebel, Franz Mehring, Bernard Lazare, Karl Kautsky, Rosa Luxemburg, Leon Trotsky, and Bruno Kreisky. The USSR turned to antisemitism after 1945; other communist parties followed suit. It was in the USSR that the myth of Zionist-Nazi collaboration was born; it was picked up by the Left worldwide. After 1955 the Left became increasingly anti-Zionist and anti-Israel. The peculiar, albeit paradoxical, development of antisemitism on the Left in recent years is related to the forging of an anti-Israel Marxist-Islamist alliance.

In this original and controversial book, historian and philosopher Reviel Netz explores the development of a controlling and pain-inducing technology--barbed wire. Surveying its development from 1874 to 1954, Netz describes its use to control cattle during the colonization of the American West and to control people in Nazi concentration camps and the Russian Gulag. Physical control over space was no longer symbolic after 1874. This is a history told from the perspective of its victims. With vivid examples of the interconnectedness of humans, animals, and the environment, this dramatic account of barbed wire presents modern history through the lens of motion being prevented. Drawing together the history of humans and animals, Netz delivers a compelling new perspective on the issues of colonialism, capitalism, warfare, globalization, violence, and suffering. Theoretically sophisticated but written with a broad readership in mind, Barbed Wire calls for nothing less than a reconsideration of modernity.