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How and why do economies and societies develop? How can America maintain competitiveness in the global marketplace? What should be the balance between economic and political goals in the conduct of foreign policy? Questions concerning relations between politics and economics are not new. Stepping back from current controversies, McNamara shows how the debates between Smith and Hamilton on the foundation of the commercial republic point to an important juncture in the history of political thought. While remaining scrupulously fair to Smith's sophisticated account of politics and economics, McNamara brings out its limitations through a comparison with the stateman Hamilton's words and deeds. He stresses that Hamilton's reservations about Smithian political economy illustrate critical practical questions regarding the nature of capitalist economic development and call into question the relationship between political theory and political practice as it was conceived by Smith. Political Economy and Statesmanship has a number of practical implications for contemporary debate. The author points toward a kind of constitutional economics distinct from that of the public choice school. McNamara suggests the need to revive the idea of an "American System" that matches economic policy with the political culture of the nation. Finally, the author affirms the idea that the United States, as the first "new nation," can serve as a model for developing nations.
Inderjeet Parmar reveals the complex interrelations, shared mindsets, and collaborative efforts of influential public and private organizations in the building of American hegemony. Focusing on the involvement of the Ford, Rockefeller, and Carnegie foundations in U.S. foreign affairs, Parmar traces the transformation of America from an "isolationist" nation into the world's only superpower, all in the name of benevolent stewardship. Parmar begins in the 1920s with the establishment of these foundations and their system of top-down, elitist, scientific giving, which focused more on managing social, political, and economic change than on solving modern society's structural problems. Consulting rare documents and other archival materials, he recounts how the American intellectuals, academics, and policy makers affiliated with these organizations institutionalized such elitism, which then bled into the machinery of U.S. foreign policy and became regarded as the essence of modernity. America hoped to replace Britain in the role of global hegemon and created the necessary political, ideological, military, and institutional capacity to do so, yet far from being objective, the Ford, Rockefeller, and Carnegie foundations often advanced U.S. interests at the expense of other nations. Incorporating case studies of American philanthropy in Nigeria, Chile, and Indonesia, Parmar boldly exposes the knowledge networks underwriting American dominance in the twentieth century.
Crossing the disciplinary borders between political, religious, and economic history, Aaron Kitch's innovative new study demonstrates how sixteenth-century treatises and debates about trade influenced early modern English literature by shaping key formal and aesthetic concerns of authors between 1580 and 1630. The author's analysis concentrates on a commonly overlooked period of economic history-the English commercial revolution before 1620-and, utilizing an impressive combination of archival research, close reading, and attention to historical detail, traces the transformation of genre in both neglected and canonical texts. The topics here are wide-ranging but are presented with a commitment to providing a concrete understanding of the religious, political, and historic context in literary thought. Kitch begins with the emerging wool trade and explosion of economic writing, Spenser's glorification of commerce and the Protestant state as presented in The Faerie Queene, and writers such as Thomas Nashe who drew on the same economic principles to challenge Spenser. Other topics include the reaction to the herring trade in prose satire and pamphlets, the presentation of Jewish trading nations in Shakespeare and Marlowe, and the tension between the crown and London merchants as reflected in Middleton's city comedies and Jonson's and Munday's pageants and court masques.
At a recent meeting of the World Economic Forum in Davos, it was reported that a ghost was haunting the deliberations of the assembled global elite - that of the renowned social scientist and economic historian, Karl Polanyi. In his classic work, The Great Transformation, Polanyi documented the impact of the rise of market society on western civilization and captured better than anyone else the destructive effects of the economic, political and social crisis of the 1930s. Today, in the throes of another Great Recession, Polanyi’s work has gained a new significance. To understand the profound challenges faced by our democracies today, we need to revisit history and revisit his work. In this new collection of unpublished texts - lectures, draft essays and reports written between 1919 and 1958 - Polanyi examines the collapse of the liberal economic order and the demise of democracies in the inter-war years. He takes up again the fundamental question that preoccupied him throughout his work - the place of the economy in society - and aims to show how we might return to an economy anchored in society and its cultural, religious and political institutions. For anyone concerned about the danger to democracy and social life posed by the unleashing of capital from regulatory control and the dominance of the neoliberal ideologies of market fundamentalism, this important new volume by one of the great thinkers of the twentieth century is a must-read.
In the twentieth century, great leaders played vital roles in making the world a fairer and more peaceful place. How did they do it? What lessons can be drawn for the twenty-first-century global agenda? Those questions are at the heart of The Peacemakers, a kind of global edition of John F. Kennedy’s Profiles in Courage. Writing at a time when peace seems elusive and conflict endemic, when tensions are running high among the major powers, when history has come roaring back, when democracy and human rights are yet again under siege, when climate change is moving from future to present tense, and when transformational statesmanship is so needed, Bruce W. Jentleson shows how twentieth-century leaders of a variety of types—national, international institutional, sociopolitical, nongovernmental—rewrote the zero-sum scripts they were handed and successfully made breakthroughs on issues long thought intractable. The stories are fascinating: Henry Kissinger, Zhou Enlai, and the U.S.-China opening; Mikhail Gorbachev and the end of the Cold War; Dag Hammarskjöld’s exceptional effectiveness as United Nations secretary-general; Nelson Mandela and South African reconciliation; Yitzhak Rabin seeking Arab-Israeli peace; Mahatma Gandhi as exemplar of anticolonialism and an apostle of nonviolence; Lech Walesa and ending Soviet bloc communism; Gro Harlem Brundtland and fostering global sustainability; and a number of others. While also taking into account other actors and factors, Jentleson tells us who each leader was as an individual, why they made the choices they did, how they pursued their goals, and what they were (and weren’t) able to achieve. And not just fascinating, but also instructive. Jentleson draws out lessons across the twenty-first-century global agenda, making clear how difficult peacemaking is, while powerfully demonstrating that it has been possible—and urgently stressing how necessary it is today. An ambitious book for ambitious people, The Peacemakers seeks to contribute to motivating and shaping the breakthroughs on which our future so greatly depends.
"Examines Alexander Hamilton's political economy in relation to Aristotle's classical views of economics, as presented in his Politics, and finds shared support of commerce in pursuit of a regime's or democracy's wider goals"--Provided by publisher.
Thinking Politically brings together a series of remarkable interviews with Raymond Aron that form a political history of our time. Ranging over an entire lifetime, from his youthful experience with the rise of Nazi totalitarianism in Berlin to the denouement of the cold war, Aron meditates on the threats to liberty and reason in the bloody twentieth century. In addition to the interviews published in the original edition, Thinking Politically incorporates three interviews never before published in book form. This supplemental material clarifies Aron's role as a voice of prudential reason in an unreasonable age and allows unparalleled access to the principal influences on Aron's thought. The volume concludes with "Democratic States and Totalitarian States," an address by Aron to the French Philosophical Society as well as the accompanying debate with Jacques Maritain, Victor Basch, and other intellectuals.