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What does it mean to be an American? What are American ideas and values? American Enterprise, the companion book to a major exhibition at the Smithsonian’s National Museum of American History, aims to answer these questions about the American experience through an exploration of its economic and commercial history. It argues that by looking at the intersection of capitalism and democracy, we can see where we as a nation have come from and where we might be going in the future. Richly illustrated with images of objects from the museum’s collections, American Enterprise includes a 1794 dollar coin, Alexander Graham Bell’s 1876 telephone, a brass cash register from Marshall Fields, Sam Walton’s cap, and many other goods and services that have shaped American culture. Historical and contemporary advertisements are also featured, emphasizing the evolution of the relationship between producers and consumers over time. Interspersed in the historical narrative are essays from today’s industry leaders—including Sheila Bair, Adam Davidson, Bill Ford, Sally Greenberg, Fisk Johnson, Hank Paulson, Richard Trumka, and Pat Woertz—that pose provocative questions about the state of contemporary American business and society. American Enterprise is a multi-faceted survey of the nation’s business heritage and corresponding social effects that is fundamental to an understanding of the lives of the American people, the history of the United States, and the nation’s role in global affairs.
Argues that the Obama administration has used the economic crises to move away from free enterprise and offers a way back via sound public policy.
A large-scale biography of a major figure in American enterprise, the man who built General Electric and founded the Radio Corporation of America. Owen D. Young belonged to a unique American generation: the last to know a country where the majority made their living from the land and the first to feel the full impact of modernization. Born on an upstate New York farm, educated at St. Lawrence, a small college nearby, and armed with a Boston University law degree, Young made a large difference in that transforming change. His early career was with the new and sprawling utilities, and brought him to the attention of the General Electric Company. Joining it in 1913 as vice president and general counsel, and becoming chairman in 1922, with Gerard Swope as president, he soon transformed, with Swope's impressive aid, a large national enterprise into a dominant international one. They were a singularly effective team, enterprising at home and abroad, and notably progressive in labor relations. Always the entrepreneur, Young saw the possibilities of the 'wireless' and so set up the Radio Corporation of America. This is a life of a titan of business, built on the classical pattern of American success.
Six articles contribute to the attention on the U.S. Postal Service in response to advances in telecommunications and communications and new thinking about regulated industries.
With a focus on a diverse group of Latino entrepreneurs in the Houston area, Valdez explores how class, gender, race, and ethnicity shape Latino entrepreneurs' capacity to succeed in business in the United States.
Populists on both sides of the political aisle routinely announce that the American Dream is dead. According to them, the game has been rigged by elites, workers can’t get ahead, wages have been stagnant for decades, and the middle class is dying. Michael R. Strain, director of economic policy studies at the American Enterprise Institute, disputes this rhetoric as wrong and dangerous. In this succinctly argued volume, he shows that, on measures of economic opportunity and quality of life, there has never been a better time to be alive in America. He backs his argument with overwhelming—and underreported—data to show how the facts favor realistic optimism. He warns, however, that the false prophets of populism pose a serious danger to our current and future prosperity. Their policies would leave workers worse off. And their erroneous claim that the American Dream is dead could discourage people from taking advantage of real opportunities to better their lives. If enough people start to believe the Dream is dead, they could, in effect, kill it. To prevent this self-fulfilling prophecy, Strain’s book is urgent reading for anyone feeling the pull of the populists. E. J. Dionne and Henry Olsen provide spirited responses to Strain’s argument.
An incisive look at the intellectual and cultural history of free enterprise and its influence on American politics Throughout the twentieth century, "free enterprise" has been a contested keyword in American politics, and the cornerstone of a conservative philosophy that seeks to limit government involvement into economic matters. Lawrence B. Glickman shows how the idea first gained traction in American discourse and was championed by opponents of the New Deal. Those politicians, believing free enterprise to be a fundamental American value, held it up as an antidote to a liberalism that they maintained would lead toward totalitarian statism. Tracing the use of the concept of free enterprise, Glickman shows how it has both constrained and transformed political dialogue. He presents a fascinating look into the complex history, and marketing, of an idea that forms the linchpin of the contemporary opposition to government regulation, taxation, and programs such as Medicare.
An intellectual biography of James Madison, arguing that he invented American politics as we know it How do you solve a problem like James Madison? The fourth president is one of the most confounding figures in early American history; his political trajectory seems almost intentionally inconsistent. He was both for and against a strong federal government. He wrote about the dangers of political parties in the Federalist Papers and then helped to found the Republican Party just a few years later. This so-called Madison problem has occupied scholars for ages. As Jay Cost shows in this incisive new biography, the underlying logic of Madison’s seemingly mixed record comes into focus only when we understand him primarily as a working politician. Whereas other founders split their time between politics and other vocations, Madison dedicated himself singularly to the work of politics and ultimately developed it into a distinctly American idiom. He was, in short, the first American politician.