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The Moral Economists: R. H. Tawney, Karl Polanyi, E. P. Thompson, and the Critique of Capitalism PDF

277 Pages·2017·2.58 MB·English
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The Moral Economists The Moral Economists R. H. Tawney, Karl Polanyi, E. P. Thompson, and the Critique of Capitalism Tim Rogan Princeton University Press Princeton & Oxford Copyright © 2017 by Princeton University Press Published by Princeton University Press, 41 William Street, Princeton, New Jersey 08540 In the United Kingdom: Princeton University Press, 6 Oxford Street, Woodstock, Oxfordshire OX20 1TR press.princeton.edu Jacket art: Detail from Early Morning, 1954, by L. S. Lowry © The Estate of L. S. Lowry. All Rights Reserved Library of Congress Cataloging-in-Publication Data Names: Rogan, Tim, 1983– author. Title: The moral economists : R.H. Tawney, Karl Polanyi, E.P. Thompson, and the critique of capitalism / Tim Rogan. Description: Princeton, NJ : Princeton University Press, 2018. | Includes bibliographical references and index. Identifiers: lccn 2017009882 | isbn 9780691173009 (hardcover : alk. paper) Subjects: LCSH: Capitalism—Moral and ethical aspects. | Socialism. | Tawney, R. H. (Richard Henry), 1880–1962. | Polanyi, Karl, 1886–1964. | Thompson, E. P. (Edward Palmer), 1924–1993. Classification: LCC HB501 .R66657 2018 | DDC 174/.4—dc23 LC record available at https://lccn.loc.gov/2017009882 British Library Cataloging- in- Publication Data is available This book has been composed in Classic Arno Printed on acid- free paper. ∞ Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 For Susanne Contents Introduction 1 1 R. H. Tawney 16 The North 18 Idealism 22 Pluralism 25 Guild Socialism 29 Christian Socialism 40 Religion and the Rise of Capitalism 43 The History of the Present 48 2 Karl Polanyi 51 Hungary 57 Red Vienna 61 Fascism 65 “Beyond Jesus” 70 The Great Transformation 78 The History of Political Economy 83 3 Capitalism in Transition? 92 The Politics of Democratic Socialism 98 Welfare Economics 103 The Future of Socialism? 106 Planning for Freedom 112 The Education Act of 1944 117 Definitions of Culture 127 vii viii Contents 4 E. P. Thompson 133 Romantics and Revolutionaries 135 Stalinism 138 The Scrutiny Movement 143 Socialist Humanism 147 The Making of the English Working Class 157 New Lefts 167 After Marx 174 Conclusion 184 Small Is Beautiful? 187 Individual Values and Social Choice 189 Amartya Sen 194 Histories of the Future 198 Acknowledgments 201 Notes 205 Index 253 The Moral Economists

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A fresh look at how three important twentieth-century British thinkers viewed capitalism through a moral rather than material lensWhat’s wrong with capitalism? Answers to that question today focus on material inequality. Led by economists and conducted in utilitarian terms, the critique of capital
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