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New Liberalism By John Allett

New Liberalism by John Allett

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Summary

This study presents an integral analysis of the life, times, and thought of the profound and original thinker John A. Hobson.

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New Liberalism Summary

New Liberalism: The Political Economy of J.A. Hobson by John Allett

John A. Hobson was a prominent member of a small band of British radicals who argued around the turn of the century that the consistent application of liberal ideas required the reorganization of capitalist societies along socialist lines. Allett here suggests that their march toward socialism was marked by a caution not overly to damage the liberal heritage of their forefathers and yet to provide a philosophical foundation for the creation of the welfare state, justified on the basis of right and efficiency. The author emphasizes Hobson's doctrine of imperialism and the related theory of under-consumption for which he is best known, while arguing that the lesser known of Hobson's doctrines-which the author describes as the 'organic theory of surplus value'-is essential to a full appreciation of the coherence of Hobson's thought. Allett compares the analyses of Hobson, Adam Smith, J.S. Smith, the Webbs, T.H. Green, Bosanquet, Marx, Lenin, Keynes, and Hobson's comrade-in-arms L.T. Hobhouse and puts in perspective the dismissive critiques of those contemporary scholars who claimed that Hobson's work is value-laden, simplistic, and contradictory. This study presents an integral analysis of the life, times, and thought of a profound and original thinker, whose legacy to social democratic thought has yet to be fully appreciated.

About John Allett

John Allett is an associate professor in the division of Social Science at York University. Previously, he was an assistant professor in Political Studies at Trent University.

Additional information

NLS9781442651401
9781442651401
1442651407
New Liberalism: The Political Economy of J.A. Hobson by John Allett
New
Paperback
University of Toronto Press
1981-12-15
288
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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