| Book Review | The Journal of American History, 93.4

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| Book Review | The Journal of American History, 93.4 | The History Cooperative

Book Review

American Capitalism: Social Thought and Political Economy in the Twentieth Century. Ed. by Nelson Lichtenstein. (Philadelphia: University of Pennsylvania Press, 2006. vi, 377 pp. $49.95, ISBN 0-8122-3923-7.)

During the flush decades of America's unrivaled dominance of the global economy following World War II, it was easy for intellectuals in and out of the academy to imagine a postcapitalist society no longer hampered by life-and-death ideological struggles. Social theorists from a wide variety of backgrounds offered predictions about what America's political economy might look like in the future, ranging from an optimistic liberalism rooted in social structures and their functions to the nightmare of state capitalism. These probing, mostly biographical essays, the majority of which were originally presented at a 2003 conference at the University of California, Santa Barbara, examine the visions of such important liberal thinkers as Talcott Parsons and John Kenneth Galbraith as well as such left-wing critics as C. Wright Mills and C. L. R. James.

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