Walter Lippmann: The Good Society (1937)

The Good Society is a critical text in the history of liberalism. Initially a series of articles published in a variety of Lippmann’s favorite magazines, as the whole evolved, it became a frontal assault against totalitarian tendencies within American society. Lippmann took to task those who sought to improve the lot of mankind by undoing the work of their predecessors and by undermining movements in which men struggle to be free. This book is a strong indictment of programs of reform that are at odds with the liberal tradition, and it is critical of those who ask people to choose between security and liberty. The Good Society falls naturally into two segments. In the first, Lippmann shows the errors and common fallacies of faith in government as the solution to all problems. He says, “from left to right, from communist to conservative. They all believe the same fundamental doctrine. All the philosophies go into battle singing the same tune with slightly different words.” In the second part of the book, Lippmann offers reasons why liberalism lost sight of its purpose and suggests the first principles on which it can flourish again. Lippmann argues that liberalism’s revival is inevitable because no other system of government can work, given the kind of economic world mankind seeks. He did not write The Good Society to please adherents of any political ideology. Lippmann challenges all philosophies of government, and yet manages to present a positive program. Bewildered liberals and conservatives alike will find this work a successful effort to synthesize a theory of liberalism with the practice of a strong democracy.

Publisher Little, Brown and Company
433 pages

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Lawrence H. White: The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years (2012)

The Clash of Economic Ideas interweaves the economic history of the last hundred years with the history of economic doctrines to understand how contrasting economic ideas have originated and developed over time to take their present forms. It traces the connections running from historical events to debates among economists, and from the ideas of academic writers to major experiments in economic policy. The treatment offers fresh perspectives on laissez faire, socialism and fascism; the Roaring Twenties, business cycle theories and the Great Depression; Institutionalism and the New Deal; the Keynesian Revolution; and war, nationalization and central planning. After 1945, the work explores the postwar revival of invisible-hand ideas; economic development and growth, with special attention to contrasting policies and thought in Germany and India; the gold standard, the interwar gold-exchange standard, the postwar Bretton Woods system and the Great Inflation; public goods and public choice; free trade versus protectionism; and finally fiscal policy and public debt.

Publisher Cambridge University Press, 2012
ISBN 1107012422, 9781107012424
440 pages

discussion with the author (with Russ Roberts, EconTalk)
review (Alberto Mingardi, The Washington Times)

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publisher
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Jeremy Rifkin: The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era (1995)

“Jeremy Rifkin argues that we are entering a new phase in history – one characterized by the steady and inevitable decline of jobs. The world, says Rifkin, is fast polarizing into two potentially irreconcilable forces: on one side, an information elite that controls and manages the high-tech global economy; and on the other, the growing numbers displaced workers, who have few prospects and little hope for meaningful employment in an increasingly automated world. The end of work could mean the demise of civilization as we have come to know it, or signal the beginning of a great social transformation and a rebirth of the human spirit.”

Publisher G.P. Putnam’s Sons, 1995
ISBN 0874777798, 9780874777796
350 pages

Commentary: George Caffentzis (1998).

Wikipedia

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