New PDF release: Age of Fracture

By Daniel T. Rodgers

ISBN-10: 0674057449

ISBN-13: 9780674057449

Within the final region of the 20th century, the guidelines that almost all american citizens lived via began to fragment. Mid-century techniques of nationwide consensus, controlled markets, gender and racial identities, citizen legal responsibility, and ancient reminiscence turned extra fluid. versatile markets dismissed Keynesian macroeconomic constructions. Racial and gender team spirit divided into a number of identities; neighborhood accountability shrank to smaller circles. during this wide-ranging narrative, Daniel Rodgers exhibits how the collective reasons and meanings that had framed social debate turned unhinged and unsure. Age of Fracture deals a strong reinterpretation of the ways that the many years surrounding the Nineteen Eighties replaced the US. via a contagion of visions and metaphors, on either the highbrow correct and the highbrow left, previous notions of background and society that under pressure solidity, collective associations, and social situations gave technique to a extra individualized human nature that emphasised selection, employer, functionality, and hope. On a vast canvas that incorporates Michel Foucault, Ronald Reagan, Judith Butler, Charles Murray, Jeffrey Sachs, and plenty of extra, Rodgers explains how buildings of strength got here to appear less significant than marketplace selection and fluid selves. slicing around the social and political arenas of late-twentieth-century existence and concept, from monetary concept and the tradition wars to disputes over poverty, color-blindness, and sisterhood, Rodgers finds how our different types of social fact were fractured and destabilized. As we survey the highbrow wreckage of this struggle of principles, we higher comprehend the emergence of our current age of uncertainty. (20101201)

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S. econ- 44 Age of Fracture omy found themselves with stubbornly high unemployment levels in the decade that followed. S. economy (and more slowly elsewhere): an unprecedented “Great Expansion,” as Robert Collins calls it, that would carry forward, virtually uninterrupted, for over twenty years. Global integration of markets and communication proceeded at a pace unimaginable when discussion of the future of transnational corporations had first seriously begun in the 1970s. 5 But the emergence of the market as the dominant social metaphor of the age was not a product of the later years of the era, the years of sustained American economic growth and global integration.

As the drafts upon drafts of the major speeches now housed in the Reagan Presidential Library show, Reagan was a meticulous editor of his own words. After 1981 he rarely offered much initial guidance to his speechwriters, but he went over the final products in detail: condensing, rewording, adding a paragraph or two, and smoothing the final text with the skill of a seasoned line editor. 28 He did not balk at Dolan’s “evil empire” reference. 29 Throughout the friendship with Gorbachev that grew so rapidly after 1986, Reagan’s speeches continued their attacks on the brutalities of the Soviet system.

Smith had not opened The Wealth of Nations in a London market, amid the din of bargainers’ cries and the spectacle of goods laid out for sale; he had opened it, in a chapter on the productive gains achieved through the division of labor, in a pin factory. For Smith and his successors, the focus of economic science was on the production, not the exchange, of wealth. That was the question that opened virtually every English-language economics textbook of the last three quarters of the nineteenth century: how the three great factors of production—land, labor, and capital—worked together to generate wealth, and how that The Rediscovery of the Market 45 wealth, in turn, was distributed through three great “classes of the community” (as David Ricardo called them), landowners, capital investors, and laborers.

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Age of Fracture by Daniel T. Rodgers


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