A01=Joseph Persky
Author_Joseph Persky
Category1=Non-Fiction
Category=JPFK
Category=KCA
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Category=NL-JP
Category=NL-KC
Category=QDH
Category=QDTS
COP=United States
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eq_business-finance-law
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Format=BB
HMM=239
IMPN=Oxford University Press Inc
ISBN13=9780190460631
Language_English
PA=Available
PD=20160811
POP=New York
Price=€50 to €100
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PUB=Oxford University Press Inc
SMM=31
Subject=Economics
Subject=Philosophy
Subject=Politics & Government
WG=516
WMM=163
Product details
- ISBN 9780190460631
- Weight: 499g
- Dimensions: 160 x 236 x 31mm
- Publication Date: 07 Jul 2016
- Publisher: Oxford University Press Inc
- Publication City/Country: New York, US
- Product Form: Hardback
- Language: English
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While there had been much radical thought before John Stuart Mill, Joseph Persky argues it was Mill, as he moved to the left, who provided the radical wing of liberalism with its first serious analytical foundation, a political economy of progress that still echoes today. A rereading of Mill's mature work suggests his theoretical understanding of accumulation led him to see laissez-faire capitalism as a transitional system. Deeply committed to the egalitarian precepts of the Enlightenment, Mill advocated gradualism and rejected revolutionary expropriation on utilitarian grounds: gradualism, not expropriation, promised meaningful long-term gains for the working classes. He endorsed laissez-faire capitalism because his theory of accumulation saw that system approaching a stationary state characterized by a great reduction in inequality and an expansion of cooperative production. These tendencies, in combination with an aggressive reform agenda made possible by the extension of the franchise, promised to provide a material base for social progress and individual development.
The Political Economy of Progress goes on to claim that Mill's radical political economy anticipated more than a little of Marx's analysis of capitalism and laid a foundation for the work of Fabians and other gradualist radicals in the 20th century. More recently, modern philosophic radicals, such as Rawls, have deep links to this Millean political economy. These links are still worthy of development. In particular, a politically meaningful acceptance of Rawls's radical liberalism waits on a movement capable of re-engineering the workplace in a manner consistent with Mill's endorsement of worker management.
Joseph Persky is Professor of Economics at the University of Illinois at Chicago. Professor Persky's work takes distributional questions as central to both history and current policy. His articles have appeared in a number of journals, including the American Economics Association's Journal of Economic Perspectives, where he is the informal editor of the Retrospectives feature. He is the author of The Burden of Dependency, an exploration of the history of economic thought in the Southern U.S. He is a co-author of When Corporations Leave Town, and Does "Trickle Down " Work?, both concerned with distributional implications of metropolitan economic development strategies. Persky's politics slant to the labor left.
