American counterrevolutionary: Lemuel Ricketts Boulware and general electric, 1950-1960

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The decade of the 1950s has long been seen as an epoch of consensus, especially regarding questions of political economy. As historian Godfrey Hodgson puts it, during the postwar period, "to dissent from the broad axioms" of agreement upon a liberal capitalism was "to proclaim oneself irresponsible or ignorant." During the postwar period, the argument goes, economic growth replaced class conflict. Serious ideological dissension gave way to interest-group pluralism mediated by a broker state. Corporate leaders accepted the power of labor unions, provided that they respected certain managerial prerogatives, while workers gave up their radical ambitions and acknowledged management's legitimate power. Allied against the common threat of the Soviet Union, Cold War liberals and "modern Republicans" alike could agree on the basic principles of the welfare state, anti-Communist unionism and Keynesian economics.

Original languageEnglish (US)
Title of host publicationAmerican Capitalism
Subtitle of host publicationSocial Thought and Political Economy in the Twentieth Century
PublisherUniversity of Pennsylvania Press
Pages249-270
Number of pages22
ISBN (Print)0812239237, 9780812219401
StatePublished - 2006

ASJC Scopus subject areas

  • Arts and Humanities(all)

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