New Liberalism
New Liberalism

Author: John Allett

Publisher: University of Toronto Press

Published: 1981-12-15

Total Pages: 437

ISBN-13: 144263300X

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John A. Hobson was a prominent member of a small band of British radicals who argued around the turn of the century that the consistent application of liberal ideas required the reorganization of capitalist societies along socialist lines. Allett here suggests that their march toward socialism was marked by a caution not overly to damage the liberal heritage of their forefathers and yet to provide a philosophical foundation for the creation of the welfare state, justified on the basis of right and efficiency. The author emphasizes Hobson’s doctrine of imperialism and the related theory of under-consumption for which he is best known, while arguing that the lesser known of Hobson’s doctrines—which the author describes as the ‘organic theory of surplus value’—is essential to a full appreciation of the coherence of Hobson’s thought. Allett compares the analyses of Hobson, Adam Smith, J.S. Smith, the Webbs, T.H. Green, Bosanquet, Marx, Lenin, Keynes, and Hobson’s comrade-in-arms L.T. Hobhouse and puts in perspective the dismissive critiques of those contemporary scholars who claimed that Hobson’s work is value-laden, simplistic, and contradictory. This study presents an integral analysis of the life, times, and thought of a profound and original thinker, whose legacy to social democratic thought has yet to be fully appreciated.

J. A. Hobson
J. A. Hobson

Author: Michael Freeden

Publisher: Routledge

Published: 2019-12-06

Total Pages: 281

ISBN-13: 1000704807

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First published in 1988. This anthology from the major writings of J. A. Hobson helps to establish his reputation as one of the most influential social, economic and political theorists of late nineteenth and early twentieth century Britain. The wide range of his writings makes him essential reading for historians, economists, political theorists, students of imperialism and of international relations. In a general introduction Michael Freeden analyses the key organizing concepts of Hobson’s work, identifying the main areas of impact and controversy, and he suggests a framework of interpretation that demonstrates Hobson’s innovatory radicalism. He emphasizes Hobson’s humanist, qualitative understanding of economics, his significant contributions to the transformation of liberal theory, his trenchant critique of imperialism and his ‘heretical‘ theory of underconsumption. Hobson is placed in the intellectual context of his times and shown to be an important member of groups that helped to formulate the ideology of the modem welfare state. A wide selection of Hobson’s writings is made available for student and scholar alike. Grouped thematically, extracts include pieces from major works such as The Problem of the Unemployed, Imperialism: A Study, The Crisis of Liberalism and The Industrial System and span a period from 1896 to 1938.

Imperialism: A Study of the History, Politics and Economics of the Colonial Powers in Europe and America (Hardcover)
Imperialism: A Study of the History, Politics and Economics of the Colonial Powers in Europe and America (Hardcover)

Author: J. A. Hobson

Publisher: Lulu.com

Published: 2018-08-28

Total Pages: 226

ISBN-13: 9781387997565

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J. A. Hobson's critical treatise on the practice of imperialism - whereby countries acquire territories for economic gain - is a classic in its field. This edition includes all of the author's original charts and illustrations. Published at the opening of the 20th century, while colonial imperialism still held decisive sway as a political and social practice, Hobson's treatise caused shockwaves in economics for its condemnation of a procedure long considered irreproachable. While Hobson acknowledges that imperialism is often supported by a sense of nationalistic pride and achievement - as with the British Empire's colonial imperialism - he identifies capitalist oligarchy as the true motivation behind imperialistic ventures. Owners of productive capital, such as factories, generate a large surplus which they desire to reinvest in further factories; this prompts imperialist expansion into foreign lands.