Tag: capitalism

Capitalism in the Age of Revolution: Burke, Smith, and the Problem of Value

I’ve got an essay in Raritan about Edmund Burke, Adam Smith, and the problem of value. The essay is part of my long-term book project, on the political theory of capitalism, which I’ll be coming back to once I’m done with my book on Clarence Thomas (though I’ve been periodically teaching on the topic at the Graduate Center as a preparatory to writing the book). You could read the essay as a kind of prequel to this other essay I wrote on Nietzsche and Hayek and the problem of value. The idea of the book is to look at how theorists and philosophers (and even some economists) conceived of capitalism less as an economic system and more as a political system, […]

Counterrevolutionary Backsliding, from the Golden Calf to Keynes

One of the elements of the Exodus story I’ve always been interested in is the backsliding; it fits with my interest in counterrevolution, I suppose. The Israelites flee Egypt, bondage, and Pharaoh, but while they wander in the desert, they’re constantly tempted to go back. Literally, to Egypt, and figuratively, to bondage, to false gods, to idol worship. The Bible often speaks of these “murmurings” of the people of Israel. And the whole congregation of the children of Israel murmured against Moses and against Aaron in the wilderness; and the children of Israel said unto them: “Would that we had died by the hand of the Lord in the land of Egypt, when we sat by the flesh-pots, when we did eat […]