Invisible Hands
Book description
In the wake of the profound economic crisis known as the Great Depression, a group of high-powered individuals joined forces to campaign against the New Deal-not just its practical policies but the foundations of its economic philosophy. The titans of the National Association of Manufacturers and the chemicals giant DuPont,…
Why read it?
2 authors picked Invisible Hands as one of their favorite books. Why do they recommend it?
This book had an enormous impact on my understanding about the long road economic conservatives and corporations took to establish the dominance of neoclassical and neoliberal economic approaches in the U.S.
It tells a detailed story about a small group of American businessmen who ultimately succeeded in building a political movement that transformed the country. It describes what they were heading for and the ways they went about it.
From Donald's list on the battle between democracy and oligarchy.
Shifting away from the grassroots origins of modern conservatism, Invisible Hands examines how wealthy, conservative businessmen mobilized to counter the power of organized labor, dismantle the New Deal, and propel the right into political power. Phillips-Fein begins her story in the Depression, as a small set of disgruntled industrialists organized against what they saw as creeping socialism, embodied in FDR’s New Deal. Although marginal at first, these titans of capitalism spent great effort and tremendous sums of money to change the tone and tenor of American politics, convincing many Americans to abandon the promises of economic security for the supposed…
From Kyle's list on the history of American conservatism.
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