Author:
Chassagnon Virgile,Vallet Guillaume
Abstract
This paper sheds light on Albion Small’s views on the inequalities resulting from capital concentration. As a leading intellectual of the Progressive Era, Small sought ways to reduce social injustice, which in his view was key to avoiding class conflict and preserving democracy. He emphasized the need to devise social policies with a view to ensuring the equality of opportunities for all to realize what Small termed their “interests”—through the combination of their labor with “tool-capital.” Small entrusted the State with the central role of fighting capital inequalities through social policies, the treatment of inequalities dealing with morals. He embraced the then-fashionable idea of reasonable capitalism, as expounded by fellow progressive scholars, the likes of Richard T. Ely, John Dewey, or John R. Commons, who all sensed that such an economic system would survive only if it improves the social well-being as well as the self-development of all individuals.
Publisher
Cambridge University Press (CUP)
Subject
History and Philosophy of Science,General Economics, Econometrics and Finance,General Arts and Humanities
Reference74 articles.
1. Chapter 3 Three centuries of inequality in Britain and America
2. “On the Capital Lent the Trusts.”;Small;Chicago Telegraph,1899b
Cited by
6 articles.
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