{"product_id":"new-liberalism-9781442651401","title":"New Liberalism","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eJohn 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.\u003c\/p\u003e\u003cp\u003eThe 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.\u003c\/p\u003e\u003cp\u003eAllett compares the analyses of Hobson, Adam Smith, J.S. Smith, the Webbs, T.H. Green, B\u003c\/p\u003e","brand":"University of Toronto Press","offers":[{"title":"Default Title","offer_id":53187501293911,"sku":"9781442651401","price":25.19,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/bookcurl.com\/products\/new-liberalism-9781442651401","provider":"Book Curl","version":"1.0","type":"link"}