English economist John Hobson’s 1902 Imperialism: A Study was an epoch-making study of the politics and economics of imperialism that shook imperialist beliefs to their core. A committed liberal, Hobson was deeply sceptical about the aims and claims of imperialistic thought at a time when Britain’s empire held sway over a vast portion of the globe. In order to critique what he saw as a falsely reasoned and immoral political view, Hobson’s book took a cuttingly analytical approach to the idea of imperialism – setting out to dissect and understand the arguments for empire before subjecting them to withering evaluation – a process that led him to the key insight that the then widely-accepted claim that imperialism was essentially a question of nationalism was, in fact, quite weak. Instead, Hobson’s close analysis of the implicit and hidden reasons for imperialist projects demonstrated that, at root, they were all products of capitalism. It became increasingly clear to him that imperialism was less a political ideology, and more the product of the urgent need to open up new markets and remedy economic stagnation at home. Deeply provocative at the time, Hobson’s book shows just how powerful the critical thinking skills of analysis and evaluation can be when applied to deconstruction of even the most widely accepted of ideas.

Reveals international theory as embedded within Eurocentrism such that its purpose is to celebrate/defend the idea of Western civilization.

Publisher Description

The year 2002 sees the centenary of J. A. Hobson's Imperialism: A Study, the most influential critique of British imperial expansion ever written. P. J. Cain marks the occasion by evaluating, for the first time, Hobson's writings on imperialism from his days as a journalist in London to his death in 1940. The early chapters chart Hobson's progress from complacent imperialist in the 1880s to radical critic of empire by 1898. This is followed by an account of the origins of Imperialism anda close analysis of the text in the context of contemporary debates. Two chapters cover Hobson's later writings, showing their richness and variety, and analysing his decision to republish Imperialism in 1938. The author discusses the reception of Imperialism and its emergence as a 'classic' by the late 1930s and ends with a detailed discussion of the relevance of the arguments of Imperialism to present-day historians.

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.

Develops a fresh non-Eurocentric analysis of the rise and development of the global economy in the last half-millennium.

"This is a very important book."--Martin Wolf, Financial TimesA provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award "Worth reading for [the authors'] insights into the history of trade and finance."--George Melloan, Wall Street Journal Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace--and what we can do about it.

A leading scholar of British political thought explores the relationship between liberalism and empire Reordering the World is a penetrating account of the complexity and contradictions found in liberal visions of empire. Focusing mainly on nineteenth-century Britain—at the time the largest empire in history and a key incubator of liberal political thought—Duncan Bell sheds new light on some of the most important themes in modern imperial ideology. The book ranges widely across Victorian intellectual life and beyond. The opening essays explore the nature of liberalism, varieties of imperial ideology, the uses and abuses of ancient history, the imaginative functions of the monarchy, and fantasies of Anglo-Saxon global domination. They are followed by illuminating studies of prominent thinkers, including J. A. Hobson, L. T. Hobhouse, John Stuart Mill, Henry Sidgwick, Herbert Spencer, and J. R. Seeley. While insisting that liberal attitudes to empire were multiple and varied, Bell emphasizes the liberal fascination with settler colonialism. It was in the settler empire that many liberal imperialists found the place of their political dreams. Reordering the World is a significant contribution to the history of modern political thought and political theory.