What’s Missing

Katrina Navickas

  • The Moral Economists: R.H. Tawney, Karl Polanyi, E.P. Thompson and the Critique of Capitalism by Tim Rogan
    Princeton, 263 pp, £30.00, December 2017, ISBN 978 0 691 17300 9

Capitalism is in crisis, again. Inequality, measured in wages, wealth distribution, employment, ‘affordable’ housing, has become the dominant framework for understanding the economy. Through this lens, people can extrapolate to the macroeconomic from their own individual experiences. Widespread anxiety produces phenomena unthinkable in more prosperous times: for example, Thomas Piketty’s seven hundred-page volume of economic theory, Capital in the 21st Century, joining the bestseller lists.

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[*] Susan Pedersen wrote about Lawrence Goldman’s Life of Tawney in the LRB of 21 August 2014.