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The Fabians, early and late

Persky, Joseph (2016) The Fabians, early and late. In: The Political Economy of Progress: John Stuart Mill and Modern Radicalism. Oxford University Press, Oxford. ISBN 9780190460631 ; E-ISBN: 9780190460662

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Abstract

"Mill’s stepdaughter, Helen Taylor, added to his radical reputation by publishing his autobiography and essays on socialism. She also acted as a bridge to the followers of Henry George and the Fabians. The British Fabians enthusiastically claimed descent from Mill. Sidney and Beatrice Webb of the Fabians endorsed the bulk of the Millean program, drawing heavily on Mill’s utilitarian coda, faith in political economy (they founded the London School of Economics), belief in the transitional character of capitalism, emphasis on the development of the working class, and confidence in democratic, nonviolent reform. Their major difference from Mill was their support of the nationalization of industry and opposition to producers’ cooperatives. In the twentieth century, Fabians maintained their gradualist position. Several first-rate economists stayed connected to their Fabian roots, including Hugh Dalton with his work on inequality and Nicholas Kaldor with his contributions to welfare economics." - chapter abstract.

Item Type: Book Section
Additional Information: Part III: Echoes. Chapter 11. Published to Oxford Scholarship Online: June 2016.
Subjects: D History General and Old World > DA Great Britain
H Social Sciences > HB Economic Theory
H Social Sciences > HX Socialism. Communism. Anarchism
Date Deposited: 08 May 2017 11:19
Last Modified: 09 May 2017 09:55
URI: http://webbs.library.lse.ac.uk/id/eprint/874

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