Skip to main content Accessibility help
×
Home

ALBION W. SMALL’S NEGLECTED PROGRESSIVE VIEWS: REDUCING INEQUALITIES FOR A REASONABLE CAPITALISM

  • Virgile Chassagnon (a1) and Guillaume Vallet (a1)

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.

Copyright

References

Hide All
Abbott, Andrew. 1999. Department and Discipline. Chicago: The University of Chicago Press.
Alstott, Anne. 2006. “War, Taxes, and Income Redistribution in the Twenties: The 1924 Veterans’ Bonus and the Defeat of the Mellon Plan.” Tax Law Review 59: 373438.
Bulmer, Martin. 1980. “The Early Institutional Establishment of Social Science Research.” Minerva 18: 51110.
Bourguignon, François, and Morrisson, Christian. 2002. “Inequality among World Citizens.” American Economic Review 92 (4): 727744.
Bradizza, Luigi. 2008. Richard T. Ely’s Critique of Capitalism. New York: Palgrave Macmillan.
Campagna, Anthony. 1987. U.S. National Economic Policy, 1917–1985. New York: Praeger.
Chauvel, Louis. 2006. “Are Social Classes Really Dead? A French Paradox in Class Dynamics.” In Therborn, G., ed., Inequalities of the World. London: Verso, pp. 295317.
Christakes, Georges. 1978. Albion W. Small. Boston: Twayne Publishers.
Chassagnon, Virgile. 2011. “The Network-Firm as a Single Real Entity: Beyond the Aggregate of Distinct Legal Entities.” Journal of Economic Issues 45 (1): 113136.
Chassagnon, Virgile. 2014. “Toward a Social Ontology of the Firm: Reconstitution, Organizing Entity, Institution, Social Emergence and Power.” Journal of Business Ethics 124 (2): 197208.
Commons, John R. 1921. Legal Foundations of Capitalism. New York: The Macmillan Company.
Commons, John R. 1934. Institutional Economics: Its Place in Political Economy. Madison: The University of Wisconsin Press.
Dewey, John. 1893. “Self-Realization as the Moral Ideal.” The Philosophical Review 2: 652664.
Dewey, John. 1897. My Pedagogical Creed. Chicago: The University of Chicago Press.
Dewey, John. 1902. “Interpretation of the Savage Mind.” Psychological Review 9: 217230.
Dewey, John. 1922. Human Nature and Conduct: An Introduction to Social Psychology. New York: Modern Library.
Dewey, John. 1935. Liberalism and Social Action. New York: J.P. Putnam.
Dewey, John, and Tufts, James H.. 1913. Ethics. New York: Henry Holt and Co.
Dibble, Vernon K. 1975. The Legacy of Albion Small. Chicago: The University of Chicago Press.
Diner, Steven J. 1998. A Very Different Age. Americans of the Progressive Era. New York: Hill and Wang.
Ely, Richard T. 1894. “Fundamental Beliefs in My Social Philosophy.” The Forum 18: 173183.
Ely, Richard T. 1902. “Industrial Liberty.” Publications of the American Economic Association 3 (1): 5964.
Ely, Richard T. 1936. “The Founding and Early History of the American Economic Association.” American Economic Review 26 (1): 141150.
Ely, Richard T., King, Willford I., and Orth, Samuel P.. [1914] 2015. Property and Contract in Their Relation to the Distribution of Wealth. Volume 1. Rochester: Scholar’s Choice.
Faris, Robert E. L. 1970. Chicago Sociology 1920–1932. Chicago: The University of Chicago Press.
Fine, Sydney. 1951. “Richard T. Ely, Forerunner of Progressivism, 1880–1901.” The Mississippi Valley Historical Review 37 (4): 599624.
Giddings, Franklin H. 1896. The Principles of Sociology. New York: Macmillan.
Giddings, Franklin H. 1906. “Sovereignty and Government.” Political Science Quarterly 21 (1): 127.
Glaeser, Edward, Scheinkman, José, and Shleifer, Andrei. 2002. “The Injustice of Inequality.” NBER Working Paper Series 9150.
Hodgson, Geoffrey M. 2013. From Pleasure Machines to Moral Communities: An Evolutionary Economics without Homo Economicus. Chicago: The University of Chicago Press.
Kuznets, Simon. 1955. “Economic Growth and Income Inequality.” American Economic Review 65 (1): 128.
Lengermann, Patricia, and Niebrugge, Gillian. 2007. “Thrice Told: Narratives of Sociology’s Relation to Social Work.” In Calhoun, Craig, ed., Sociology in America. A History. Chicago: The University of Chicago Press, pp. 63115.
Lindert, Peter. 2000. “Three Centuries of Inequality in Britain and America.” In Atkinson, Anthony and Bourguignon, François, eds., Handbook of Income Distribution. Amsterdam: North-Holland, pp. 167216.
Lindert, Peter, and Williamson, Jeffrey. 1985. “Growth, Equality, and History.” Explorations in Economic History 22: 341377.
Matthews, Fred H. 1977. Quest for an American Sociology: Robert E. Park and the Chicago School. Montreal: McGill-Queens University Press.
O’Rourke, Kevin H. 2002. “Globalization and Inequality: Historical Trends.” In Pleskovic, Boris and Stern, Nicholas, eds., Annual World Bank Conference on Development Economics 2001/2002. Washington: The World Bank, pp. 3967.
Park, Robert E. 1950. Race and Culture. Glencoe: The Free Press.
Patten, Simon N. [1890] 2008. The Economic Basis of Protection. Charleston: BiblioBazaar.
Peukert, Helge. 2001. “Bridging Old and New Institutional Economics: Gustav Schmoller and Douglass North, Seen with Old Institutionalists’ Eyes.” European Journal of Law and Economics 11 (2): 91130.
Piketty, Thomas. 2014. Capital in the Twenty-first Century. Cambridge, MA: Harvard University Press.
Piketty, Thomas, and Saez, Emmanuel. 2003. “Income Inequality in the United States, 1913–1998.” Quarterly Journal of Economics 118 (1): 141.
Piketty, Thomas, and Saez, Emmanuel. 2014. “Inequality in the Long Run.” Science 344 (6186): 838843.
Richter, Rudolf. 1996. “Bridging Old and New Institutional Economics.” Journal of Institutional and Theoretical Economics 152: 567592.
Ross, Dorothy. 1991. The Origins of American Social Science. Cambridge: Cambridge University Press.
Rutherford, Malcolm. 1996. Institutions in Economics. Cambridge, UK: Cambridge University Press.
Scase, Richard. 1992. Class. Minneapolis: University of Minnesota Press.
Schmoller, Gustav. 1874. Über die Resultate der Bevölkerungs -und Moral- Statistik. Berlin: Habel.
Schmoller, Gustav. [1900] 1978. Grundriß der allgemeinen Volkswirtschaftslehre. Two volumes. Berlin: Duncker und Humblot.
Schneirov, Richard, Stromquist, Shelton, and Salvatore, Nick. 1999. The Pullman Strike and the Crisis of the 1890s. Essays on Labor and Politics. Urbana and Chicago: University of Illinois Press.
Shackel, Paul A., and Palus, Matthew M.. 2006. “The Gilded Age and Working-Class Industrial Communities.” American Anthropologist 108 (4): 828841.
Small, Albion W. 1890. Introduction to a Science of Society. Waterville: Colby University.
Small, Albion W. 1895a. “The Civic Federation of Chicago. A Study in Social Dynamics.” American Journal of Sociology 1 (1): 79103.
Small, Albion W. 1895b. “Private Business Is a Public Trust.” American Journal of Sociology 1 (1): 276289.
Small, Albion W. 1895c. “Scholarship and Social Agitation.” American Journal of Sociology 1 (1): 564582.
Small, Albion W. 1895d. “The Relation of Sociology to Economics.” Journal of Political Economy 3: 169184.
Small, Albion W. 1899a. “Sanity in Social Agitation.” American Journal of Sociology 4: 335351.
Small, Albion W. 1899b. “On the Capital Lent the Trusts.” Chicago Telegraph, 10 March.
Small, Albion W. 1903. “The Significance of Sociology for Ethics.” Decennial Publications of the University of Chicago 4: 2324.
Small, Albion W. 1905. General Sociology. Chicago: The University of Chicago Press.
Small, Albion W. 1906. “Points of Agreements Among Sociologists.” American Journal of Sociology 12 (5): 633649.
Small, Albion W. 1907. Adam Smith and Modern Sociology: A Study in the Methodology of the Social Sciences. Chicago: The University of Chicago Press.
Small, Albion W. 1912. “Socialism in the Light of Social Science.” American Journal of Sociology 17 (6): 804819.
Small, Albion W. 1913. Between Eras: From Capitalism to Democracy. Kansas City: Inter-Collegiate Press.
Small, Albion W. 1914. “The Social Gradations of Capital.” American Journal of Sociology 9 (6): 721752.
Small, Albion W. 1916. “Fifty Years of Sociology in the United States (1865–1915).” American Journal of Sociology 21 (6): 721864.
Small, Albion W. 1917. “Americans and the World Crisis.” The University of Chicago War Papers 2: 323.
Small, Albion W. 1925. “The Sociology of Profits.” American Journal of Sociology 30 (4): 439461.
Smiley, Gene, and Keehn, Richard H.. 1995. “Federal Personal Income Tax Policy in the 1920s.” The Journal of Economic History 55 (2): 285303.
Sumner, William G. 1881. War and Other Essays. New Haven: Yale University Press.
Sumner, William G. [1883] 1978. What Social Classes Owe to Each Other. Caldwell: Caxton Printers.
Sumner, William G. 1906. Folkways: A Study of the Sociological Importance of Usages, Manners, Customs, Mores, and Morals. Boston: Ginn.
Veblen, Thorstein. 1898, “Why Is Economics Not an Evolutionary Science?” Quarterly Journal of Economics 12 (4): 373397.
Vallet, Guillaume. 2017. “Cooperation Rather than Competition in Industrial Organisations: Albion W. Small’s Underestimated View.” Business History 59 (3): 453470.
Williamson, Jeffrey. 1997. “Globalization and Inequality: Past and Present.” World Bank Research Observer 12 (2): 117135.

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Abstract views

Total abstract views: 0 *
Loading metrics...

* Views captured on Cambridge Core between <date>. This data will be updated every 24 hours.

Usage data cannot currently be displayed