CLASSICAL ECONOMICS,

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CLASSICAL ECONOMICS, SOCIALISM, THE VIA MEDIA

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MERCANTILISM THE IDEA THAT A NATION'S EXISTENCE
DEPENDED ON POWER, AND POWER DEPENDED ON WEALTH.
ECONOMY OF WEALTH FINITE AMOUNT OF RESOURCES
AND WEALTH IN WORLD THEORY OF TRADE TRADE A
NECESSARY EVIL / PURE TRADE IMMORAL NAVIGATION
ACTS BEGINNING IN 1651. THESE ACTS WERE
DESIGNED TO CONTROL TRADE WITH THE COLONIES IN
THE INTEREST OF THE MOTHER COUNTRY. THE
TRIANGLE TRADE ROUTES
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CLASSICAL ECONOMICS CRITICS
Adam Smith, 172390 Thomas Robert Malthus,
1766-1834 David Ricardo, 17721823 John Stuart
Mill, 180673 Karl Marx, 18181883 John Maynard
Keynes 1883 - 1946
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Adam Smith, 172390
An Inquiry into the Nature and Causes of the
Wealth of Nations (1776
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Thomas Robert Malthus, 1766-1834
An Essay on the Principle of Population (1798)
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David Ricardo, 17721823
The Principles of Political Economy
and Taxation (1817)
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John Stuart Mill, 180673,
Principles of Political Economy, 1848
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Karl Marx, 181883
Das Capital (Capital) (1867-95) Manifest der
kommunistischen Partei (Communist Manifesto)
(1848)
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1864 1st INTERNATIONAL - Marx founds the
International Workingmen's Association. 1889
2nd INTERNATIONAL - Paris 1919 3rd
INTERNATIONAL - Lenin / Comintern 1929 4th
INTERNATIONAL - Trotskyist
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Karl Johann Kautsky, 18541938
Eduard Bernstein, 18501932
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From Lenin to Stalin
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John Maynard Keynes 1883 - 1946
General Theory of Employment, Interest, and
Money (1936)
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Why Is There No Socialism in the United States?
Werner Sombart (1906)

• Daniel Bell - Sectarianism
• Seymour Martin Lipset - American Exceptionalism
• Social Democratic Historians
• - There is (sort of)
• Sean Wilentz
• Michael Kazin
• James T. Kloppenberg

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FOUR PARTY PERIODS   1796 - 1828 1ST
PARTY SYSTEM   FEDERALIST - ANTI-FEDERALIST
NATIONALIST - REPUBLICAN / DEMOCRAT HAMILTONIA
N - JEFFERSONIAN   1829 - 1856 2ND PARTY
SYSTEM   WHIG - DEMOCRACY ANTI-JACKSONIAN -
JACKSONIAN   1856 - 1964 3RD
PARTY SYSTEM   DEMOCRAT - REPUBLICAN
  1964 - 4TH PARTY
SYSTEM   DEMOCRAT - REPUBLICAN
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• 3rd PARTIES IN THE FOUR PARTY PERIODS
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• 1796 - 1828 1ST PARTY SYSTEM
•   PAINITES
• ANTI-MASON PARTY
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• 1829 - 1856 2ND PARTY SYSTEM
• WORKINGMENS PARTY
•       FANNY WRIGHT
•     ROBERT DALE OWENS
•     THOMAS SKIDMORE
•    MIKE WALSH-THE SPARTIN BAND
• NO NOTHING PARTY
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• 1856 - 1964 3RD PARTY SYSTEM
•   PEOPLES PARTY
• SOCIALIST PARTY
• COMMUNIST PARTY
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Some episodes of industrial violence in U.S.
history 1820s-1840s canal workers in the
northeast 1862-77 Molly Maguires, Pennsylvania
1863 New York City draft riots 1874 Tompkins
Square Riot, New York City 1877 The Great
Railroad Strike 1885 Massacre of Chinese, Rock
Springs 1886 Haymarket, Chicago 1889 Las
Gorras Blancas, New Mexico 1891 Anti-Italian
Riot in New Orleans 1892 Homestead,
Pennsylvania Couer d'Alene, Idaho
Cripple Creek, Colorado 1894 Pullman, Chicago
Coxey's Army. 1896 Leadville, Colorado 1897
Lattimer, Pennsylvania 1901 Telluride, Colorado
1902 Pennsylvania anthracite strike
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1909 McKees Rocks, Pennsylvania 1910
Dynamiting of Los Angeles Times 1912 Lawrence,
Massachusetts 1913 Patterson, New Jersey
1913-14 Ludlow, Colorado 1916 Everett Massacre
1917 Food riots resistance to conscription in
the Southwest Bisbee, Arizona Espionage and
Sedition Acts Green Corn Rebellion 1919
Strikes in steel industry, Seattle, etc
anti-Socialist May Day Riot in Cleveland
Centralia Red Scare Sacco and Vanzetti
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1920 Wall Street bombing 1922 Herrin Massacre
miners' strikes, Pennsylvania, Tennessee,
West Virginia 1929 Gastonia, North Carolina
1932 Dearborn Massacre attack on the "Bonus
Army", Washington D.C. 1933 Steel strike,
Pennsylvania cotton strike, Pixley and Arvin,
California 1934 Strikes by Californian fruit
and vegetable workers automobile industry
strike, Toledo, Ohio             San Francisco
General Strike teamsters' Strike, Minneapolis
1937 Sit-down strikes in automobile industry,
Michigan steel strike and Memorial Day
Massacre, Michigan
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Philosophers of the Via Media Pragmatists
William James (1842-1910) John Dewey
(1859-1952) Hermeneutics Friedrich
Schlermacher (1768-1834) Wilhelm Dilthey
(1833-1911)
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Politics of the Via Media Social Gospel
Richard Ely (1854-1943) Walter Rauschenbusch
(1861-1918) Social Democrats Beatrice and
Sidney Webb Jean Jaures (1859-1914) Eduard
Berstein (1850-1932) Progressives John Dewey
(1859-1952) Max Weber (1864-1920) Walter
Lippmann (1889-1974)
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PROGRESSIVISM Curb Special Interests Elite
Status Anxiety George Mowry (1951) Richard
Hofstadter, Age of Reform (1955) Organizational
and Professional Efficiency Samuel Hays,
Response to Industrialization (1957) Robert
Weibe, Search for Order (1967) Anti Competitive
Corporation Gabriel Kolko, Triumph of
Conservatism (1963)
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  1829 - Workingmans Party formed in New
York 1869 - Knights of Labor 1877
- Socialist Labor party, Daniel De Leon 1894 -
Pullman Strike in Chicago 1901 - Socialist
Party, Eugene Debbs 1905 - Industrial Workers
of the World 1919 - Communist Party 1935 -
Congress of Industrial Organizations, John L.
Lewis  
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MARTIN LUTHER KING, JR
"There must be a better distribution of wealth,
and maybe America must move toward a Democratic
Socialism." "Frogmore, S.C. " November, 14,
1966
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• Other African-American Socialists
• WEB Du Bois (1877-1963)
• A. Philip Randolph 1889 1979
• Bayard Rustin (1912-1987)
• Ronald V. Dellums (1935- )
• Cornel West

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• Hispanic-American Socialists
• Ybor City Radicalism
• Cesar Chavez, (1927-1993)
• Dolores Huerta
• Puerto Rican Socialist Party

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• American Women Socialists
• Victoria Woodhull 1838-1927
• Margaret Sanger 1879-1966
• Elizabeth Gurley Flynn 1890-1964
• Angela Davis
• Gloria Steinem.
• Barbara Ehrenreich
• Emma Goldman (1869-1940) Anarchist