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Reconstructing the Commercial Republic (Paperback)
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Reconstructing the Commercial Republic (Paperback)
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James Madison is the thinker most responsible for laying the
groundwork of the American commercial republic. But he did not
anticipate that the propertied class on which he relied would
become extraordinarily politically powerful at the same time as its
interests narrowed. This and other flaws, argues Stephen L. Elkin,
have undermined the delicately balanced system he constructed. In
Reconstructing the Commercial Republic, Elkin critiques the
Madisonian system, revealing which of its aspects have withstood
the test of time and which have not. The deficiencies Elkin points
out provide the starting point for his own constitutional theory of
the republic-a theory that, unlike Madison's, lays out a
substantive conception of the public interest that emphasizes the
power of institutions to shape our political, economic, and civic
lives. Elkin argues that his theory should guide us toward building
a commercial republic that is rooted in a politics of the public
interest and the self-interest of the middle class. He then
recommends specific reforms to create this kind of republic,
asserting that Americans today can still have the lives a
commercial republic is intended to promote: lives with real
opportunities for economic prosperity, republican political
self-government, and individual liberty.
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