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This book provides a concise and accessible history of the
relationship between the individual and capitalism in the United
States. The text is devoted to tracking the historical development
of important themes, whilst addressing key episodes in the progress
of American capitalism within these, such as the Great Depression
and New Deal. The book will introduce students to the key
philosophical principles that have been the most influential in the
history of free enterprise in the United States as well as
exploring the ways in which these ideas have been popularly
understood by Americans from the late eighteenth century to the
present. Liberalism and Neoliberalism, entrepreneurialism, slavery
and racial capitalism, and business and gender are all assessed.
The material in this volume is complimented by a set of primary
source documents that bring the subject to life. It will be of
interest to students of American history, business and labor
history.
This book provides a concise and accessible history of the
relationship between the individual and capitalism in the United
States. The text is devoted to tracking the historical development
of important themes, whilst addressing key episodes in the progress
of American capitalism within these, such as the Great Depression
and New Deal. The book will introduce students to the key
philosophical principles that have been the most influential in the
history of free enterprise in the United States as well as
exploring the ways in which these ideas have been popularly
understood by Americans from the late eighteenth century to the
present. Liberalism and Neoliberalism, entrepreneurialism, slavery
and racial capitalism, and business and gender are all assessed.
The material in this volume is complimented by a set of primary
source documents that bring the subject to life. It will be of
interest to students of American history, business and labor
history.
At the time of its collapse in 2001, Enron was one of the largest
companies in the world, boasting revenue of over $100 billion.
During the 1990s economic boom, the Houston, Texas-based energy
company had diversified into commodities and derivatives trading
and many other ventures-some more legal than others. In the lead-up
to Enron's demise, it was revealed that the company's financial
success was sustained by a creatively planned and well-orchestrated
accounting fraud. The story of Enron and its disastrous aftermath
has since become a symbol of corporate excess and negligence,
framed as an exceptional event in the annals of American business.
With Risk and Ruin, Gavin Benke places Enron's fall within the
larger history and culture of late twentieth-century American
capitalism. In many ways, Benke argues, Enron was emblematic of the
transitions that characterized the era. Like Enron, the American
economy had shifted from old industry to the so-called knowledge
economy, from goods to finance, and from national to global modes
of production. Benke dives deep into the Enron archives, analyzing
company newsletters, board meeting minutes, and courtroom
transcriptions to chart several interconnected themes across
Enron's history: the changing fortunes of Houston; the shifting
attitudes toward business strategy, deregulation, and the function
of the market among policy makers and business leaders; and the
cultural context that accompanied and encouraged these broader
political and economic changes. Considered against this backdrop,
Enron takes on new significance as a potent reminder of the
unaddressed issues still facing national and global economies.
Published in cooperation with the William P. Clements Center for
Southwest Studies at Southern Methodist University.
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