John Atkinson Hobson and the roots of John Dewey's economic thought
American pragmatist John Dewey's economic thought has remained relatively unknown by both philosophers and economists. This article addresses this lack of interest and replies to criticism of pragmatism as the philosophy of ‘corporate liberalism’ by tracing one source of
Dewey's economic thought to British New Liberal John Atkinson Hobson. General similarities are discussed first, followed by a presentation of Dewey's use of Hobson's theory of underconsumption during the Great Depression. It concludes by presenting Dewey's understanding of a liberalism that
had truly become corporate.
Keywords: John Atkinson Hobson; John Dewey; Pragmatism
Document Type: Research Article
Publication date: 01 August 2013
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