Money and Modernity: Pound, Williams, and the Spirit of Jefferson

Marsh locates Pound and Williams firmly in the Jeffersonian tradition and examines their epic poems as manifestations of a Jeffersonian ideology in modernist terms.



The modernist poets William Carlos Williams and Ezra Pound were latter-day Jeffersonians whose politics and poetry were strongly marked by the populism of the late 19th century. They were sharply aware of the social contradictions of modernization and were committed to a highly politicized, often polemical poetry that criticized finance capitalism and its institutions—notably banks—in the strongest terms.


Providing a history of the aesthetics of Jeffersonianism and its collision with modernism in the works of Pound and Williams, Alec Marsh traces "the money question" from the republican period through the 1940s. Marsh can thus read two modernist epics—Pound's Cantos and Williams's Paterson—as the poets hoped they would be read, as attempts to break the hold of "false" financial values on the American imagination.


Marsh argues that Pound's and Williams's similar Jeffersonian outlooks were the direct result of the political battles of the 1890s concerning the meaning of money. Although Pound's interest in money and economics is well known, few people are aware that both poets were active in the Social Credit monetary-reform movement of the 1930s and 1940s, a movement shown by Marsh to have direct links to Jeffersonianism via American populism.  Ultimately, the two poets took divergent paths, with Pound swerving toward Italian fascism (as exemplified in his Jefferson and/or Mussolini) and Williams becoming deeply influenced by the American pragmatism of John Dewey. Thus, Marsh concludes, Pound embraced the fascist version of state-capitalism whereas his old friend proclaimed a pragmatic openness to the new selves engendered by corporate capitalism.


Money and Modernity exemplifies the best of recent literary criticism in its incorporation of American studies and cultural studies approaches to bring new insight to modern masterworks.
1103233703
Money and Modernity: Pound, Williams, and the Spirit of Jefferson

Marsh locates Pound and Williams firmly in the Jeffersonian tradition and examines their epic poems as manifestations of a Jeffersonian ideology in modernist terms.



The modernist poets William Carlos Williams and Ezra Pound were latter-day Jeffersonians whose politics and poetry were strongly marked by the populism of the late 19th century. They were sharply aware of the social contradictions of modernization and were committed to a highly politicized, often polemical poetry that criticized finance capitalism and its institutions—notably banks—in the strongest terms.


Providing a history of the aesthetics of Jeffersonianism and its collision with modernism in the works of Pound and Williams, Alec Marsh traces "the money question" from the republican period through the 1940s. Marsh can thus read two modernist epics—Pound's Cantos and Williams's Paterson—as the poets hoped they would be read, as attempts to break the hold of "false" financial values on the American imagination.


Marsh argues that Pound's and Williams's similar Jeffersonian outlooks were the direct result of the political battles of the 1890s concerning the meaning of money. Although Pound's interest in money and economics is well known, few people are aware that both poets were active in the Social Credit monetary-reform movement of the 1930s and 1940s, a movement shown by Marsh to have direct links to Jeffersonianism via American populism.  Ultimately, the two poets took divergent paths, with Pound swerving toward Italian fascism (as exemplified in his Jefferson and/or Mussolini) and Williams becoming deeply influenced by the American pragmatism of John Dewey. Thus, Marsh concludes, Pound embraced the fascist version of state-capitalism whereas his old friend proclaimed a pragmatic openness to the new selves engendered by corporate capitalism.


Money and Modernity exemplifies the best of recent literary criticism in its incorporation of American studies and cultural studies approaches to bring new insight to modern masterworks.
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Money and Modernity: Pound, Williams, and the Spirit of Jefferson

Money and Modernity: Pound, Williams, and the Spirit of Jefferson

by Alec Marsh
Money and Modernity: Pound, Williams, and the Spirit of Jefferson

Money and Modernity: Pound, Williams, and the Spirit of Jefferson

by Alec Marsh

Paperback(First Edition, First Edition)

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Marsh locates Pound and Williams firmly in the Jeffersonian tradition and examines their epic poems as manifestations of a Jeffersonian ideology in modernist terms.



The modernist poets William Carlos Williams and Ezra Pound were latter-day Jeffersonians whose politics and poetry were strongly marked by the populism of the late 19th century. They were sharply aware of the social contradictions of modernization and were committed to a highly politicized, often polemical poetry that criticized finance capitalism and its institutions—notably banks—in the strongest terms.


Providing a history of the aesthetics of Jeffersonianism and its collision with modernism in the works of Pound and Williams, Alec Marsh traces "the money question" from the republican period through the 1940s. Marsh can thus read two modernist epics—Pound's Cantos and Williams's Paterson—as the poets hoped they would be read, as attempts to break the hold of "false" financial values on the American imagination.


Marsh argues that Pound's and Williams's similar Jeffersonian outlooks were the direct result of the political battles of the 1890s concerning the meaning of money. Although Pound's interest in money and economics is well known, few people are aware that both poets were active in the Social Credit monetary-reform movement of the 1930s and 1940s, a movement shown by Marsh to have direct links to Jeffersonianism via American populism.  Ultimately, the two poets took divergent paths, with Pound swerving toward Italian fascism (as exemplified in his Jefferson and/or Mussolini) and Williams becoming deeply influenced by the American pragmatism of John Dewey. Thus, Marsh concludes, Pound embraced the fascist version of state-capitalism whereas his old friend proclaimed a pragmatic openness to the new selves engendered by corporate capitalism.


Money and Modernity exemplifies the best of recent literary criticism in its incorporation of American studies and cultural studies approaches to bring new insight to modern masterworks.

Product Details

ISBN-13: 9780817356958
Publisher: University of Alabama Press
Publication date: 09/23/2011
Edition description: First Edition, First Edition
Pages: 312
Product dimensions: 6.00(w) x 8.90(h) x 1.00(d)

About the Author

Alec Marsh is Professor of English at Muhlenberg College in Allentown, Pennsylvania.

Table of Contents

Prefaceix
Acknowledgmentsxi
Abbreviationsxv
Introduction1
1.Jeffersonian Economics: Debt and the Production of Value11
2.Three Aspects of the Jeffersonian Political Aesthetic42
3.The Virtues of Distribution: A Genealogy of Poundian Economics68
4.Fertility Rites/Financial Rites: Pound, Williams, and the Political Economy of Sex111
5.Poesis Versus Production: The Economic Defense of Poetry in the Age of Corporate Capitalism139
6.Dewey, Williams, and the Pragmatic Poem164
7.Overcoming Modernity: Representing the Corporation and the Promise of Pluralism217
Notes243
Bibliography269
Index281
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