Invisible Hands: The Businessmen's Crusade Against the New Deal

by Kim Phillips-Fein

Overview

“A compelling and readable story of resistance to the new economic order.” —Boston Globe

In the wake of the profound economic crisis known as the Great Depression, a group of high-powered individuals joined forces to campaign against the New Deal—not just its practical policies but the foundations of its economic philosophy. The titans of the National Association of Manufacturers and the chemicals giant DuPont, together with little-known men like W. C. Mullendore, Leonard Read, and Jasper Crane, championed European thinkers Friedrich von Hayek and Ludwig von Mises and their fears of the “nanny state.” Through fervent activism, fundraising, and institution-building, these men sought to educate and organize their peers as a political force to preserve their profit margins and the “American way” of doing business. In the public relations department of General Electric, they would find the perfect spokesman: Ronald Reagan.

Product Details

ISBN-13:	9780393337662
Publisher:	Norton, W. W. & Company, Inc.
Publication date:	01/11/2010
Edition description:	Reprint
Pages:	384
Product dimensions:	5.50(w) x 8.20(h) x 1.10(d)

About the Author

Kim Phillips-Fein is the author of Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics, a finalist for the Pulitzer Prize, and Invisible Hands: The Businessmen’s Crusade Against the New Deal. She teaches history at New York University's Gallatin School of Individualized Study, and has written for The Nation, Dissent, The Baffler, The Atlantic, and The New York Times, among other publications. She lives in New York City.

Editorial Reviews

Invisible Hands is a brilliant, lucid, meticulously researched account ofthe politics of business conservatism. Kim Phillips-Fein’s work is pathbreaking. For anyone who wants to understand the triumph of the conservative order during the past quarter century, Invisible Hands is a must read.”

Steve Fraser

With ferocious archival spadework and a sharply honed critical intelligence, this study shifts the agenda of history-writing about American conservatism and marks a new stage in its maturity. A very important book.

Rick Perlstein

A fascinating account of how important wealthy donors were to the rise and success of conservatism…While many historians have focused on the role of ideas, activists, and politicians, this work takes us to the people who put their money where their mouths were.

Huffington Post

Kim Phillips-Fein’s Invisible Hands persuasively shows how anti–New Deal business interests helped create a new political conservatism after 1945. It is essential reading on the history of contemporary American politics, and especially on the origins of Ronald Reagan’s ascendancy.”

Sean Wilentz

Here is the true story of the businessmen’s crusade: how organized money built a movement, found its voice, honed its strategies, and, after years of struggle, returned in triumph…Kim Phillips-Fein’s archival work is nothing short of phenomenal.

Thomas Frank

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