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Hobson and the Socialist Tradition

In: J. A. Hobson after Fifty Years

Author

Listed:
  • Jules Townshend

Abstract

The overall objective of this chapter is to get a better ‘fix’ on the ‘spirit of Hobson’ — the meaning and character of his thought. This may help us to understand more clearly Hobson’s historical and contemporary significance — indeed why he is worth commemorating! First, I deal with two interpretations, one in effect emphasising his socialist (non-Marxist) credentials, the other firmly locating Hobson within the liberal tradition. Second, I will attempt to show that both these perspectives misunderstand either the nature or the trajectory of the Hobsonian project. Third, I shall indicate a number of its inherent weaknesses. Finally, I will argue that Hobson, as an important contributor to the socialist tradition, has a contemporary resonance for socialists faced with the challenge of neo-liberal ideology, both Eastern and Western.

Suggested Citation

  • Jules Townshend, 1994. "Hobson and the Socialist Tradition," Palgrave Macmillan Books, in: John Pheby (ed.), J. A. Hobson after Fifty Years, chapter 3, pages 34-52, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-23213-0_3
    DOI: 10.1007/978-1-349-23213-0_3
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