Brute Ideology

The field of U.S. history today is characterized by a mania for management. The “new” history of capitalism has focused its attention on the creation and daily reanimation of the grand abstraction from which it draws its title: the mid-level market makers who take capital and transform it into capitalism. In the aftermath of the 2008 financial crisis, increasing numbers of historians have turned their attention to the histories of powerful historical actors we have too long ignored or dismissed as “dead white men” unworthy of the attention of the properly progressive historian: financiers, bankers, and businessmen of all kinds. Despite the obvious importance of the task and the avowedly critical purpose of the turn towards the study of the mechanisms of market practice, however, some of the bolder claims that have been used to mark out the novelty of this “new” history seem unwarranted, perhaps even misguided.