This volume was Cole's first major work of political economy in almost a decade and it effectively positioned him as a mainstream Fabian who sought to stabilize capitalism before progressing socialism by essentially statist means. Influenced by J A Hobson and Maynard Keynes the imperative for Cole became the formulation of a strategy which would mitigate the suffering of the masses and lay the basis for socialist advance.
Table of Contents
1. Politics, Old and New 2. British Trade and the Future 3. The Unemployed 4. The Restoration of Industry 5. The New Capitalism 6. Rationalisation 7. Socialisation 8. Workers’ Control 9. Wages –Family Allowances-Population 10. The Supply of Capital 11. Banks and Credit 12. Agriculture and the Land 13. The Control of Trade and Prices 14. The Empire – Foreign Affairs 15. Local Government 16. Education 17. The Labour Budget – Debt and Taxation 18. The Labour Budget – Expenditure 19. The Next Labour Government 20. Conclusions. Appendices. Index.