The mythology of nineteenth-century American economic exceptionalism trumpeted the positive work incentives prevailing in a society of scarce labor, weak class barriers, and abundant opportunity. This ideology agreed with the optimistic vein of political economy, in which high wages went hand in hand with increased productivity. What, then, was the supposed role of poverty, the fear of poverty, and other -negative- work incentives in the era of early industrial capitalism and escalating sectional conflict over slavery? American Exceptionalism, American Anxiety examines a wide...
The mythology of nineteenth-century American economic exceptionalism trumpeted the positive work incentives prevailing in a society of scarce labor...