Postindustrial Possibilities

Book excerpt: "Changing economic realities have outmoded much of traditional economic and social theory. Block has taken an inchoate concept and given it precision and force. His analyses of the new technologies are a major contribution to the revived field of 'economic sociology;' but they also contribute to the ongoing debates on industrial policy and the expansion of democratic decision-making."—Daniel Bell, Harvard University "Block's book marks the coming of age of economic sociology. By challenging the central concepts of neo-classical economics Block allows us to think in new ways about healthy economic growth in the context of a more democratic society. He provides a powerful and hopeful analysis of some of our most daunting problems."—Robert N. Bellah, co-author of Habits of the Heart "Block has undertaken the ambitious task of laying out the possibilities that lie within modern capitalism, but are obscured by the conventional perceptions of its economic structure and institutions. By closely examining these perceptions, ranging from labor and capital to that great tutelary deity, the market, Block enables us to see alternative arrangements for achieving qualitative economic growth. At a time when thinking about the future of advanced capitalism was ever more necessary or more difficult, Postindustrial Possibilities seems to me exactly the clear, critical, and constuctive vision that social theory needs."—Robert L. Heilbroner, New School for Social Research "From start to finish, this original and provocative book is impossible to put down. Postindustrial Possibilities clarifies and makes sense of our contemporary 'great transformation.' In so doing, it not only maps social reality incisively, it also provides a powerful critique of the tools in the kitbag of social science (the superb chapter on the market alone is worth the price of admission). At once normative, historical, and policy-oriented, the book suggests an alternative approach rooted in economic sociology that significantly broadens the scope of discussion about possible futures for the United States."—Ira Katznelson, New School for Social Research "A brilliant book that illuminates both the quandaries and possibilities of postindustrial society. Writing in the tradition of Karl Polyani, Fred Block provides a refreshing antidote to the triumphalism of free market ideology that dominates our era, and also lays the intellectual groundwork for alternative and more humane forms of economic organization."—Frances Fox Piven, City University of New York