Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism was originally supposed to accomplish exactly what was soon denounced as its worst feature: the repression of the passions in favor of the "harmless," if one-dimensional, interests of commercial life. To portray this lengthy ideological change as an endogenous process, Hirschman draws on the writings of a large number of thinkers, including Montesquieu, Sir James Steuart, and Adam Smith.

    In describing their own experiences, the authors illustrate the fate of leftism around the world. Andr' Gide (France), Richard Wright (the United States), Ignazio Silone (Italy), Stephen Spender (England), Arthur Koestler (Germany), and Louis Fischer, an American foreign correspondent, all tell how their search for the betterment of humanity led them to communism, and the personal agony and revulsion which then caused them to reject it. David Engerman's new foreword to this central work of our time recounts the tumultuous events of the era, providing essential background. It also describes the book's origins and impact, the influence of communism in American intellectual life, and how the events described in The God That Failed continue to affect public discourse today.