Hobson and the Socialist Tradition

Abstract

The overall objective of this chapter is to get a better ‘fix’ on the ‘spirit of Hobson’ — the meaning and character of his thought. This may help us to understand more clearly Hobson’s historical and contemporary significance — indeed why he is worth commemorating! First, I deal with two interpretations, one in effect emphasising his socialist (non-Marxist) credentials, the other firmly locating Hobson within the liberal tradition. Second, I will attempt to show that both these perspectives misunderstand either the nature or the trajectory of the Hobsonian project. Third, I shall indicate a number of its inherent weaknesses. Finally, I will argue that Hobson, as an important contributor to the socialist tradition, has a contemporary resonance for socialists faced with the challenge of neo-liberal ideology, both Eastern and Western.

I would like to thank John King for his helpful comments on this chapter.