Why We Don’t Need a “New” History of Capitalism (October 2023)

Was a single industry – cotton – the primary driver of American economic development in the 19th century, and thus the basis of wealth today? This is the claim behind what have become known as the "New Histories of Capitalism." While the New York Times version is the most visible today, it has a long lineage. What's brought these economically suspect arguments back to the forefront of public discourse?

Phil Magness leads this Liberty Matters discussion in a quest to answer these questions.