The “Background Conditions” of the Hedge Fund in General Electric’s Schenectady: Reconsidering the “History of Capitalism”

David Nicholas Huyssen

The “Background Conditions” of the Hedge Fund in General Electric’s Schenectady: Reconsidering the “History of Capitalism”

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Abstract

This article applies Nancy Fraser’s theory of capitalism’s “background conditions” to a grassroots case study: the formative influences of Progressive-Era Schenectady’s social relations on the socialist who created the hedge fund, Alfred Winslow Jones. In showing how “capitalist” background conditions also depended on and cultivated socialist subjectivities that contributed to Jones’s creation of the hedge fund, it illustrates both value and limits in Fraser’s theory and the “history of capitalism” framework.

Original language	English
Article number	1
Pages (from-to)	1-23
Number of pages	22
Journal	Transatlantica
Volume	2020
Issue number	2
Early online date	22 Mar 2021
Publication status	E-pub ahead of print - 22 Mar 2021

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http://journals.openedition.org/transatlantica/15968Licence: CC BY-NC-ND

Cite this

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