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“Americans have lost faith in the possibility of self-government, and they are frightened by the disintegration of community they see happening all around them. Twenty-six years since Democracy’s Discontent was first published, Sandel writes that this way of thinking has brought us to a political precipice―a moment when the combination of frayed social bonds and intense political polarization calls into question the very future of the American experiment.”―Win McCormack, New Republic

“Few books are as relevant a quarter-century after their appearance as when published―but Michael Sandel has made his classic Democracy’s Discontent even more so. Rethinking how the political economy of the middle of the twentieth century has mutated to the detriment of American citizenship, substituting consumerism and globalization for community and self-rule, this is a touchstone study for our times.”―Samuel Moyn, author of Not Enough: Human Rights in an Unequal World

“Michael Sandel’s deeply insightful analysis of the erosion of the political economy of citizenship has never been more timely than at the present moment. Essential―and ultimately hopeful―reading for all those who wonder if our democratic experiment will survive in the twenty-first century.”―Greta R. Krippner, author of Capitalizing on Crisis: The Political Origins of the Rise of Finance

Chapter Page
Preface to the New Edition xi
Preface to the Original Edition xiii
Introduction to the New Edition: Democracy's Peril 1
1. The Political Economy of Citizenship 10
2. Economics and Virtue in the Early Republic 18
3. Free Labor versus Wage Labor 64
4. Community, Self-Government, and Progressive Reform 107
5. Liberalism and the Keynesian Revolution 170
6. The Triumph and Travail of the Procedural Republic 201
Conclusion: In Search of a Public Philosophy 250
Epilogue: What Went Wrong: Capitalism and Democracy since the 1990s 284
Notes 343
Index 399

A renowned political philosopher updates his classic book on the American political tradition to address the perils democracy confronts today.

The 1990s were a heady time. The Cold War had ended, and America’s version of liberal capitalism seemed triumphant. And yet, amid the peace and prosperity, anxieties about the project of self-government could be glimpsed beneath the surface.

So argued Michael Sandel, in his influential and widely debated book Democracy’s Discontent, published in 1996. The market faith was eroding the common life. A rising sense of disempowerment was likely to provoke backlash, he wrote, from those who would “shore up borders, harden the distinction between insiders and outsiders, and promise a politics to ‘take back our culture and take back our country,’ to ‘restore our sovereignty’ with a vengeance.”

Now, a quarter century later, Sandel updates his classic work for an age when democracy’s discontent has hardened into a country divided against itself. In this new edition, he extends his account of America’s civic struggles from the 1990s to the present. He shows how Democrats and Republicans alike embraced a version of finance-driven globalization that created a society of winners and losers and fueled the toxic politics of our time.

In a work celebrated when first published as “a remarkable fusion of philosophical and historical scholarship” (Alan Brinkley), Sandel recalls moments in the American past when the country found ways to hold economic power to democratic account. To reinvigorate democracy, Sandel argues in a stirring new epilogue, we need to reconfigure the economy and empower citizens as participants in a shared public life.