Incisive and original, John Kenneth Galbraith wrote with an eloquence that burst the conventions of his discipline and won a readership none of his fellow economists could match. This Library of America volume, the first devoted to economics, gathers four of his key early works, the books that established him as one of the leading public intellectuals of the last century. In American Capitalism, Galbraith exposes with great panache the myth of American free-market competition. The idea that an impersonal market sets prices and wages, and maintains balance between supply and demand, remained so vital in American economic thought, Galbraith argued, because oligopolistic American businessmen never acknowledged their collective power. Also overlooked was the way that groups such as unions and regulatory agencies react to large oligopolies by exerting countervailing power—a concept that was the book’s lasting contribution. The Great Crash, 1929 offers a gripping account of the most legendary (and thus misunderstood) financial collapse in American history, as well as an inquiry into why it led to sustained depression. Galbraith posits five reasons: unusually high income inequality; a bad, overleveraged corporate structure; an unsound banking system; unbalanced foreign trade; and, finally, “the poor state of economic intelligence.” His account is a trenchant analysis of the 1929 crisis and a cautionary tale of ignorance and hubris among stock-market players; not surprisingly, the book was again a bestseller in the wake of the 2008 economic collapse. In The Affluent Society, the book that introduced the phrase “the conventional wisdom” into the American lexicon, Galbraith takes on a shibboleth of free-market conservatives and Keynesian liberals alike: the paramount importance of production. For Galbraith, the American mania for production continued even in an era of unprecedented affluence, when the basic needs of all but an impoverished minority had easily been met. Thus the creation of new and spurious needs through advertising—leading to skyrocketing consumer debt, and eventually a private sector that is glutted at the expense of a starved public sector. The New Industrial State stands as the most developed exposition of Galbraith’s major themes. Examining the giant postwar corporations, Galbraith argued that the “technostructure” necessary for such vast organizations—comprising specialists in operations, marketing, and R&D—is primarily concerned with reducing risk, not with maximizing profits; it perpetuates stability through “the planning system.” The book concludes with a prescient analysis of the “educational and scientific estate,” which prefigures the “information economy” that has emerged since the book was published. LIBRARY OF AMERICA is an independent nonprofit cultural organization founded in 1979 to preserve our nation’s literary heritage by publishing, and keeping permanently in print, America’s best and most significant writing. The Library of America series includes more than 300 volumes to date, authoritative editions that average 1,000 pages in length, feature cloth covers, sewn bindings, and ribbon markers, and are printed on premium acid-free paper that will last for centuries.

At the height of the Jazz Age, Ring Lardner was America’s most beloved humorist, equally admired by a popular audience and by literary friends like F. Scott Fitzgerald and Edmund Wilson. A sports writer who became a sensation with his comic baseball bestseller, You Know Me Al, Lardner had a rare gift for inspired nonsense and an ear attuned to the rhythms and hilarious oddities of American speech. He was also a sharp and dispassionate observer of the American scene. His best stories—among them such masterpieces as “Haircut,” “The Golden Honeymoon,” “A Caddy’s Diary,” and “The Love Nest”—cast a devastating eye on the hypocrisies, prejudices, and petty scheming of everyday life. In this Library of America edition, editor Ian Frazier surveys the whole sweep of Lardner’s talents, offering contemporary readers his finest stories, the full texts of You Know Me Al, The Big Town, and the long out-of-print The Real Dope, and a generous sampling of his humor pieces, sports reporting, song lyrics, and surrealist playlets. LIBRARY OF AMERICA is an independent nonprofit cultural organization founded in 1979 to preserve our nation’s literary heritage by publishing, and keeping permanently in print, America’s best and most significant writing. The Library of America series includes more than 300 volumes to date, authoritative editions that average 1,000 pages in length, feature cloth covers, sewn bindings, and ribbon markers, and are printed on premium acid-free paper that will last for centuries.

A showcase of the extraordinary career America’s first Black novelist and pivotal figure in African American literature “It is difficult to imagine any one of his contemporaries who contributed as much or as richly to so many genres.” —Henry Louis Gates Jr. Born a slave and kept functionally illiterate until he escaped at age nineteen, William Wells Brown (1814–1884) refashioned himself first as an agent of the Underground Railroad, then as an antislavery activist and self-taught orator, and finally as the author of a series of landmark works that made him, like Frederick Douglass, a foundational figure of African American literature. His controversial novel Clotel; or, the President’s Daughter (1853), a fictionalized account of the lives and struggles of Thomas Jefferson’s black daughters and granddaughters, is the first novel written by an African American. This Library of America volume brings it together with Brown’s other groundbreaking works: Narrative of William W. Brown: A Fugitive Slave, Written by Himself (1847), his first published book and an immediate bestseller, which describes his childhood, life in slavery, and eventual escape; later memoirs charting his life during the Civil War and Reconstruction; the first play (The Escape; or, A Leap for Freedom, 1858), travelogue (The American Fugitive in Europe, 1855), and history (The Black Man, His Antecedents, His Genius, and His Achievements, 1862) written by an African American; and eighteen speeches and public letters from the 1840s, 50s, and 60s, many collected here for the first time. LIBRARY OF AMERICA is an independent nonprofit cultural organization founded in 1979 to preserve our nation’s literary heritage by publishing, and keeping permanently in print, America’s best and most significant writing. The Library of America series includes more than 300 volumes to date, authoritative editions that average 1,000 pages in length, feature cloth covers, sewn bindings, and ribbon markers, and are printed on premium acid-free paper that will last for centuries.

The first complete anthology of short stories by “the creator of the American short story”— includes the landmark collection Winesburg, Ohio (Michael Dirda, Pulitzer Prize–winning book critic) In the winter of 1912, Sherwood Anderson (1876–1941) abruptly left his office and spent three days wandering through the Ohio countryside, a victim of “nervous exhaustion.” Over the next few years, abandoning his family and his business, he resolved to become a writer. Novels and poetry followed, but it was with the story collection Winesburg, Ohio that he found his ideal form, remaking the American short story for the modern era. Hart Crane, one of the first to recognize Anderson’s genius, quickly hailed his accomplishment: “America should read this book on her knees.” Here—for the first time in a single volume—are all the collections Anderson published during his lifetime: Winesburg, Ohio (1919), The Triumph of the Egg (1921), Horses and Men (1923), and Death in the Woods (1933), along with a generous selection of stories left uncollected or unpublished at his death. Exploring the hidden recesses of small-town life, these haunting, understated, often sexually frank stories pivot on seemingly quiet moments when lives change, futures are recast, and pasts come to reckon. They transformed the tone of American storytelling, inspiring writers like Hemingway, Faulkner, and Mailer, and defining a tradition of midwestern fiction that includes Charles Baxter, editor of this volume. LIBRARY OF AMERICA is an independent nonprofit cultural organization founded in 1979 to preserve our nation’s literary heritage by publishing, and keeping permanently in print, America’s best and most significant writing. The Library of America series includes more than 300 volumes to date, authoritative editions that average 1,000 pages in length, feature cloth covers, sewn bindings, and ribbon markers, and are printed on premium acid-free paper that will last for centuries.

For the 150th anniversary of the Emancipation Proclamation, here is a collection of writings that charts our nation’s long, heroic confrontation with its most poisonous evil. It’s an inspiring moral and political struggle whose evolution parallels the story of America itself. To advance their cause, the opponents of slavery employed every available literary form: fiction and poetry, essay and autobiography, sermons, pamphlets, speeches, hymns, plays, even children’s literature. This is the first anthology to take the full measure of a body of writing that spans nearly two centuries and, exceptionally for its time, embraced writers black and white, male and female. Benjamin Franklin, Thomas Paine, Phillis Wheatley, and Olaudah Equiano offer original, even revolutionary, eighteenth century responses to slavery. With the nineteenth century, an already diverse movement becomes even more varied: the impassioned rhetoric of Frederick Douglass and William Lloyd Garrison joins the fiction of Harriet Beecher Stowe, Louisa May Alcott, and William Wells Brown; memoirs of former slaves stand alongside protest poems by John Greenleaf Whittier, Henry Wadsworth Longfellow, and Lydia Sigourney; anonymous editorials complement speeches by statesmen such as Charles Sumner and Abraham Lincoln. Features helpful notes, a chronology of the antislavery movement, and a16-page color insert of illustrations. LIBRARY OF AMERICA is an independent nonprofit cultural organization founded in 1979 to preserve our nation’s literary heritage by publishing, and keeping permanently in print, America’s best and most significant writing. The Library of America series includes more than 300 volumes to date, authoritative editions that average 1,000 pages in length, feature cloth covers, sewn bindings, and ribbon markers, and are printed on premium acid-free paper that will last for centuries.

Abraham lincoln measured the promise—and cost—of American freedom in lucid and extraordinarily moving prose, famous for its native wit, simple dignity of expressions, and peculiarly American flavor. This volume, with its companion, Abraham Lincoln: Speeches and Writing 1859–1865, comprises the most comprehensive selection ever published. over 240 speeches, letters, and drafts take Lincoln from rural law practice to national prominence, and chart his emergence as an eloquent antislavery advocate and defender of the constitution. included are the complete Lincoln-Douglas debates, perhaps the most famous confrontation in American political history.

This comprehensive collection of writings from the War of Independence poses a “subtle but profound challenge to much that we think we know about the founders and their era” (Los Angeles Times) Drawn from letters, diaries, newspaper articles, public declarations, contemporary narratives, and private memoranda, this Library of America volume brings together over 120 pieces by more than seventy participants and eyewitnesses to create a unique literary panorama of the War of Independence. Beginning with Paul Revere’s own narrative of his legendary ride in April 1775 and ending with a moving account of George Washington’s resignation from the command of the Continental Army in December 1783, the volume contains writing that describes the major events of the conflict—the early battles of Lexington, Concord, and Bunker Hill; the failed American invasion of Canada; the 1776 campaign in New York and New Jersey; the crucial battle of Saratoga; the bitter fighting in the South and along the western frontier; and the decisive triumph at Yorktown. Included are writings by famous figures—Washington Franklin, Jefferson, Benedict Arnold, John and Abigail Adams—and by lesser known participants: Samuel Blachley Webb describing courage and panic at Bunker Hill; Sarah Hodgkins writing longingly to her absent soldier husband; Jabez Fitch recounting the last hours of a wounded American officer in Brooklyn; Albigence Waldo chronicling the privations and miseries of Valley Forge; Otho Holland Williams recording with appealing candor American defeats and victories in South Carolina. The volume also contains writings by American Loyalists and by British officers and officials serving in America that provide provocative insights into the losing side of an epochal conflict. All selections are written by people who were in America at the time of the conflict. The American Revolution also includes a chronology of events, biographical and explanatory notes, and an index.