In the fall of 1938, Alfred Winslow Jones, a Columbia University graduate student, interviewed 1,705 Akron, Ohio, residents in order to gauge attitudes toward large corporations. Jones selected Akron because it was "crucial," a hotbed of labor unrest and conflict between large manufacturing firms and their employees, where the sit-down strike in particular had polarized the community. If rigid class lines existed anywhere, they ought to be evident in Akron.

Jones discovered, however, that the polarization so evident in the workplace and in local politics had had only a minimal effect on underlying attitudes and values, even on controversial subjects such as the rights of corporations. One reviewer described his findings as "a most heartening testimonial to the vitality of our democracy.".

Life, Liberty, and Property reports the actual comments of a broad range of Akron interviewees. Their statements provide a compelling and often colorful commentary on life in a divided and anxious midwestern city.