The Limits to Capital New Edition review × 3

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The Limits to Capital provides one of to Capital eBook #8608 the best theoretical guides to the history and geography of capitalist development In this new edition Harvey updates his classic text with a substantial discussion. This has uite justifiably been elevated to the status of a ‘classic’ As Harvey states at the beginning of the introduction to the original edition “Everyone who studies Marx it is said feels compelled to write a book about the experience” This point is crucial reading this in the second decade of the 21st century we need to remember that it was first published in 1982 while we were in the middle of a different set of debates about Marxist economics and theory The dominant debate in academia was between the Althusser inspired ‘structural Marxists’ on the one hand and the ‘culturalists’ on the other in a debate about the limits of agency political struggles The global economy remained it seemed dominated by the OECD’s industrial capitalist model; only a few observers seemed to detect the underlying shifts in capitalism’s infrastructure towards increasing mobile speculative capital deployment The Soviet Union was still intact China was emerging from the post Mao struggles and the trial of the ‘Gang of Four’ symbolised as five – to include the ‘Great Helmsman’ while Deng Xiaoping had just launched the ‘Four Modernisations’ that were the precursors to the current model of one party state capitalism and across the world we had a series of national communist parties allied with the various tendencies in Marxist theory – ‘Moscow’s puppets’ the ‘China liners’ and ‘Albania acolytes’ and the various schisms and sects allied to strands of Trotskyism How times have changed I make this point because although Verso proclaim on the cover that this is ‘New and Fully Updated’ the sum total of this ‘updating’ seems to be a new introduction surveying the changes in the global economy since the first edition was published shame on you Verso – an extra on 20 pages in over 450 of text hardly merits this claim For the most part then we need to understand the conditions under which this was written and as a result the significance of its interjection into those debates I will not unpack those in any detail; the case made it too rich to do so anyway but will note that reading it in the context of the current crisis and the trauma brought to working people by the casino economy of finance capitalism reminds me of its prescience and how little I understood it when I first read it in the 1980s Eually importantly it reminds me that the institutions of finance capital were not acting irresponsibly in the lead up to and current crisis but were acting in a manner entirely consistent with the logic of finance capital That said the four things that I most admired this for in the 1980s remain the reasons I admire it now First this is a book about Marxist economics and theory that does not rely on Vol 1 of Capital and some of the other ‘classics’ but delves deeply into a much wider set of work including all three volumes with all their problems the Grundrisse and other technical writings In doing so Harvey also draws on other foundational and recent texts in Marxist theory It is this breadth of reading and scholarship that agree or not puts this head and shoulders above most other pieces of Marxist writing by recognising and engaging with the complexity of that work The other three aspects that impress me are its engagement work that shows limits to and the need to extend Marx’s analyses The first is the key role that analysis of the labour process plays in the first half of the book where Harvey outlines Marx’s approach This is distinctive but not uniue; Marx’s analysis starts with an exploration of the commodity form – the material output of capitalism – as the basis of his exploration of the operation of capitalism; too many of the works that deal sympathetically with Marx fail to get much further that the commodity and surplus value that is past parts of Vol One For Harvey it seems that is not enough and it isn’t – although I say that noting that my current work is exploring uestions of the labour process in immaterialculturalintellectual production so I may have a pre determined sympathy to this labour process focusThe second important thing in my reading is Harvey’s development of the idea of finance capital where in Marxist theory we had seen very little development since Lenin’s Imperialism the Highest Stage of Capitalism in 1917 which remained in many senses the classicorthodox Marxist analysis of finance capital This is an important exploration of significance of ‘fictitious capital’ and makes an important contribution to understanding current state of the global economy Then after a crucial discussion of the place and forms of rent in capitalism Harvey does what should be expected of a geographer; he explores place and space in capitalism Whereas the other great Marxist analyst of space Henri Lefebvre considers ways that capital produces space as a material and social form Harvey explores space as an aspect of capitalist production and in doing so extends Marxist thinking about imperialism Again I’ll confess a predisposition here through my work exploring immaterial labour as well as histories of empire and colonialism these two aspects of Marxist theory underpin much of my work by providing the material conditions for empire and accumulation through a focus on ‘accumulation by dispossession’ or ‘primitive accumulation’ as others call it Most crucially for me the contemporary enclosure of the cultural commons and with it the privatisation of collective cultural labour is central to capitalism’s current rapaciousness alongside the predatory casino logic of finance capitalism So 30 years later however much we may uibble with parts of this its prescience means its classic status is warranted as is the other claim on the cover where Fredric Jameson asserts its status as ‘a magisterial work’ It is both and deserves regular return visits

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The Limits to Capital New EditionOf the turmoil in world markets todayIn his analyses of ‘fictitious The Limits PDFEPUB or capital’ and ‘uneven geographical development’ Harvey takes the reader step by step through layers of crisis formation beginnin. Randal Samstag I will leave YOU to review this rather than me It's probably the first and last time I'll admit it on Goodreads but I myself simply haven't got adeuate verbal capacity to do this juggernaut justice in any review Economics is not my field I could talk about Harvey's vocabulary or his articulation I have the words for that But I do not possess the acumen to compare and contrast this author's Marxian analysis against other similar tomes which is what this review needsAll I can say is it is well written and well organized I gained a LOT out of it Discerning economic brains may not view the author as top tier but from where I stand he sure looks like it Maybe it doesn't matter The book is useful if not instrumental in assisting those uesting after Marx It is something to have read it I'm proud to have it on my shelf

David Harvey å 3 review

The Limits to Capital New Edition review × 3 ´ [PDF / Epub] ✩ The Limits to Capital New Edition ☉ David Harvey – The Limits to Capital provides one of the best theoretical guides to the history and geography of capitalist development In this new edition Harvey updates his classic text with aG with Marx’s controversial argument concerning the falling rate of profit moving through crises of credit and finance and closing with a timely analysis geopolitical and Limits to Capital MOBI #183 geographical consideratio. I get it it's supposed to be a thorough exegesis of Marxian ideas drawing together concepts from all three volumes of Capital plus the Grundrisse plus a bit of Lenin for good measure from Harvey's perspective especially in terms of economic analysis But it was a real 450 page dialectical slog and one in which I don't feel like I gained much Too much jargonizing too much abstraction not enough of the empirical booster shots that you need to make this kind of grand theory palatable Which is a shame in books like A Brief History of Neoliberalism and Social Justice and the City Harvey proves himself to be a much affable character one who can bring together theory and real world examples into a seamless whole To a certain degree I can't say much about how valid some of his elucidations of Marx's writing are because I haven't read a lot of Harvey's base texts no vols 2 3 of Capital no Grundrisse but I would still advise anyone to read Capital Vol 1 or a bit of Rosa Luxemburg or Harvey's other work for that matter instead