- Paperback: 320 pages
- Publisher: Oxford University Press; 2 edition (September 14, 2011)
- Language: English
- ISBN-10: 0199836841
- ISBN-13: 978-0199836840
- Product Dimensions: 9.1 x 0.9 x 6.1 inches
- Shipping Weight: 14.4 ounces (View shipping rates and policies)
- Average Customer Review: 4.0 out of 5 stars See all reviews (35 customer reviews)
- Amazon Best Sellers Rank: #414,978 in Books (See Top 100 in Books)
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The Enigma of Capital: and the Crises of Capitalism 2nd Edition
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From Publishers Weekly
"At times of crisis," notes eminent Marxist geographer Harvey (Spaces of Global Capitalism), "the irrationality of capitalism becomes plain for all to see." Harvey excels at a revealing and constructive analysis of global capitalism at a moment when its integration--and the attendant widespread susceptibility to its disruptions and downturns--has never been tighter or the post–cold war Western economic model for the world economy more discredited. The narrative delineates with admirable clarity the arcane details of the current financial crisis, while rehearsing the rise of capitalism as a historically specific "process" plagued by fundamental dilemmas. A Marxist perspective comes augmented and nuanced by wide reference to scholarship, close readings of Marx and Engels, and instructive examples of capitalismÖs basic tendencies in episodes like Henry FordÖs notorious Fordlandia venture in the Amazon. While certain to be controversial even on the broad left, HarveyÖs analysis joins other recent attempts (such as Raj PatelÖs The Value of Nothing) to re-think the current economic and political regime from its roots, while identifying and variously championing ready alternatives already manifesting themselves within it.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the Hardcover edition.
Harvey, longtime academic teaching Karl Marx’s Das Capital, discusses capital flow, which is the lifeblood of all capitalist societies, spreading throughout the world like blood circulating through the human body, noting that the body dies when the blood flow stops. The author contends that many economists, executives, and politicians may not fully understand the nature of capital flows as the global institutions and lenders suck the life blood out of people everywhere, especially the poor, and central bankers’ actions result in excess liquidity, falsely believing such transfusions will cure capital-flow problems. We learn about the disruptions and destruction of capital flow and the author’s suggested guiding norms (which he readily admits are utopian), including respect for nature, radical equality in social relations, and technological and organizational innovations oriented toward the common good rather than supporting military power and corporate greed. Although this is clearly a view from the Left, and all readers will not agree with Harvey, he nevertheless offers thought-provoking analysis and ideas in this excellent but challenging book. --Mary Whaley --This text refers to the Hardcover edition.
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Top Customer Reviews
The book focuses on analyzing capitalism as it presents itself now - there is not much political commentary in terms of opposition to capitalism, except for some general comments at the end. This avoids, as too many Marxist economic books do, the question of realistic alternatives. It also does not pay particular attention to the 'prehistory' of capital. But both of these are very irrelevant objections, as the virtue of this book is not to be yet another rehash of things that have been done very well by others already. Its virtue is in integrating the analysis of space, crisis, and capital into a work for a general public that is hostile to Marxist terminology and skeptical about economists in general (both probably with good reason). For that reason alone, this book comes with warm recommendation - even more when combined with his other recent major works, "The Limits to Capital" (The Limits to Capital (New and updated edition)) which works at a more in-depth theoretical level, and his companion to Marx's Capital (A Companion to Marx's Capital).
I was particularly impressed with the final chapter, as anyone with such a cogent criticism must be able to imagine a better world. Harvey answers the eternal question "What is to be done?" with a pragmatic and undogmatic response that recognizes the variability that necessitate a multi-pronged approach to moving to a post-capitalistic world that looks to the future and not the past. I am still pessimistic about the short term future, but it is hard to have too much pessimism when there are talented individuals like David Harvey out in the world teaching and writing - I just hope more people start listening.