Marx, Capital, and the Madness of Economic Reason

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Oxford University Press, Nov 7, 2017 - Business & Economics - 236 pages
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In Marx, Capital, and the Madness of Economic Reason, David Harvey-Capital's greatest expositor-explains one of the most important political and economic texts of the nineteenth century in readily understandable terms.Karl Marx's Capital is one of the most important texts written in the modern era. Since 1867, when the first of its three volumes was published, it has had a profound effect on politics and economics in theory and practice throughout the world. But Marx wrote in the context of capitalism in thesecond half of the nineteenth century: his assumptions and analysis need to be updated in order to address to the technological, economic, and industrial change that has followed Capital's initial publication.In Marx, Capital, and the Madness of Economic Reason, David Harvey not only provides a concise distillation of his famous course on Capital, but also makes the text relevant to the twenty-first century's continued processes of globalization. Harvey shows the work's continuing analytical power, doingso in the clearest and simplest terms but never compromising its depth and complexity. Marx, Capital, and the Madness of Economic Reason provides an accessible window into Harvey's unique approach to Marxism and takes readers on a riveting roller coaster ride through recent global history. It demonstrates how and why Capital remains a living, breathing document with an outsizedinfluence on contemporary social thought.
 

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Contents

1 The Visualisation of Capital as Value in Motion
1
2 Capital the book
24
3 Money as the Representation of Value
51
The Theory of Devaluation
72
5 Prices without Values
94
6 The Question of Technology
107
7 The Space and Time of Value
127
8 The Production of Value Regimes
154
9 The Madness of Economic Reason
172
Coda
207
Notes and references
211
Acknowledgements
227
Index
229
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About the author (2017)


David Harvey is Distinguished Professor of Anthropology at the City University of New York Graduate School, where he has taught since 2001. His course on Marx's Capital, developed with students over 40 years, has been downloaded by over two million people since appearing online in 2008. He is also the author of The Enigma of Capital, A Brief History of Neoliberalism, and The Ways of the World.