David Harvey: The Limits to Capital New Edition



Kindle Pdf The Limits to Capital New Edition Ô David Harvey – chernov–art.com

David Harvey eminds me of the hidden Christians of Tokugawa Japan who performed their sacred ites clandestinely for the centuries in which their eligion was banned Harvey has been eading and using Marx through all those cold years not so clandestinely I guess and one has to admire him for eally eading Marx not just adopting a Marxist line even when it was out of fashion and for producing an exciting Marxist work in such a hostile environmentThis work is of the analyze Marx to find the irreconcilable aporias in capital school and here he lays the groundwork that he so effortlessly employs in his eally eadable books like A Brief History of Neoliberalism a much better companion to capital than his companion to capital Harvey s book first published in 1982 epresents a big segment of the project he has been working throughout his long career as a teacher to make the later writings of Marx intelligible to a new audienceIt is a considerable challenge The work he is particularly interested in has only one volume which was completed by Marx and published in his lifetime what has come to be known as volume one of Capital With its emphasis on the production of commodities under the conditions of capitalism it epresented a good first cut formulation of a grand theory of the system But as Harvey explains capitalism has first and foremost to be understood as a process ather than a igid structure one in which all its components could be epresented as a portion of a universal value and which euired if the system was to maintain its propensity to accumulate and grow these values to become detached from the things with which they were once conterminous and to circulate in other guises and formsThe problem for those who wish to follow through the logic of these thoughts in the way intended by Marx himself is that his investigation of the greater part of the systems of circulation through distribution credit ent and state power where never completed and instead take the form of voluminous sets of notebooks principally the Grundrisse and the three volumes of Theories of Surplus Value Together with the second and third volumes of Capital edited from Marx s notes by Engels and published after his death these form a challenging though patently incomplete survey of the terrain which the master intended to coverCompiling his own work in the 1970s Harvey has had the advantage of one hundred years of Marxist scholarship to aid him in his eview of the direction which Marx was himself taking in his studies The debate on whether the labour theory of value was correct the difficulties around the transformation problem by which value becomes expressed as price the nature of landed property and the value it yields in the form of ent the allocation of capital between the various departments of production and have been fiercely contested across this time The outcome of these disputes. 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 a substantial discussio.

Has been the establishment of Marxism as a tendency of economic and philosophical thinking ather than an exact science or dogma Harvey is less interested in what Marx would have made it all than the uestion of whether his approach aids in providing an adeuate description of capitalism across its history through to contemporary times His view is that it does and that even the controversial labour theory of value provides a good guide to understanding the development of the crisis phases of the systemThe points which emerge with particular clarity in this account are from my point of view twofold The first concerns the way in which as a condition for accumulation capital is euired to constantly manage devaluation as well as the ealisation of profit Being euired to ealise the latter within a definite span of time maintaining the circulation of value through its different forms as variable fixed and exchange means amongst other things euires a constant selling off of its units below the amount of socially necessary labour time which it embodies During a phase dominated by growth this euirement to devalue is manageable and contributes to the ealisation of value as money capital in sufficient proportions to compensate for its losses in fixed and variable forms But when the system moves into its periodic generalised crises the moment of the destruction of capital becomes uppermost and the conditions of ecession take full oldThe second point concerns the spaces of capitalism and the ways in which countries egions and cities are organised to express moments within the global circulation of capital The under developed theories of imperialism are supposed to explain the ways in which over accumulation is elieved by capital seeking new opportunities to invest abroad creating surplus value by aising the levels of involvement of previously marginal labour supplies in market driven economic activities This is a approach which would be improved by a better understanding of the ways in which space is organised within the developed metropolitan egions to draw in labour allow it to enter workplaces at ates of emuneration adeuate to the conditions of life how the pooling of the costs of welfare health transport and education are met and the ole which civil society plays in bringing about these outcomes In all of these areas Harvey suggests new lines of inuiry and esearch which would strengthen the Marxism and take it to second and third cut theories of accumulation and crisisBut what should be most appreciated about this work is Harvey s insistence on the ultimate objective of Marxism which is to probe the system of capitalism to its limits to determine the points at which its transformation into a new type of economy and society might be possible This book is a step along the journey towards understanding how fundamental change in society might just be possible which aft. N of the turmoil in world markets todayIn his analyses of ‘fictitious capital’ and ‘uneven geographical development’ Harvey takes the eader step by step through layers of crisis formation begin.

David Harvey ´ 3 eview

Er all was the whole point of Marx s endeavour Randal Samstag I will leave YOU to eview this ather 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 eview 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 eview 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 ead it I m proud to have it on my shelf David Harvey s book is the best synthesis of Marx s contributions to political economy I ve ead one that goes beyond Capital itself to incorporate insights from Marx s other works such as the Grundrisse and Theories of Surplus Value I turned to this work just after eading vol 1 2 of Capital with the aid of Harvey s video lecture series I m so glad because I think it helped further consolidate my understanding of Marx s thought While this is a tougher ead than his The Enigma of Capital Harvey s analysis of the economic crisis of 2007 2008 I think this book is definitely the best kind of introductory overview you could give to an intellectual person of Marxian thought provided you have just a little background in eading philosophy political theory andor critical social theoryBut Harvey goes beyond that to provide a critiue of some of the weaker aspects of Marx s thought such as the crisis theory based upon the law of the falling ate of profit and he even fleshes out some areas where Marx made some interesting beginning insights but left us without a completely coherent theory In this vein Harvey s development of the concept of finance capital is an important exploration of significance of fictitious capital and makes an important contribution to understanding current state of the global economy considering this book was originally written in the early 80s this section is astounding in its prescience in the light of ecent history and the trauma brought to working people by the casino economy of finance capitalismBut given Harvey s area of expertise as a geographer it is not surprising that his most intriguing insights are into the effects of time and space in the flow of capital and uneven geographic development in the process he actually strengthens and extends Marxist thinking about the problems of colonialism and imperialism In short Harvey s work actually makes valuable contributions to Marxist and adical thought making it must eading for all leftists and progressive activists of any stripe. Ning with Marx’s controversial argument concerning the falling ate of profit moving through crises of credit and finance and closing with a timely analysis geopolitical and geographical consideration.

David Harvey born 1935 is the Distinguished Professor of Anthropology at the Graduate Center of the City University of New York CUNY A leading social theorist of international standing he graduated from University of Cambridge with a PhD in Geography in 1961 He is the world's most cited academic geographer according to Andrew Bodman see Transactions of the IBG 19911992 and the author