front cover of The Academy of Fisticuffs
The Academy of Fisticuffs
Political Economy and Commercial Society in Enlightenment Italy
Sophus A. Reinert
Harvard University Press, 2018

The terms “capitalism” and “socialism” continue to haunt our political and economic imaginations, but we rarely consider their interconnected early history. Even the eighteenth century had its “socialists,” but unlike those of the nineteenth, they paradoxically sought to make the world safe for “capitalists.” The word “socialists” was first used in Northern Italy as a term of contempt for the political economists and legal reformers Pietro Verri and Cesare Beccaria, author of the epochal On Crimes and Punishments. Yet the views and concerns of these first socialists, developed inside a pugnacious intellectual coterie dubbed the Academy of Fisticuffs, differ dramatically from those of the socialists that followed.

Sophus Reinert turns to Milan in the late 1700s to recover the Academy’s ideas and the policies they informed. At the core of their preoccupations lay the often lethal tension among states, markets, and human welfare in an era when the three were becoming increasingly intertwined. What distinguished these thinkers was their articulation of a secular basis for social organization, rooted in commerce, and their insistence that political economy trumped theology as the underpinning for peace and prosperity within and among nations.

Reinert argues that the Italian Enlightenment, no less than the Scottish, was central to the emergence of political economy and the project of creating market societies. By reconstructing ideas in their historical contexts, he addresses motivations and contingencies at the very foundations of modernity.

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Accounting for Capitalism
The World the Clerk Made
Michael Zakim
University of Chicago Press, 2018
The clerk attended his desk and counter at the intersection of two great themes of modern historical experience: the development of a market economy and of a society governed from below. Who better illustrates the daily practice and production of this modernity than someone of no particular account assigned with overseeing all the new buying and selling? In Accounting for Capitalism, Michael Zakim has written their story, a social history of capital that seeks to explain how the “bottom line” became a synonym for truth in an age shorn of absolutes, grafted onto our very sense of reason and trust.

This is a big story, told through an ostensibly marginal event: the birth of a class of “merchant clerks” in the United States in the middle of the nineteenth century. The personal trajectory of these young men from farm to metropolis, homestead to boarding house, and, most significantly, from growing things to selling them exemplified the enormous social effort required to domesticate the profit motive and turn it into the practical foundation of civic life. As Zakim reveals in his highly original study, there was nothing natural or preordained about the stunning ascendance of this capitalism and its radical transformation of the relationship between “Man and Mammon.” 
 
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Accounting for Slavery
Masters and Management
Caitlin Rosenthal
Harvard University Press, 2018

A Five Books Best Economics Book of the Year
A Politico Great Weekend Read


“Absolutely compelling.”
—Diane Coyle

“The evolution of modern management is usually associated with good old-fashioned intelligence and ingenuity…But capitalism is not just about the free market; it was also built on the backs of slaves.”
Forbes

The story of modern management generally looks to the factories of England and New England for its genesis. But after scouring through old accounting books, Caitlin Rosenthal discovered that Southern planter-capitalists practiced an early form of scientific management. They took meticulous notes, carefully recording daily profits and productivity, and subjected their slaves to experiments and incentive strategies comprised of rewards and brutal punishment. Challenging the traditional depiction of slavery as a barrier to innovation, Accounting for Slavery shows how elite planters turned their power over enslaved people into a productivity advantage. The result is a groundbreaking investigation of business practices in Southern and West Indian plantations and an essential contribution to our understanding of slavery’s relationship with capitalism.

“Slavery in the United States was a business. A morally reprehensible—and very profitable business…Rosenthal argues that slaveholders…were using advanced management and accounting techniques long before their northern counterparts. Techniques that are still used by businesses today.”
Marketplace

“Rosenthal pored over hundreds of account books from U.S. and West Indian plantations…She found that their owners employed advanced accounting and management tools, including depreciation and standardized efficiency metrics.”
Harvard Business Review

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Africa in the World
Capitalism, Empire, Nation-State
Frederick Cooper
Harvard University Press, 2014

At the Second World War’s end, it was clear that business as usual in colonized Africa would not resume. W. E. B. Du Bois’s The World and Africa, published in 1946, recognized the depth of the crisis that the war had brought to Europe, and hence to Europe’s domination over much of the globe. Du Bois believed that Africa’s past provided lessons for its future, for international statecraft, and for humanity’s mastery of social relations and commerce. Frederick Cooper revisits a history in which Africans were both empire-builders and the objects of colonization, and participants in the events that gave rise to global capitalism.

Of the many pathways out of empire that African leaders envisioned in the 1940s and 1950s, Cooper asks why they ultimately followed the one that led to the nation-state, a political form whose limitations and dangers were recognized by influential Africans at the time. Cooper takes account of the central fact of Africa’s situation—extreme inequality between Africa and the western world, and extreme inequality within African societies—and considers the implications of this past trajectory for the future. Reflecting on the vast body of research on Africa since Du Bois’s time, Cooper corrects outdated perceptions of a continent often relegated to the margins of world history and integrates its experience into the mainstream of global affairs.

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After Capitalism
Horizons of Finance, Culture, and Citizenship
Ferguson, Kennan
Rutgers University Press, 2016
From Thomas Piketty to David Harvey, scholars are increasingly questioning whether we are entering into a post-capitalist era. If so, does this new epoch signal the failure of capitalism and emergence of alternative systems? Or does it mark the ultimate triumph of capitalism as it evolves into an unstoppable entity that takes new forms as it engulfs its opposition? 
 
After Capitalism brings together leading scholars from across the academy to offer competing perspectives on capitalism’s past incarnations, present conditions, and possible futures.  Some contributors reassess classic theorizations of capitalism in light of recent trends, including real estate bubbles, debt relief protests, and the rise of a global creditocracy. Others examine Marx’s writings, unemployment, hoarding, “capitalist realism,” and coyote (trickster) capitalism, among many other topics. Media and design trends locate the key ideologies of the current economic moment, with authors considering everything from the austerity aesthetics of reality TV to the seductive smoothness of liquid crystal. 
 
Even as it draws momentous conclusions about global economic phenomena, After Capitalism also pays close attention to locales as varied as Cuba, India, and Latvia, examining the very different ways that economic conditions have affected the relationship between the state and its citizens. Collectively, these essays raise provocative questions about how we should imagine capitalism in the twenty-first century. Will capitalism, like all economic systems, come to an end, or does there exist in history or elsewhere a hidden world that is already post-capitalist, offering alternative possibilities for thought and action?  
 
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front cover of Against Capital in the Twenty-First Century
Against Capital in the Twenty-First Century
A Reader of Radical Undercurrents
John Asimakopoulos
Temple University Press, 2018

The problems of capitalism have been studied from Karl Marx to Thomas Piketty. The latter has recently confirmed that the system of capital is deeply bound up in ever-growing inequality without challenging the continuance of that system. Against Capital in the Twenty-First Century presents a diversity of analyses and visions opposed to the idea that capital should have yet another century to govern human and non-human resources in the interest of profit and accumulation. The editors and contributors to this timely volume present alternatives to the whole liberal litany of administered economies, tax policy recommendations, and half-measures. They undermine and reject the logic of capital, and the foregone conclusion that the twenty-first century should be given over to capital just as the previous two centuries were.

Providing a deep critique of capitalism, based on assessment from a wide range of cultural, social, political, and ecological thinking, Against Capital in the Twenty-First Century insists that transformative, revolutionary, and abolitionist responses to capital are even more necessary in the twenty-first century than they ever were.

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front cover of The Age of Addiction
The Age of Addiction
How Bad Habits Became Big Business
David T. Courtwright
Harvard University Press, 2019

“A mind-blowing tour de force that unwraps the myriad objects of addiction that surround us…Intelligent, incisive, and sometimes grimly entertaining.”
—Rod Phillips, author of Alcohol: A History


“A fascinating history of corporate America’s efforts to shape our habits and desires.”
Vox


We live in an age of addiction, from compulsive gaming and shopping to binge eating and opioid abuse. Sugar can be as habit-forming as cocaine, researchers tell us, and social media apps are deliberately hooking our kids. But what can we do to resist temptations that insidiously rewire our brains? A renowned expert on addiction, David Courtwright reveals how global enterprises have both created and catered to our addictions. The Age of Addiction chronicles the triumph of what he calls “limbic capitalism,” the growing network of competitive businesses targeting the brain pathways responsible for feeling, motivation, and long-term memory.

“Compulsively readable…In crisp and playful prose and with plenty of needed humor, Courtwright has written a fascinating history of what we like and why we like it, from the first taste of beer in the ancient Middle East to opioids in West Virginia.”
American Conservative

“A sweeping, ambitious account of the evolution of addiction…This bold, thought-provoking synthesis will appeal to fans of ‘big history’ in the tradition of Guns, Germs, and Steel.”
Publishers Weekly

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Alien Capital
Asian Racialization and the Logic of Settler Colonial Capitalism
Iyko Day
Duke University Press, 2016
In Alien Capital Iyko Day retheorizes the history and logic of settler colonialism by examining its intersection with capitalism and the racialization of Asian immigrants to Canada and the United States. Day explores how the historical alignment of Asian bodies and labor with capital's abstract and negative dimensions became one of settler colonialism's foundational and defining features. This alignment allowed white settlers to gloss over and expunge their complicity with capitalist exploitation from their collective memory. Day reveals this process through an analysis of a diverse body of Asian North American literature and visual culture, including depictions of Chinese railroad labor in the 1880s, filmic and literary responses to Japanese internment in the 1940s, and more recent examinations of the relations between free trade, national borders, and migrant labor. In highlighting these artists' reworking and exposing of the economic modalities of Asian racialized labor, Day pushes beyond existing approaches to settler colonialism as a Native/settler binary to formulate it as a dynamic triangulation of Native, settler, and alien populations and positionalities.
 
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The Alienated Subject
On the Capacity to Hurt
James A. Tyner
University of Minnesota Press, 2022

A timely and provocative discussion of alienation as an intersectional category of life under racial capitalism and white supremacy
 

From the divisiveness of the Trump era to the Covid-19 pandemic, alienation has become an all-too-familiar contemporary concept. In this groundbreaking book, James A. Tyner offers a novel framework for understanding the alienated subject, situating it within racial capitalism and white supremacy. Directly addressing current economic trends and their rhetoric of xenophobia, discrimination, and violence, The Alienated Subject exposes the universal whitewashing of alienation. 

Drawing insight from a variety of sources, including Marxism, feminism, existentialism, and critical race theory, Tyner develops a critique of both the liberal subject and the alienated subject. Through an engagement with the recent pandemic and the Black Lives Matter movement, he demonstrates how the alienated subject is capable of both compassion and cruelty; it is a sadomasochist. Tyner goes on to emphasize the importance of the particular places we find the alienated subject and how the revolutionary transformation of alienation is inherently a spatial struggle. Returning to key interlocutors from Sartre to Fromm, he examines political notions of distance and the spatial practices of everyday life as well as the capitalist conditions that give rise to the alienated subject.

For Tyner, the alienated subject is not the iconic, romanticized image of Marx’s proletariat. Here he calls for an affirmation of love as a revolutionary concept, necessary for the transformation of a society marred by capitalism into an emancipated, caring society conditioned by socially just relations.

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front cover of Allies of the State
Allies of the State
China's Private Entrepreneurs and Democratic Change
Jie Chen and Bruce J. Dickson
Harvard University Press, 2010
Jie Chen and Bruce J. Dickson draw on extensive fieldwork as they explore the extent to which China’s private sector supports democracy, surveying more than 2,000 entrepreneurs in five coastal provinces with over 70 percent of China’s private enterprises.The authors examine who the private entrepreneurs are, how the party-state shapes this group, and what their relationship to the state is. China’s entrepreneurs are closely tied to the state through political and financial relationships, and these ties shape their views toward democracy. While most entrepreneurs favor multi-candidate elections under the current one-party system, they do not support a system characterized by multi-party competition and political liberties, including the right to demonstrate. The key to regime support lies in the capitalists’ political beliefs and their assessment of the government’s policy performance. China’s capitalists tend to be conservative and status-quo oriented, not likely to serve as agents of democratization.This is a valuable contribution not only to the debates over the prospects for democracy in China but also to understanding the process of democratization around the globe.
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front cover of The Already Dead
The Already Dead
The New Time of Politics, Culture, and Illness
Eric Cazdyn
Duke University Press, 2012
In The Already Dead, Eric Cazdyn examines the ways that contemporary medicine, globalization, politics, and culture intersect to produce a condition and concept that he names "the new chronic." Cazdyn argues that just as contemporary medicine uses targeted drug therapies and biotechnology to manage rather than cure diseases, global capitalism aims not for resolution but rather for a continual state of crisis management that perpetuates the iniquities of the status quo. Engaging critical theory, philosophy, and psychoanalysis, he explores the ways that crisis affects perceptions of time and denies alternative ways of being and thinking.

To resist the exploitative crisis state, which Cazdyn terms "the global abyss," he posits the concept of "the already dead," a condition in which the subject (medical, political, psychological) has been killed but has yet to die. Embracing this condition, he argues, allows for a revolutionary consciousness open to a utopian future. Woven into Cazdyn's analysis are personal anecdotes about his battle with leukemia and his struggle to obtain Canadian citizenship during his illness. These narratives help to illustrate his systemic critique, one that reconfigures the relationship between politics, capitalism, revolution, and the body.

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front cover of The American Dream Is Not Dead
The American Dream Is Not Dead
(But Populism Could Kill It)
Michael R. Strain
Templeton Press, 2020

Populists on both sides of the political aisle routinely announce that the American Dream is dead. According to them, the game has been rigged by elites, workers can’t get ahead, wages have been stagnant for decades, and the middle class is dying. 

Michael R. Strain, director of economic policy studies at the American Enterprise Institute, disputes this rhetoric as wrong and dangerous. In this succinctly argued volume, he shows that, on measures of economic opportunity and quality of life, there has never been a better time to be alive in America. He backs his argument with overwhelming—and underreported—data to show how the facts favor realistic optimism.

He warns, however, that the false prophets of populism pose a serious danger to our current and future prosperity. Their policies would leave workers worse off. And their erroneous claim that the American Dream is dead could discourage people from taking advantage of real opportunities to better their lives. If enough people start to believe the Dream is dead, they could, in effect, kill it. To prevent this self-fulfilling prophecy, Strain’s book is urgent reading for anyone feeling the pull of the populists. 

E. J. Dionne and Henry Olsen provide spirited responses to Strain’s argument.

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front cover of The American Ethos
The American Ethos
Public Attitudes toward Capitalism and Democracy
Herbert McClosky and John Zaller
Harvard University Press, 1984
American political values of the 1980s are vividly defined in The American Ethos. Herbert McClosky and John Zaller provide a comprehensive display of dramatic survey findings—of Americans en masse and of leadership groups—and historical material to trace the evolution of public attitudes toward the defining elements of the American political tradition.
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front cover of The Anti-Capitalist Chronicles
The Anti-Capitalist Chronicles
David Harvey
Pluto Press, 2020

Amidst waves of economic crises, health crises, class struggle and neo-fascist reaction, few possess the clarity and foresight of world-renowned theorist, David Harvey. Since the publication of his bestselling A Brief History of Neoliberalism, Harvey has been tracking the evolution of the capitalist system as well as tides of radical opposition rising against it. In The Anti-Capitalist Chronicles, Harvey introduces new ways of understanding the crisis of global capitalism and the struggles for a better world.


While accounting for violence and disaster, Harvey also chronicles hope and possibility. By way of conversations about neoliberalism, capitalism, globalization, the environment, technology, social movements and crises like COVID-19, he outlines, with characteristic brilliance, how socialist alternatives are being imagined under very difficult circumstances.


In understanding the economic, political and social dimensions of the crisis, Harvey’s analysis in The Anti-Capitalist Chronicles will be of strategic importance to anyone wanting to both understand and change the world.

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Antinomies of Modernity
Essays on Race, Orient, Nation
Vasant Kaiwar and Sucheta Mazumdar, eds.
Duke University Press, 2003
Antinomies of Modernity asserts that concepts of race, Orient, and nation have been crucial to efforts across the world to create a sense of place, belonging, and solidarity in the midst of the radical discontinuities wrought by global capitalism. Emphasizing the continued salience at the beginning of the twenty-first century of these supposedly nineteenth-century ideas, the essays in this volume stress the importance of tracking the dynamic ways that race, Orient, and nation have been reworked and used over time and in particular geographic locations.

Drawing on archival sources and fieldwork, the contributors explore aspects of modernity within societies of South Asia, the Middle East, and Africa. Whether considering how European ideas of Orientalism became foundational myths of Indian nationalism; how racial caste systems between blacks, South Asians, and whites operate in post-apartheid South Africa; or how Indian immigrants to the United States negotiate their identities, these essays demonstrate that the contours of cultural and identity politics did not simply originate in metropolitan centers and get adopted wholesale in the colonies. Colonial and postcolonial modernisms have emerged via the active appropriation of, or resistance to, far-reaching European ideas. Over time, Orientalism and nationalist and racialized knowledges become indigenized and acquire, for all practical purposes, a completely "Third World" patina. Antinomies of Modernity shows that people do make history, constrained in part by political-economic realities and in part by the categories they marshal in doing so.

Contributors.
Neville Alexander, Andrew Barnes, Vasant Kaiwar, Sucheta Mazumdar, Minoo Moallem, Mohamad Tavakoli-Targhi, A. R. Venkatachalapathy, Michael O. West

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Anti-Oedipus
Capitalism and Schizophrenia
Gilles Deleuze
University of Minnesota Press, 1983

front cover of Archaism and Actuality
Archaism and Actuality
Japan and the Global Fascist Imaginary
Harry Harootunian
Duke University Press, 2023
In Archaism and Actuality eminent Marxist historian Harry Harootunian explores the formation of capitalism and fascism in Japan as a prime example of the uneven development of capitalism. He applies his theorization of subsumption to examine how capitalism integrates and redirects preexisting social, cultural, and economic practices to guide the present. This subsumption leads to a global condition in which states and societies all exist within different stages and manifestations of capitalism. Drawing on Japanese philosophers Miki Kiyoshi and Tosaka Jun, Marxist theory, and Gramsci’s notion of passive revolution, Harootunian shows how the Meiji Restoration of 1868 and its program dedicated to transforming the country into a modern society exemplified a unique path to capitalism. Japan’s capitalist expansion in the nineteenth and twentieth centuries, rise as an imperial power, and subsequent transition to fascism signal a wholly distinct trajectory into modernity that forecloses any notion of a pure or universal development of capitalism. With Archaism and Actuality, Harootunian offers both a retheorization of capitalist development and a reinterpretation of epochal moments in modern Japanese history.
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front cover of Art and Postcapitalism
Art and Postcapitalism
Aesthetic Labour, Automation and Value Production
Dave Beech
Pluto Press, 2019
Artistic labour was exemplary for Utopian Socialist theories of 'attractive labour', and Marxist theories of 'nonalienated labour', but the rise of the anti-work movement and current theories of 'fully automated luxury communism' have seen art topple from its privileged place within the left's political imaginary as the artist has been reconceived as a prototype of the precarious 24/7 worker. Art and Postcapitalism argues that art remains essential for thinking about the intersection of labour, capitalism and postcapitalism not insofar as it merges work and pleasure but as an example of noncapitalist production. Reassessing the contemporary politics of work by revisiting debates about art, technology and in the nineteenth and twentieth century, Dave Beech challenges the aesthetics of labour in John Ruskin, William Morris and Oscar Wilde with a value theory of the supersession of capitalism that sheds light on the anti-work theory by Silvia Federici, Andre Gorz, Kathi Weeks and Maurizio Lazzarato, as well as the technological Cockayne of Srnicek and Williams and Paul Mason. Formulating a critique of contemporary postcapitalism, and developing a new understanding of art and labour within the political project of the supersession of value production, this book is essential for activists, scholars and anyone interested in the real and imagined escape routes from capitalism.
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front cover of Art and Postcapitalism
Art and Postcapitalism
Aesthetic Labour, Automation and Value Production
Dave Beech
Pluto Press, 2019
Artistic labour was exemplary for Utopian Socialist theories of 'attractive labour', and Marxist theories of 'nonalienated labour', but the rise of the anti-work movement and current theories of 'fully automated luxury communism' have seen art topple from its privileged place within the left's political imaginary as the artist has been reconceived as a prototype of the precarious 24/7 worker. Art and Postcapitalism argues that art remains essential for thinking about the intersection of labour, capitalism and postcapitalism not insofar as it merges work and pleasure but as an example of noncapitalist production. Reassessing the contemporary politics of work by revisiting debates about art, technology and in the nineteenth and twentieth century, Dave Beech challenges the aesthetics of labour in John Ruskin, William Morris and Oscar Wilde with a value theory of the supersession of capitalism that sheds light on the anti-work theory by Silvia Federici, Andre Gorz, Kathi Weeks and Maurizio Lazzarato, as well as the technological Cockayne of Srnicek and Williams and Paul Mason. Formulating a critique of contemporary postcapitalism, and developing a new understanding of art and labour within the political project of the supersession of value production, this book is essential for activists, scholars and anyone interested in the real and imagined escape routes from capitalism.
[more]

front cover of Augmented Exploitation
Augmented Exploitation
Artificial Intelligence, Automation and Work
Phoebe Moore
Pluto Press, 2021
Artificial Intelligence is a seemingly neutral technology, but it is increasingly used to manage workforces and make decisions to hire and fire employees. Its proliferation in the workplace gives the impression of a fairer, more efficient system of management. A machine can't discriminate, after all. Augmented Exploitation explores the reality of the impact of AI on workers' lives. While the consensus is that AI is a completely new way of managing a workplace, the authors show that, on the contrary, AI is used as most technologies are used under capitalism: as a smokescreen that hides the deep exploitation of workers. Going beyond platform work and the gig economy, the authors explore emerging forms of algorithmic governance and AI-augmented apps that have been developed to utilise innovative ways to collect data about workers and consumers, as well as to keep wages and worker representation under control. They also show that workers are not taking this lying down, providing case studies of new and exciting form of resistance that are springing up across the globe.
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Austerity Ireland
The Failure of Irish Capitalism
Kieran Allen and Brian O'Boyle
Pluto Press, 2013
Ireland has been marketed as the poster boy of EU austerity. EU elites and neoliberal commentators claim that the country’s ability to suffer economic pain will attract investors and generate a recovery.

In Austerity Ireland, Kieran Allen challenges this official image and argues that the Irish state's response to the crash has primarily been designed to protect economic privilege. The resulting austerity has been a failure and is likely to produce a decade of hardship.

The book offers a deeply informed and penetrating diagnosis of Ireland's current socio-economic and political malaise, suggesting that a political earthquake is underway which may benefit the left. Austerity Ireland is essential reading for all students of Irish politics and economics, as well as those interested in the politics of austerity and the eurozone crisis.
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