Results by title

The story of a bold political experiment in nineteenth-century France to establish power through finance. 

Amid the rise of industrial capitalism and revolutionary upheaval, French reformers asserted that finance should be reimagined as an instrument of economic and social transformation rather than left to the logic of private profit and speculation. In the 1850s, under Napoleon III’s authoritarian regime, this vision took institutional form as the Bonapartist state strategically deployed finance, broadened market participation, and sponsored new banks with the promise of directing investment toward infrastructure and industry. Yet this effort to harness and mobilize capital ran into a problem: The financial markets refused to be tamed. 
 
Drawing on rich archival sources—from police surveillance and courtroom transcripts to investment manuals and petitions for incorporation—Capital Untamed reveals how the financial markets became an instrument of political power, frustrated state ambitions, and ultimately escaped attempts at mastery. In this striking debut, historian Charlotte Robertson shows how the French state and its citizens navigated a turbulent era of European capitalism animated by debates over the social purpose of financial capital. Ultimately, politicians’ efforts to establish legitimacy by reorganizing finance—and their confrontations with the limits of that project—set the stage for a form of modern discontent with the financial system that survives to this day.

The United States presents the greatest source of global geo-political violence and instability. Guided by the radical political economy tradition, this book offers an analysis of the USA’s historical impulse to weaponize communication technologies.

Scott Timcke explores the foundations of this impulse and how the militarization of digital society creates structural injustices and social inequalities. He analyses how new digital communication technologies support American paramountcy and conditions for worldwide capital accumulation. Identifying selected features of contemporary American society, Capital, State, Empire undertakes a materialist critique of this digital society and of the New American Way of War. At the same time it demonstrates how the American security state represses activists—such as Black Lives Matter—who resist this emerging security leviathan. The book also critiques the digital positivism behind the algorithmic regulation used to control labour and further diminish prospects for human flourishing for the ‘99%’.

Capital, State, Empire contributes to a broader understanding of the dynamics of global capitalism and political power in the early 21st century.

The history of the modern social sciences can be seen as a series of attempts to confront the challenges of social disorder and revolution wrought by the international expansion of capitalist social relations. Alexander Anievas focuses on one particularly significant aspect of this story: the intersocietal or geosocial origins of the two world wars, and, more broadly, the confluence of factors behind the Thirty Years’ Crisis between 1914 and 1945.

Anievas presents the Thirty Years’ Crisis as a result of the development of global capitalism with all its destabilizing social and geopolitical consequences, particularly the intertwined and co-constitutive nature of imperial rivalries, social revolutions, and anti-colonial struggles. Building on the theory of uneven and combined development, he unites geopolitical and sociological explanations into a single framework, thereby circumventing the analytical stalemate between primacy of domestic politics and primacy of foreign policy approaches.

Most scholarship on nineteenth-century America’s transformation into a market society has focused on consumption, romanticized visions of workers, and analysis of firms and factories. Building on but moving past these studies, Capitalism Takes Command presents a history of family farming, general incorporation laws, mortgage payments, inheritance practices, office systems, and risk management—an inventory of the means by which capitalism became America’s new revolutionary tradition.

From the 1960s to the 1990s the ground-breaking Japanese economists Kozo Uno and Thomas Sekine developed a masterful reconfiguration of Marxist economics. The most well-known aspect of which is the levels of analysis approach to the study of capitalism.

Written in Japanese, the Uno-Sekine approach to Marx's work is little understood in West. John Bell seeks to correct this, explaining how problematic elements of Marxian Political Economy such as the law of value and the law of relative surplus population can be solved by using a more rigorous dialectical analysis.

Bell's clear and accessible synthesis provides economists with the tools to interrogate capitalism in a more powerful way than ever before.

Are nations that are journeying away from communism succeeding in becoming free-market democracies? In what ways do decades of totalitarian rule continue to distort the institutional shape of these societies? Which of communism's legacies may remain as permanent features of their landscape? In an effort to answer these questions, Roman Frydman, Kenneth Murphy, and Andrzej Rapaczynski analyze the turbulent transitions that have taken place in the post-Communist world since the revolutions of 1989-1991.

Each of the essays in this collection dissects the institutional upheaval in a particular institution in transition, such as central banking, the trade union movement, capital markets, or corporate govern-ance. In a lively and accessible style, the authors bring out the links between what was and what will be in the social fabric of Eastern Europe and the former Soviet Union. They expose the fragility of political and economic institutions that can easily threaten the region's rebirth, but they also believe that many post-Communist countries are successfully seizing the opportunity to become reunited with the West and the global economy.

With both sweeping perspective and critical depth, Frydman, Murphy, and Rapaczynski show the wide range of institutional improvisations under way. They weigh the advantages and disadvantages of different reform strategies and assess the role of politics in fostering or arresting the process of transformation. Each essay illuminates the pro-found difficulties of reconciling the needs of economic development with the special interests fighting for their survival.

Using Marx as a touchstone, Timothy W. Luke warns that if communities are not to be overwhelmed by new class economic and political agendas, then the practice of democracy must be reconstituted on a more populist basis. However, the galvanizing force for this new, more community-centered populism will not be the proletariat, as Marx predicted, nor contemporary militant patriotic groups. Rather, Luke argues that many groups unified by a concern for ecological justice present the strongest potential opposition to capitalism.

Wide-ranging and lucid, Capitalism, Democracy, and Ecology is essential reading in the age of information.

In the troubled days before the American Civil War, both Northern protectionists and Southern free trade economists saw political economy as the key to understanding the natural laws on which every republican political order should be based. They believed that individual freedom was one such law of nature and that this freedom required a market economy in which citizens could freely pursue their particular economic interests and goals.

But Northern and Southern thinkers alike feared that the pursuit of wealth in a market economy might lead to the replacement of the independent producer by the wage laborer. A worker without property is a potential rebel, and so the freedom and commerce that give birth to such a worker would seem to be incompatible with preserving the content citizenry necessary for a stable, republican political order.

Around the resolution of this dilemma revolved the great debate on the desirability of slavery in this country. Northern protectionists argued that independent labor must be protected at the same time that capitalist development is encouraged. Southern free trade economists answered that the formation of a propertyless class is inevitable; to keep the nation from anarchy and rebellion, slavery—justified by racism—must be preserved at any cost.

Battles of the economists such as these left little room for political compromise between North and South as the antebellum United States confronted the corrosive effects of capitalist development. And slavery's retardant effect on the Southern economy ultimately created a rift within the South between those who sought to make slavery more like capitalism and those who sought to make capitalism more like slavery.

FINALIST FOR THE GREGORY BATESON PRIZE FROM THE AMERICAN ANTHROPOLOGICAL ASSOCIATION

Dispelling stereotypes about garment workers in the global apparel industry

Castoffs of Capital examines how female garment workers experience their work and personal lives within the stranglehold of global capital. Drawing on fieldwork in Bangladesh, anthropologist Lamia Karim focuses attention onto the lives of older women aged out of factory work, heretofore largely ignored, thereby introducing a new dimension to the understanding of a female-headed workforce that today numbers around four million in Bangladesh.

Bringing a feminist labor studies lens, Castoffs of Capital foregrounds these women not only as workers but as mothers, wives, sisters, lovers, friends, and political agents. Focusing on relations among work, gender, and global capital’s targeting of poor women to advance its market penetration, Karim shows how women navigate these spaces by adopting new subject formations. She locates these women’s aspirations for the “good life” not only in material comforts but also in their longings for love and sexual fulfillment that help them momentarily forget the precarity of their existence under the shadow of capital.

Through richly detailed ethnographic studies, this innovative and beautifully written book examines the making and unmaking of these women’s wants and desires, loves and tribulations, hopes and despairs, and triumphs and struggles.

Why does the American federal government seem to prioritize elite capitalist interests over those of other groups? Class Politics and the Creation of the American State draws on a wide range of sources—personal letters, official government documents, private notes, and newspaper articles—to reveal that the federal government was built to give the emerging capitalist elite a way to consolidate and institutionalize their power. Challenging both liberal and conservative interpretations about what the US Constitution means, this book tells a new story about how the American state took shape.

The framers of the Constitution constructed an image of the state, enshrined in the Constitution, that presented their power as universal: a system meant to serve all Americans equally. This image helped legitimize the new order, even if the rising capitalist class stood to benefit most of all. Since the United States of the late 1780s was not yet a fully capitalist society, the state that was built opened space for less capitalistically incorporated social classes, including some artisans and yeoman farmers, to have limited representation. Class Politics and the Creation of the American State shows how the structure of the early American state worked primarily to advance capitalist interests, while incorporating other groups enough to maintain a sense of broad representation and inclusion.

‘An authoritative analysis of the role of communication in contemporary capitalism and an important contribution to debates about the forms of domination and potentials for liberation in today’s capitalist society.’ — Professor Michael Hardt, Duke University, co-author of the tetralogy Empire, Commonwealth, Multitude, and Assembly

‘A comprehensive approach to understanding and transcending the deepening crisis of communicative capitalism. It is a major work of synthesis and essential reading for anyone wanting to know what critical analysis is and why we need it now more than ever.’ — Professor Graham Murdock, Emeritus Professor, University of Loughborough and co-editor of The Handbook of Political Economy of Communications

Communication and Capitalism outlines foundations of a critical theory of communication. Going beyond Jürgen Habermas’ theory of communicative action, Christian Fuchs outlines a communicative materialism that is a critical, dialectical, humanist approach to theorising communication in society and in capitalism. The book renews Marxist Humanism as a critical theory perspective on communication and society.

The author theorises communication and society by engaging with the dialectic, materialism, society, work, labour, technology, the means of communication as means of production, capitalism, class, the public sphere, alienation, ideology, nationalism, racism, authoritarianism, fascism, patriarchy, globalisation, the new imperialism, the commons, love, death, metaphysics, religion, critique, social and class struggles, praxis, and socialism.

Fuchs renews the engagement with the questions of what it means to be a human and a humanist today and what dangers humanity faces today.

Thomas Frank coined the term ‘the conquest of cool’. This book shows how this conquest is at the heart of the dynamics of contemporary capitalism.

Jim McGuigan argues that 'cool capitalism' incorporates disaffection into capitalism itself, absorbing rebellion and thereby neutralising opposition to the present system of culture and society.

McGuigan explores a huge variety of cultural examples, from the sleek images of mainstream advertising, to the fringes of artistic production, offering a vigourous critique of our understanding of subversion, resistance and counter-culturalism.

Has capitalism really colonised our planet? McGuigan shows that there is still some space left for rebellion against the seductive power of the free market economy.