The Enigma of Capital: and the Crises of Capitalism

Paperback | August 23, 2011

byDavid Harvey

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For over forty years, David Harvey has been one of the world's most trenchant and critical analysts of capitalist development. In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world. Accompanying this was a shift towards privatization, an absolute decline in the bargaining power of labor, and the dispersion of production throughout the developing world. The decades-long and ongoing decline in wages that accompanied this turn produced a dilemma: how can goods - especially realestate - sell at the same rate as before if workers are making less in relative terms? The answer was a huge expansion of credit that fueled the explosive growth of both the financial industry and the real estate market. When one key market collapsed - real estate - the other one did as well, andsocial devastation resulted. Harvey places today's crisis in the broadest possible context: the historical development of global capitalism itself from the industrial era onward. Moving deftly between this history and the unfolding of the current crisis, he concentrates on how such crises both devastate workers and createopenings for challenging the system's legitimacy. The battle now will be between the still-powerful forces that want to reconstitute the system of yesterday and those that want to replace it with one that prizes social justice and economic equality. The new afterword focuses on the continuing impactof the crisis and the response to it in 2010.

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For over forty years, David Harvey has been one of the world's most trenchant and critical analysts of capitalist development. In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world. Accompanying this was a shift towards privatization, an a...

David Harvey is Distinguished Professor of Anthropology at the Graduate Center of the City University of New York. He is among the top twenty most cited authors in the humanities and is the world's most cited academic geographer. His books include The Limits to Capital, Social Justice and the City, and The Condition of Postmodernity, ...

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Format:PaperbackDimensions:304 pages, 9.25 × 6.12 × 0.68 inPublished:August 23, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199836841

ISBN - 13:9780199836840

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Table of Contents

Preamble1. The Disruption2. Capital Assembled3. Capital Goes to Work4. Capital Goes to Market5. Capital Evolves6. The Geography of It All7. Creative Destruction on the Land8. What is to be Done? And Who is Going to Do It?AfterwordAppendicesSources and Further ReadingIndex