By Henry Heller
Within the mild of the deepening predicament of capitalism and persevered non-Western capitalist accumulation, Henry Heller re-examines the debates surrounding the transition from feudalism to capitalism in Europe and elsewhere. Focusing on arguments in regards to the foundation, nature, and sustainability of capitalism, Heller bargains a brand new analyzing of the old facts and a serious interrogation of the transition debate. He advances the concept that capitalism needs to be understood as a political in addition to an financial entity. This ebook breathes new existence into the scholarship, taking factor with the excessively economistic strategy of Robert Brenner, which has won expanding help over the past ten years. It concludes that the way forward for capitalism is extra threatened than ever before. The new insights during this publication make it crucial studying for engaged scholars and students of political economic system and history.
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Extra info for The Birth of Capitalism: A 21st Century Perspective (Future of World Capitalism)
Example text
They are, of course, inadequate, especially in the light of the enormous progress made in historical research. Marx, for example, had only the vaguest conception of the factors behind the decline of feudalism: that is, the class struggles of the late Middle Ages. In Engels’s account of the German Peasant War, to take another instance, the author has little sense of the extraordinary development of manufacturing in Germany prior to the Reformation. On the other hand, the works of Marx and Engels, surprisingly to a present-day professional historian, continue to offer many important insights into the historical and especially the theoretical basis of the transition.
18 Marx’s conception of capitalism and its chief elements was rooted or immanent in historical development and cannot be understood apart from it. Thus the categories that constitute capitalist commodities – use value, competitive markets, money, exchange value and value, private property, capital and abstract and concrete labour – not only have a history, they emerge in it, from it. Moreover, such concepts as value or abstract labour have a real social existence. On the other hand, writing in the middle of the nineteenth century, Marx was preoccupied with analyzing these concepts in order to reveal the logic of capitalist accumulation.
On the other hand, it is important to try to do so, as Anderson suggests, if only to better comprehend the facts of the past, and particularly those which are pertinent to the historical problem at hand. The concrete facts of historical narrative ought properly to be illuminated by a sense of the theory that stands behind them, and vice versa. Thompson and Anderson also had another disagreement relevant for us. In producing what is perhaps the masterpiece of Marxist historiography, The Making of the English Working Class, Thompson may be excused for perhaps paying too much attention to historical agents, men and women and their class consciousness, as against the objective realities of the mode of production and the social relations of production.