The ongoing financial crisis, argues historian Moishe Postone, has laid bare the contradictory and shaky character of contemporary capitalism. Yet the essentially inchoate responses to the crisis have dramatically revealed the absence of a robust conceptualization of post-capitalist society and, by implication, of a robust critique of capital itself. One result has been the continued hegemony of neoliberal discourses and policies, Postone argues, and he seeks to fundamentally rethink the core categories of Marx’s critique of political economy. Marx’s mature critique of political economy, as elaborated in the Grundrisse and Kapital, Postone offers, provides the basis for a different critical theory of modernity with contemporary significance.
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