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    The Enigma of Capital: And the Crises of Capitalism (Paperback) By (author) David Harvey

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    DescriptionFor 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. Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promised. 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 real estate--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, and social 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 create openings 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 impact of the crisis and the response to it in 2010.


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  • Full bibliographic data for The Enigma of Capital

    Title
    The Enigma of Capital
    Subtitle
    And the Crises of Capitalism
    Authors and contributors
    By (author) David Harvey
    Physical properties
    Format: Paperback
    Number of pages: 320
    Width: 152 mm
    Height: 231 mm
    Thickness: 23 mm
    Weight: 408 g
    Language
    English
    ISBN
    ISBN 13: 9780199836840
    ISBN 10: 0199836841
    Classifications

    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: T7.0
    B&T Modifier: Academic Level: 05
    BIC subject category V2: KCS, KCP
    Ingram Theme: APPR/AWARD
    LC subject heading:
    DC21: 330.122
    Libri: I-PL
    Ingram Subject Code: PL
    B&T General Subject: 650
    DC22: 330.122
    Warengruppen-Systematik des deutschen Buchhandels: 27830
    BISAC V2.8: BUS022000, BUS069000
    B&T Approval Code: A45560000
    BISAC V2.8: POL023000
    B&T Merchandise Category: UP
    LC subject heading:
    B&T Approval Code: A45202500
    BISAC V2.8: BUS029000
    LC subject heading: ,
    LC classification: HB95 .H368 2011
    Edition
    2
    Edition statement
    2nd
    Publisher
    Oxford University Press Inc
    Imprint name
    Oxford University Press Inc
    Publication date
    14 September 2011
    Publication City/Country
    New York
    Author Information
    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, among many others.