Book Description
Widely praised as an exciting, insightful exposition and development of Marx's critique of political economy, Harvey updates his classic text with a discussion of the turmoil in world markets today.
Customer Reviews:
classic book.......2007-06-08
In my opinion, Limits to Capital is the best path to Marx's political economy, and in a sense it's an update of Capital. Harvey explains Marx, and introduces some new concepts such as 'spatial fix', 'socially necessary turnover time of capital' etc. Together with Mandel's Late Capitalism, Limits to Capital is the most significant contribution to Marx by a contemporary writer. (The radical geography journal Antipode had a special issue for the 20th year of Limits to Capital.)
However, Harvey revisioned some of his thought later, with 'The New Imperialism'. He introduced the notion of 'accumulation by dispossession', I don't know why, limiting the 'reproduction on an enlarged scale', and thereby limiting the validity of class conflict. This imperialism issue blurs all the contemporary accounts of capital accumulation. He is now an Arendtian. Good luck with that, but we miss the Harvey of Limits to Capital.
The most thorough exposition of Marxist political economy in print.......2006-07-23
David Harvey is actually a geographer, but from reading this book, one would think him one of the great political economists. Based on this work alone, he should be in the popular range of Stiglitz, Schumpeter, Milton Friedman etc., but it is not likely that such 'honor' will ever befall a Marxist theorist. Nevertheless everyone interested in Marxist economics, for whatever reasons, simply must read this book.
Harvey's discussion of capitalism from a Marxist perspective is extraordinary clear, sharp and thorough. So much in fact that it is probably the most consistently in-depth exposition of capitalism from every aspect since "Capital" itself. This also makes it hard to review it, since one hardly knows where to begin.
Fortunately for political economy newbies (and this book is definitely the best kind of "introductory overview" you could give to an intellectual person), Harvey starts at the same point "Capital" starts, then works his way through. First he gives a clear exposition of the general framework of Marxist theory: the law of value, the differences between value, use value and exchange value, the mode of production etc. All this is done quite well, though there are of course many many such general descriptions available in print. Harvey does seem to skip over the "transformation problem" somewhat, which may annoy those who consider it a major hurdle. Harvey, in my view with good reason, does not.
The next two chapters discuss production, distribution, surplus value and its realization and the relation to supply and demand. Particularly useful here are his explanations of the importance of the concept of value composition of capital, and the reduction of skilled to simple labour, where he addresses one of Von Böhm-Bawerk's better critiques of Marxism.
The next part of the book is perhaps the core of the book. Here, Harvey delves into the organization of capital, the various forms which it can take and how these interrelate, and the tendency of the rate of profit to fall. He shows how the various manifestations of capital can interfere with each other's functioning and how this creates the tendency towards crises. He then posits the problem of overaccumulation (rather than underdevelopment) as the first 'layer' or 'cut' of crisis theory.
After the reader has grasped all this, the second crucial part of the book follows in a rapid manner, introducing first the problematic of fixed capital and its relation to the law of value, and then the role of credit in capitalism. The first is not very satisfactorily resolved and is in my view probably the weakest part of his theory. Alan Freeman has since given a quite different solution to the same issue, but that does not seem to really solve the problem either. Perhaps this is one of the things Marxist political economy has yet to fully solve.
Harvey's demonstration of the role of credit is however masterful and extremely enlightening for the many who are confused by the vast array of forms in which credit appears in modern society. His emphasis on the importance of understanding the so-called "fictitious capital", that is advanced capital not yet backed by actual value through production, allows him to show the second major appearance of crises in capitalism as well as explaining the theory of rent in Marxism, which forms the subject of the chapter thereafter. He corrects Marx' somewhat excessively anti-distributive theory of rent and explains the role of agricultural technology. Harvey is in many parts of this chapter rather confusing in his terminology, but a careful reader can certainly grasp the issue.
At the end of the book Harvey can finally follow up on his own area of expertise. By explaining the role of spatial and temporal relations in the flow of capital and the necessity of 'exporting' the internal contradictions of capitalist social relations, he is able to form a theory of imperialism that is largely in accordance with that of Lenin, but without the theory of underdevelopment. It also puts a good perspective on Marx & Engels' many journalistic articles about India and colonialism. Finally he combines this with the earlier two aspects to form the third 'cut' of capitalist crisis theory, which takes every aspect of capitalism in its modern appearance into account.
On the whole, Harvey has done an unparallelled and magisterial work in creating an exposition of capitalism that is at once as in-depth as "Capital" and much clearer (and shorter!) than that, although of course without Marx no such thing could ever have been made.
There are a few things nevertheless not covered (fully) in the book. Harvey pays surprisingly little attention to urban geography and (sub)urbanization as a factor in capitalism. Furthermore his theory of the state is a hodgepodge of different roles, which he never unites into one whole. Finally, people experienced in handling Marxist theory might have problems with Harvey's generally structuralist approach, which leaves relatively very little room for the autonomous significance of class struggle. Harvey mostly relegates that to the fields of production processes and labour mobility. Because of this, Lebowitz' "Beyond Capital" should probably be read alongside it as a complementary contribution, analyzing the same from the side of wage-labour.
A great book to get started on understanding Marx's Captial.......2000-08-24
I was attracted to this work becaues i'm interested in Marx and have read another of Harvey's books "The Condition of Postmodernity." Harvey is an erudite scholar who's formal education is in georgraphy, but his research has produced accessable and powerful studies beyond his origins. "Limits to Captial" is a complete and balanced account of Marx's economic work centering upon his major text "Das Kaptial." Harvey has does a intense study of Marx and Marxist scholarship (Lenin, Rose Luxingberg, and others) to produce a systematic and dialetical account of Marx's critique of Captialism. Even though harevy pays attention to the importance of Hegelian dialetics this book is accessable to to readers who do not have strong philosophic of economic backgrounds. If your are interested in Marx and/or captialism this is an excelent inroad to begin your studies. A detaled biblography of cited sources is a gem for continuted research. His book on postmodernity is also excelent.
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Capital investments: Appraisals and limits : a report from the Conference Board (Conference Board report ; no. 641)
Patrick J Davey
Manufacturer: Conference Board
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Binding: Unknown Binding
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Book Description
This digital document is a journal article from Utilities Policy, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
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The Water Services Regulation Authority (Ofwat) is the economic regulator of the water and sewerage companies in England and Wales. Ofwat carries out regular annual reviews of relative capital efficiency and periodic reviews of prices charged by the companies to determine maximum price limits. In reaching these determinations, the most recent of which was in December 2004 (PR04), Ofwat assumed that the companies can, going forward, make some capital efficiencies. Ofwat assessed the scope for such efficiencies in each company by analysing their capital and operating expenditure and outputs, comparing their unit capital costs, making econometric comparisons of their capital maintenance costs and assessing the scope for continuing capital productivity improvement in the water and comparator sectors. Three separate tools used by Ofwat for assessing capital efficiency are described; the cost base (for capital unit costs), capital maintenance econometric models and 'continuing efficiency'. The paper notes how these three tools were used in combination for price limit assumptions in 2004.
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Campaign finance reform: lift all limits.(Capital Ideas)(Column): An article from: Chief Executive (U.S.)
Sally Pipes
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Release Date: 2005-07-28 |
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This digital document is an article from Chief Executive (U.S.), published by Chief Executive Publishing on January 1, 1997. The length of the article is 816 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The 1996 presidential election and the California referendum on Proposition 211 have renewed the debate over the issue of campaign finance reform. The questionable practices of the Democratic Party and the nearly $40 million budget of a business coalition to defeat an initiative in California to liberalize shareholder lawsuit rules have once again raised the question of whether there is too much money in politics. However, the failure of the 1974 campaign finance restrictions to control campaign spending is a stark example of big government's inability to implement effective solutions. Instead of putting a cap on campaign finance, candidates should be allowed to raise as much money as they want in any way they want. They should then be required to make a public accounting of their finances to inform the public of their contributors. Another suggestion is to reduce the power of government to discourage lobbying.
Citation Details
Title: Campaign finance reform: lift all limits.(Capital Ideas)(Column)
Author: Sally Pipes
Publication:
Chief Executive (U.S.) (Magazine/Journal)
Date: January 1, 1997
Publisher: Chief Executive Publishing
Issue: n120
Page: p17(1)
Article Type: Column
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This digital document is an article from Entrepreneur, published by Entrepreneur Media, Inc. on April 1, 2005. The length of the article is 1695 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: The fast lane: there are tried-and-true rules for growing a company. And then there are entrepreneurs who pay no attention to the speed limit, put their engines in overdrive and blaze their own paths to furiously fast growth.(Cover Story)
Author: Mark Henricks
Publication:
Entrepreneur (Magazine/Journal)
Date: April 1, 2005
Publisher: Entrepreneur Media, Inc.
Volume: 33
Issue: 4
Page: 64(4)
Article Type: Cover Story
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Gender and the limits of social capital *.: An article from: The Canadian Review of Sociology and Anthropology
Kate Bezanson
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Release Date: 2007-01-30 |
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This digital document is an article from The Canadian Review of Sociology and Anthropology, published by Thomson Gale on November 1, 2006. The length of the article is 8269 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the author: Dans cet article, l'auteure examine l'intensification de l'interet envers le concept de capital social dans la politique publique au Canada et considere que ce concept est assez prometteur, en meme temps qu'il entrainera des problemes considerables, pour les femmes. Elle explique les parametres du concept de capital social et tente de l'approfondir a l'aide de questions feministes essentielles sur l'economie politique. Cette approche jette les bases de la tache primordiale d'associer un sexe au capital social, de telle sorte que les resultats des politiques dans le contexte canadien n'augmentent pas le fardeau du travail social et de prestation de soins de groupes deja surcharges.
Citation Details
Title: Gender and the limits of social capital *.
Author: Kate Bezanson
Publication:
The Canadian Review of Sociology and Anthropology (Magazine/Journal)
Date: November 1, 2006
Publisher: Thomson Gale
Volume: 43
Issue: 4
Page: 427(17)
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This digital document is an article from Capital & Class, published by Conference of Socialist Economists on September 22, 2003. The length of the article is 3583 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: The global and the political.(The False Dilemma: Globalization: Opportunity or Threat; The Limits of Capitalism. An Approach to Globalization Without Neoliberalism; Naming the Enemy: Anti-Corporate Movements Confront Globalization; Globalization and Social Change )(Book Review)
Author: Jonathan Joseph
Publication:
Capital & Class (Refereed)
Date: September 22, 2003
Publisher: Conference of Socialist Economists
Issue: 81
Page: 152(8)
Article Type: Book Review
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Book Description
This digital document is a journal article from Journal of Banking and Finance, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
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We provide a model for a futures clearinghouse to use for setting optimal levels of clearing margin, capital and price limits, which minimizes the costs to clearing firms and simultaneously protects the clearinghouse from default by clearing firms. We show how to estimate the capital requirement, which supports the clearinghouse's residual default risk that is not covered by the clearing margin. We apply our model to the Winnipeg Commodity Exchange and demonstrate that price limits reduce the sum of optimal clearing margin and capital to a level that is substantially lower than that required in the absence of price limits.
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This digital document is an article from San Diego Business Journal, published by CBJ, L.P. on September 9, 2002. The length of the article is 1017 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Preparation, consistency important in hiring practices: structured interview questionnaire limits company liability. (Special Report: Human Resources).(Brief Article)(Column)
Author: Helen Neppes
Publication:
San Diego Business Journal (Magazine/Journal)
Date: September 9, 2002
Publisher: CBJ, L.P.
Volume: 23
Issue: 36
Page: 15(1)
Article Type: Brief Article, Column, Interview
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Heterosis and Hybrid Seed Production in Agronomic Crops
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Heterosis and Hybrid Seed Production in Agronomic Crops discusses how heterosis or "hybrid vigor" has played a major role in improving crop productivity and quality in order to feed the ever-increasing human population, particularly in developing countries. Plant breeders, agronomists, seed producers, and farmers will discover why the development of hybrids in the world's major food crops and why the methods of hybrid seed production are critical for achieving this goal. This landmark book deals with heterosis and hybrid seed production of major agronomic crops such as wheat, rice, maize, sorghum, cotton, sunflower, and rapeseed.
Through Heterosis and Hybrid Seed Production in Agronomic Crops, you will discover valuable information on hybrid seed production methods that is not available in any other single volume. This unique book contains relevant and essential information about important procedures to help increase crop yield, including:
methods for deriving second cycle inbred lines for hybrid maize
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seed production technology of hybrid rapeseed
advances in hybrid seed production technology of rice in China
Heterosis and Hybrid Seed Production in Agronomic Crops gives you a global perspective on essential food crops in all parts of the world. This informative guide will help you use hybrid seed production methods with important agricultural crops and increase the quality of these vital and essential food sources.
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Heterosis and Hybrid Seed Production in Agronomic Crops
Amarjit S. Bas
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Handbook for Communication and Problem-Solving Skills Training: A Cognitive-Behavioral Approach (Einstein Psychiatry) (Publication Series of the Einstein-Montefiore ... Medical Center Department of Psychiatry)
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![Assessing capital efficiency in the water and sewerage industry in England and Wales: Ofwat's approach [An article from: Utilities Policy]](http://ec1.images-amazon.com/images/I/218AVir2BdL.jpg)
![Optimal clearing margin, capital and price limits for futures clearinghouses [An article from: Journal of Banking and Finance]](http://ec1.images-amazon.com/images/I/21RQES4S46L.jpg)
