The Political Economy of Global Capitalism and Crisis
By Bill Dunn
To Be Published January 31st 2014 by Routledge – 224 pages
This book develops a theoretically informed but empirically based understanding of crises in general, and of the post-2007/08 crisis in particular. It draws on Marx’s identification in the introduction of the Grundrisse of a method of political economy involving a movement from the abstract and general to the concrete and specific and a correspondingly ordered presentation of the elements of analysis.
It begins by looking at the major issues about how to understand economy and society and examines what capitalism has in common with other forms of society and what makes it different. It does this in an accessible way and uses the analysis to move to more concrete investigations of recent political and economic transformations. Dunn argues that appropriately reconceived, a critical Marxism can incorporate and enrich rather than rejecting insights from other traditions. He disputes general characterisations of capitalism to the crisis and theories which see finance and the contemporary financial crises as largely detached from other aspects of the economy and society.
Providing a thoroughly socialised and historically based account, this book will be vital reading students and scholars of political economy, international political economy, Marxism, sociology, geography and development studies.
1. Introduction 2. Capitalism and other social orders 3. Value theory in an incompletely capitalist society 4. Land, labour, capital, their interrelation: structures, agencies and competing interpretations of political economy 5. Crisis theory and the historical development of crises 6. States, restructuring and global capitalism 7. Keynes, the Keynesian moment and its contradictions 8. Neo-liberalism and global restructuring 9. The world market and the post-2007/08 crisis 10. Recession or renewal 11. Re-locating capital?