The Enigma of Capital
Since the moment the deeply unsettling financial disaster erupted in September 2008, a crisis of confidence has gripped the economic mind. Experts of all stripes, from Alan Greenspan on down, were at a loss to explain what had happened.
A legendary scholar and critic of capitalism, Davis Harvey has been warning of problems for decades. Now, in The Enigma of Capital, Harvey...more
Harvey’s answer was that under capitalism land becomes “a pure financial asset”; land price is a claim on future revenue treated as a present-day asset. “Mortgages,” Marx said, “are mere titles on future rent.” And Harvey completes his thought: “Land price must be realized as future rental app...more
Harvey argues that the boom/bust cycles we've seen in the past 20-30 years, and especially the current one, are the consequence of the fact that too much investment capital is chasing too few investment opportunities (a problem that is actually e ...more
David Harvey, noted critic of the current neoliberal system, goes after many of the current assumptions of the world system. Capital, he says, is the lifeblood of modern economies. It can contribute to levels of growth and ...more
Harvey paints a very accurate picture of everything wrong with late stage, neo liberal capital. And he does so in an easy to read and understand manner. He looks at the issue from a macro perspective and shows how the whole system is unsta ...more
I suppose I agree with his analysis that there is something about capitalism in general that is doomed to fail (the constant quest for more of it), but I guess after having read this book I came away wondering if I would have been better off just reading "Das Kapital" by Karl Marx instead.
"The Enigma of Capitalism": wherein David Harvey attempts to show the reader that capitalism is inherently self-contradicting.
Harvey's book tackles capitalism at a very high level. He never refers to behavior of individual people and rarely of individual corporations, but instead tackles broad trends: growth, surplus absorption, international finance controls. At this level, Harvey takes on the daunting task of explaining not that markets can fail, not that "greed" can cause crises, bu ...more
I wish Harvey were a better writer. These things always feel rushed, and I can't always hold onto the larger threads. But I guess that's one disadvantage t ...more
I liked many of the concepts in the first two chapters, some of which are worth re-visiting. In particular, I liked the capital switching model, from productive and non-productive capital. this is definitely worth considering further in the context of the Perez Model. It helps to explain w ...more
The author, David Harvey, is a geographer as well as a political economist so he talks about the way geography and space tie in with the evolution of capitalism.
The book proposes a theory of capitalism that involves 'seven spheres' which are inter relating, interdependent, and co-evolving. These spheres are: mental conceptions, relation to nature, daily life a ...more
This book seeks to explain the role of Capital and its pivotal role in supporting the global
economic structure as we know it. The abundance or lack of capital flow can have a huge impact on many countries and states. Also, countries tax this capital in order to support the citizenry and to ma ...more
Sadly, that is not the case. The next 6 chapters are muddied up. The writing style is not the best, and the paragraphs tend to be jumpy. You feel the urge to go back a few pages to try to remember what Harvey's point was. The last chapter doesn't de a great job at tying everythin ...more
A crise espalhou – se rapidamente por todo mundo, atingindo, em diferentes níveis, diversos países. A busca constante por matéria – prima, mão – de – obra, crédito e mercado faz parte do sistema capitalista desde o período ...more
capitalism"  de David Harvey .
Buena parte del libro está resumida en esta charla con animaciones de RSA:
Pero, claro, el libro abarca mucho más. En especial el problema de que todo
país debe crecer al 3% anual para considerarse una economía "sana". Cito:
Compound growth for ever is not possible and the troubles that have beset the
world these last thirty years signal that a limit is loomin ...more
A mixture of sharp insights, sentimental romantic prejudices and in depth discourses on the blatantly obvious. Either DH is very stubborn, or his editor was asleep on the job.
.. The Marxist claim to provide a Theory of Everything is certainly impressive, even while qualifying as comically overreaching. The attempt at conceiving and conveying such a vast project without recourse to a single equal sign: hopelessly, pathetically naive; the outcome: just as expected.
Marx is quite frightening. He ma ...more