Marx, capital and the Madness of Economic Reason, by David Harvey.
256pp. Profile. £14.99
Dr. David Cowan
It is ironic that a high street bank used the 1980s Tears for Fears hit “Mad World” to advertise its services in recent years. The exuberance of the 1980s rendition has devolved into a more melancholic tune, offering a metaphor for changing economic fortunes. The generation that danced to the tune of Milton Friedman and free markets have watched their funds dwindle and their offspring spiral into debt. It is this mad world, or rather the madness of economic reasoning, that David Harvey challenges in his articulate reworking of Marx to address our contemporary problems.
The implosion of the Soviet Union suggested communism was destroyed and only capitalism is viable, sending Marxist ideology into apparently terminal decline. In a spirited defence Harvey, an old Marxist hand, suggests Marx opens the door to understanding why workers today struggle in the world of capital. The heart of his book is Marx’s…TLS subscribers can continue reading at TLS