Beverley Best has reinvented <i>Capital, Volume III</i>.

- Fredric Jameson,

Beverley Best's excellent analysis of Volume Three of <i>Capital </i>addresses a mostly neglected terrain of Marxist scholarship and achieves something very special. Her critique of the economic categories of price, rent and interest cracks their economic objectivity and lets the light in. All social life is essentially practical, including economic forms such as production prices. This is a groundbreaking book.

- Werner Bonefeld is the author of <i>A Critical Theory of Economic Compulsion</i>,

<i>The Automatic Fetish</i> is a revelation. Following the red thread of Marx's value theory through Volume 3 of <i>Capital</i>, Beverly Best makes an overwhelming case that far from being a collection of arcane posthumous drafts made even more obscure by Engel's heavy hand, the third volume of Capital is a lucid culmination of the analysis Marx began in Volume 1. She shows us that Marx clearly identifies industrial profit, interest, ground rent, and wages as essentially similar expressions of the social relationship he called surplus value. She also shows us that Marx explains how we are induced, day after day, to see those phenomena as utterly separate - that is, to see them fetishistically. But conflicts over land, anti-gentrification battles, commodity bubbles, wage struggles: they all look different when they become so clearly visible as aspects of the same dynamic. The Automatic Fetish is that rare work of theory whose practical implications just sing out loud. It is surely among the most useful books on <i>Capital III</i> ever written.

- Christopher Nealon, <i>The Matter of Capital: Poetry and Crisis in the American Century</i>,

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<i>The Automatic Fetish</i> is that rare, double accomplishment that serves the need of the generalist reader while educating the specialist. Those new to Capital Vol III will find here a companion indispensable to helping them make their way. Meanwhile Marxologists still wondering whether Marx has a value theory of ideology will find here a most compelling answer in the affirmative. If I had to choose one book that would make the case for the relevance of Marx's critique of political economy to the humanities, this might very well be it.

- Colleen Lye, co-editor, <i>After Marx: Literature, Theory and Value in the Twenty-First Century</i>,

<i>The Automatic Fetish</i> is the most intelligent book I have read in years. It is, all at once: a reliable guide to the the third volume of Marx's <i>Capital</i>; a stunningly fresh and inspiring interpretation of that often diffuse and refractory text; a convincing explication of our current historical juncture; and perhaps most surprisingly, the elaboration of a theory of ideology that Best finds implicit in Marx's mature writings, one that stands as a corrective to other conceptions of ideology, both within and outside the Marxist tradition. The contribution of <i>The Automatic Fetish</i> is hard to exaggerate. It belongs on a shelf with Alfred Sohn-Rethel's <i>Intellectual and Manual Labor </i>- whose rigor, on my view, Best's book surpasses.

- Nicholas Brown, author of <i>Autonomy: The Social Ontology of Art under Capitalism</i>,

While the first volume of <i>Capital</i> is supported by several excellent guides, the challenging and vital Volume 3 has to this point not received similar attention. Beverly Best's <i>Automatic Fetish</i> sets out to rectify this and generously meets a real need. It is sure to become an invaluable companion for co-thinkers, a reading group staple, and will make a significant contribution to the wider field of materialist theory.

- Joshua Clover, author of <i>Riot. Strike. Riot.</i>,

Beverly Best gives us many good reasons to read Marx's <i>Capital</i> all over again by giving Volume Three the careful attention it deserves. Best guides us through Marx's account of capitalism as a whole, demonstrating its unmatched theoretical coherence and undimmed political relevance. We find that it is necessary to take this path precisely because so much criticism has been designed to avoid it. In Best's hands, Capital becomes not only fascinating but useful, down to its last detail. Written with clarity, focus, and urgency, Best has "unreconstructed" Marx for our times.

- Richard Dienst, author of <i>The Bonds of Debt: Borrowing Against the Common Good</i>,

Brilliant, eloquent and precise. Beverly Best has given us one of the most profound re-readings of <i>Capital </i>to have appeared in a generation and an essential source, especially for anyone now undertaking a serious study of volume III. Along the way, <i>The Automatic Fetish</i> redeems the much maligned base/superstructure methodology by discovering the astonishing truth of its "perceptual physics": "The capitalist base disappears into the superstructure."

- Neil Larsen, author of <i>Determinations: Essays on Theory, Narrative and Nation in the Americas</i>,

This work is nothing short of a masterful reading of Marx's form-analysis and defends the continued relevance of Marx's work in the twenty-first century.

- Jacob Spenser Wilson, Marx & Philosophy Review of Books

A beacon in this world.

- Carlos Velasquez, Marx & Philosophy Review of Books

This work is nothing short of a masterful reading of Marx's form-analysis and defends the continued relevance of Marx's work in the twenty-first century.

- Jacob Spenser Wilson, Marx & Philosophy Review of Books

<i>The Automatic Fetish </i>is clearly a strong work of Marxist theorizing.

- Aidan Beatty, H-Net

The Automatic Fetish traces Marx's analysis of capital, step by step, through the material compiled posthumously as the third volume of Capital. Identifying the critique of value as the central through line of the entire work, Beverley Best elaborates a theory of movement through which the capital machine generates social forms of appearance as the inversion of its inner operating mechanisms. Neither a return to basics nor a new-fangled reconstruction, The Automatic Fetish eschews novelty to show once again that Marx rewards careful study.

- 'If I had to choose one book that would make the case for the relevance of Marx's critique of political economy to the humanities, this might very well be it' Colleen Lye, co-editor of After Marx
- 'The contribution of The Automatic Fetish is hard to exaggerate' Nicholas Brown, author of Autonomy
- 'Will make a significant contribution to the wider field of materialist theory' Joshua Clover, author of Riot. Strike. Riot
- 'In Best's hands, Capital becomes not only fascinating but useful, down to its last detail. Written with clarity, focus, and urgency, Best has "unreconstructed" Marx for our times' Richard Dienst, author of The Bonds of Debt
- 'A groundbreaking book' Werner Bonefeld, author of A Critical Theory of Economic Compulsion
- 'That rare work of theory whose practical implications just sing out loud . Surely among the most useful books on Capital III ever written' Christopher Nealon, author of The Matter of Capital
- 'Brilliant, eloquent, and precise. Best has given us one of the most profound re-readings of Capital to have appeared in a generation and an essential source' Neil Larsen, author of Determinations
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Why the neglected third volume of <i>Capital</i> holds the key to Marx's theory of value
Acknowledgements

Introduction: Unreconstructing Marx: The Perceptual Physics of Capital

Part I
THE PHYSICS OF CAPITAL AND THE MYSTIFICATION OF SURPLUS-VALUE

1 Rate of Profit: Production
2 General Rate of Profit: Competition
3 Falling Rate of Profit: Crisis

Part II
SHAPESHIFTING: CAPITAL'S SOCIAL FORMS (WHERE MYSTIFICATION OF SURPLUS-VALUE DEEPENS AT THE SURFACE)
4 Transformation of Profit I: Commercial Profit
5 Transformation of Profit II: Interest
6 Transformation of Profit III: Ground-Rent

Conclusion: The Revenues and Their Sources: The Three Faces of Surplus-Value

Index
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Why the neglected third volume of <i>Capital</i> holds the key to Marx's theory of value
A really clear book on Marx and how to understand Capital as a coherent project and as an analysis that is as relevant today as it was when conceived, from an author whose been a student of Marx’s critique of political economy for close to 30 years and who has been reading Capital (not in excerpt or bits and bites) with students every year for close to 10 years, and so sknows what they’re talking about,For readers of David Harvey, Fredric Jameson, Michael Heinrich, John Bellamy Foster, Moore, Ellen Meiksins Wood, Moishe Postone, Werner Bonefeld, Joshua Clover, Aaron Benanav, Sianne Ngai, Ruth Wilson Gilmore,Endorsements from David Harvey, Fredric Jameson, Nancy Fraser, Colleen Lye, Will Claire Roberts, Sianne Ngai, David McNally
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Produktdetaljer

ISBN
9781804294802
Publisert
2024-05-21
Utgiver
Vendor
Verso Books
Vekt
410 gr
Høyde
234 mm
Bredde
153 mm
Dybde
23 mm
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet

Forfatter

Biographical note

Beverley Best works on Marx's critique of political economy and teaches in the department of Sociology and Anthropology at Concordia University, Montréal. She is the author of Marx and Dynamic of the Capital Formation: An Aesthetics of Political Economy, and co-editor (with Werner Bonefeld and Chris O'Kane) of The Sage Handbook of Frankfurt School Critical Theory. She is the vice-president of the Marxist Literary Group.