Historian and political thinker Ellen Meiksins Wood argues that theories of “postmodern” fragmentation, “difference,” and con-tingency can barely accommodate the idea of capitalism, let alone subject it to critique. In this book she sets out to renew the critical program of historical materialism by redefining its basic concepts and its theory of history in original and imaginative ways, using them to identify the specificity of capitalism as a system of social relations and political power. She goes on to explore the concept of democracy in both the ancient and modern world, examining its relation to capitalism, and raising questions about how democracy might go beyond the limits imposed on it.
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This study argues that understanding Marxism and its critique of capitalism is more important than ever because of the collapse of Communism. It redefines historical materialism's basic concepts and theory of history to specifically identify capitalism as a system of social relations and political power.
Ellen Meiksins Wood, for many years Professor of Political Science at York University, Toronto, is the au-thor of many books, including The Pristine Culture of Capitalism, The Origin of Capitalism, Peasant–Citizen and Slave, Citizens to Lords, Empire of Capital and Liberty and Property.
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