The Limits to Capital

Book excerpt: A major rereading of Marx’s critique of political economy Now a classic of Marxian economics, The Limits to Capital provides one of the best theoretical guides to the history and geography of capitalist development. In this edition, Harvey updates his seminal text with a substantial discussion of the turmoil in world markets today. Delving into concepts such as “fictitious capital” and “uneven geographical development,” Harvey takes the reader step by step through layers of crisis formation, beginning with Marx’s controversial argument concerning the falling rate of profit and closing with a timely foray into the geopolitical and geographical implications of Marx’s work.