By Richard Marsden

The character of Capital: Marx After Foucault overturns the got knowledge at the incompatibility of the idea of Marx and Foucault to boost an unique synthesis according to a severe realist re-reading in their paintings, and to figuring out the postmodern situation.

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Extra resources for The Nature of Capital: Marx after Foucault (Routledge Studies in Social and Political Thought)

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First, theorists are usually pleased and non-theorists are usually worried when their assumptions are questioned (Weick 1989:525). Second, the impact of a theory has little to do with its truthfulness: It has long been thought that a theorist is considered great because his theories are true, but this is false. A theorist is considered great, not because his theories are true, but because they are interesting…a theory can continue to be found interesting even though its truth is disputed—even refuted!

But there is a contradiction in Palmer’s argument here. Palmer’s dismissal of ‘poststructuralism’ as a form of idealism and his defence and advocacy of ‘material determination and the importance of class’ (Palmer 1990:128) reveals a particular understanding of the relationship between the ideal and the material: that Marx simply reversed the direction of causality between them. There are two arguments against this traditional interpretation of Marx. First, as Sayer has argued, what Marx opposes is not simply ‘idealism’: it is the validity of the very distinction between the material and the ideal.

I read his subsequent work in this light, to see how it might explain this monad, this separation, the modern. After tracing the bibliographic connections among his ‘rough draft’ and first economics book, together with their respective introduction and preface, I formed the view that the famous 1859 Preface (Marx 1859a), canonized by generations of Marxists for containing the definitive summary of Marx’s analytic, was a sham. After tracing the connections between his rought draft and the various manuscripts that went into the making of the three volumes of Capital, I formed the view that these were but fragments of Marx’s attempt to model something which he believed to be as real as anything in the natural world.

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