Capitalism and Modernity: An Excursus on Marx and Weber by Derek Sayer PDF

By Derek Sayer

ISBN-10: 020332952X

ISBN-13: 9780203329528

ISBN-10: 0415017289

ISBN-13: 9780415017282

The character of modernity, and its reference to capitalism, are questions on the vanguard of up to date sociological debate. Derek Sayer re-examines the solutions given through Karl Marx and Max Weber, authors of 2 of the main profound sociological evaluations of modernity. His reassessment of Marx and Weber on capitalism and modernity presents a brand new examining which finds the amazing consonances among their sociologies of the fashionable situation. Going past the well known stereotypes of the Marx-Weber debate', Professor Sayer indicates that either Marx and Weber produced a tough critique of the character of strength and subjectivity in sleek society, a critique which keeps all its highbrow strength and ethical relevance at the present time.

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Extra info for Capitalism and Modernity: An Excursus on Marx and Weber

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With this ‘real subordination of labour to capital a complete (and constantly repeated) revolution takes place in the mode of production, in the productivity of the workers and in the relations between workers and capitalists’. Real subordination of labour is the fount of capital’s mors immortalis. Only now, Marx argues, in Modern Industry, does capitalism establish itself as a ‘mode of production sui generis’ (1866:1035). It is with labour’s real subordination to capital that we truly enter the modern world The imperative to accumulate, enforced by competition, is for Marx fundamental to capitalism throughout all of its phases.

In one sense the modern joint-stock company represents a further socialization of the production process. It is in this sense, Marx writes, ‘the abolition of capital as private property within the framework of capitalist production itself (1865a:436). But at the same time the flotation of share rights has the perverse effect of once more freeing capital from so direct an involvement in production as was found in earlier phases of capitalist development. The capital owner becomes a ‘mere money capitalist’, as parasitic upon the direct production process as a feudal lord.

This revolution was accomplished only in Modern Industry, which materializes what in Manufacture is yet in statu nascendi. 8 Machinery is the foundation of Modern Industry, and Manufacture creates the conditions for its application by its specialization of labour and of tools. But by comparison with Manufacture, Modern Industry represents a quantum leap in both the development of productive power and the subordination of labour to capital. Where ‘in simple cooperation, or even in that founded on division of labour, the suppression of the isolated, by the collective, workman still appears to be more or less accidental’, ma-chinery ‘operates only by means of associated labour, or labour in common.

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Capitalism and Modernity: An Excursus on Marx and Weber by Derek Sayer

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