Sumario: | Murray E.G. Smith's book is an example of the excellent research being produced by a new generation of writers, unconstrained by the fetters of some 'traditional' interpretations of Marx. The broad picture he draws challenges the idea, more hegemonic in the early 1990s than at any time since the First World War, that 'free-market economics' (a euphemism for the set of socio-economic relations that form the basis of capitalism) are better suited to meeting human needs than any conceivable alternative. Smith claims that this book is part of an attempt to apply Marx's dialectics and his theory of value to improve our understanding of the 'modern' world. In doing this, he seeks to confront both the 'subjective reason' associated with Analytical Marxists, and the 'cynical reason' of poststructuralists and postmodernists. Marx's theory of value is the subject of most of the eleven chapters in Smith's book; very little space is given to the Marxian critique of postmodernism, in spite of the title.
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