Analyzes contemporary capitalism through the products of culture and art for fresh insight into emancipatory possibilities concealed within capitalism’s darkest dynamics. Aesthetic objects, crafted as poetic reflections of the contradictory worlds that they inhabit, are simultaneously theorized and theorizing. In Capital in the Mirror, eminent critical theorists explore the aesthetic dimension for reflective visions of capital that are difficult to obtain through even the most rigorous statistical analyses. Chapters address inequality, alienation, ideology, warfare, and other problems of contemporary capitalism through the cultural prisms of Herman Melville, Thomas Mann, Charles Dickens, J. W. Goethe, Friedrich Hölderlin, Walt Whitman, Bertolt Brecht, and science-fiction cinema. Famous narrative elements in their works, such as Ahab’s pursuit of the white whale in Melville’s Moby-Dick, demonic production and perverse desire in Mann’s Doctor Faustus, socially electrified bodies of Whitman’s Leaves of Grass, and dystopian projections of current sci-fi cinema, are theorized as stylistically distorted reflections of social life within capital. The authors reveal theoretical powers latent within these condensed images that prefigure the dark dynamics of capitalism. Focusing on dark images of domination and also prophetic images of transformation, the book points the way toward emancipation, social regeneration, and human flourishing. “This book makes a very important contribution to critical theory and the critical ‘human sciences’ and is a model of how to do a larger analysis of contemporary capitalist cultural products.” — Jeffrey A. Halley, coeditor of Bourdieu in Question: New Directions in French Sociology of Art

During a tumultuous period when financial speculation began rapidly to outpace industrial production and consumption, Victorian financial journalists commonly explained the instability of finance by criticizing its inherent artifice—drawing persistent attention to what they called “fictitious capital.” In a shift that naturalized this artifice, this critique of fictitious capital virtually disappeared by the 1860s, replaced by notions of fickle investor psychology and mental equilibrium encapsulated in the fascinating metaphor of “psychic economy.” In close rhetorical readings of financial journalism, political economy, and the works of Dickens, Eliot, and Trollope, Kornbluh examines the psychological framing of economics, one of the nineteenth century’s most enduring legacies, reminding us that the current dominant paradigm for understanding financial crisis has a history of its own. She shows how novels illuminate this displacement and ironize ideological metaphors linking psychology and economics, thus demonstrating literature’s unique facility for evaluating ideas in process. Inheritors of this novelistic project, Marx and Freud each advance a critique of psychic economy that refuses to naturalize capitalism.

In this collection, four philosophers and four economists consider the Third Volume of Marx's Capital. The essays take up each of the major themes of Volume III - competition, for formation and development of the general rate of profit, the credit system and finance capital, rent, the Trinity formula and the concept of class - and consider them in the light of the two previous volumes. The authors share a focus on the concept of social form in Marx's work and on the method of his argument. The collection is intended both for specialists in Marxian theory and for students of the history of economic thought and of methodology.

Blackness is a prized commodity in American pop culture. Marketed to white consumers, it invites whites to view themselves in a mirror of racial difference, while remaining “wholly” white. From sports to literature, film, and music to investigative journalism, Eric Lott reveals the hidden dynamics of this self-and-other racial mirroring.

Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.