The debate around growing inequality is raging amongst economists, and Marxists are finding new ways to map-out the modern economy. Managerial Capitalism introduces a new way of understanding the changing structure of our economy through the emergence and behaviour of a new class - managers.
In the post war years as social democracy reigned, managers tended to form compromises with workers. However, under neoliberalism, allegiances have shifted. Today, a new alliance is forming between managers and capitalist owners, changing the nature of the hierarchy of power under capitalism. Additionally, the authors argue, this is happening much faster and universally than was previously thought.
By applying Marx's basic concepts to the reality of the system today, through the use of extensive data sets as well as firmly rooting the argument in its historical context, Managerial Capitalism updates Marxism for the twenty-first century, through showing how the modes of production today are shaped by a new class, that must be understood if it is to be challenged.
Gerard Dumenil is an economist and former Research Director at the Centre National de la Recherche Scientifique. He is a member of the editorial board of Actuel Marx. He is the co-author with Dominique Levy of Managerial Capitalism (Pluto, 2018), and The Crisis of Neoliberalism (HUP, 2014). Dominique Levy is an economist and former Research Director at the Centre National de la Recherche Scientifique. He is a member of the editorial board of Actuel Marx and co-author of Managerial Capitalism (Pluto, 2018) and The Crisis of Neoliberalism (HUP, 2014).
Introduction I. Modes of Production and Classes 1. Patterns of Income Distribution 2. Marx's Theory of History 3. Managers in Marx's Analysis 4. Sociality and Class Societies 5. Managerialism and Managerial Capitalism 6. A Wealth of Alternative Interpretations 7. Hybridization as Analytical Challenge II. Twelve Decades of Managerial Capitalism 8. Varying Trends of Inequality 9. The Sequence of Social Orders 10. Class and Imperial Power Structures 11. The Politics of Social Change 12. Tendencies, Crises and Struggles III. Inflecting Historical Dynamics 13. Utopian Capitalism and Socialism 14. Self-proclaimed Socialisms IV. Within and Beyond Managerialisms 15. The Economics and Politics of Managerialisms 16. The Potential of Popular Struggle