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Managerial Capitalism

Author

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  • Duménil, Gérard
  • Lévy, Dominique

Abstract

Marxist analysis has traditionally been built on a two-class framework: workers and capitalists. With Managerial Capitalism , Gerard Duménil and Dominique Lévy mount a powerful argument that such a framework is outdated—we are in fact amid a transition to a new mode of production, one that is fundamentally shaped by a third, intermediary class: managerialism. Drawing examples from the United States and Europe, the authors offer a historically rooted interpretation of major current economic and political trends. Without eschewing Marx’s theory of history and political economy, they update it to take account of the changes underway in class patterns and relationships to production. The result is a robust new Marxism for the present and the future.

Suggested Citation

  • Duménil, Gérard & Lévy, Dominique, 2018. "Managerial Capitalism," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780745337548, November.
    • Handle: RePEc:ucp:bkecon:9780745337548
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    Cited by:

    1. Alexandre Chirat, 2019. "« Théoriser les formes du capitalisme », A propos de Branko Milanovic, Capitalism Alone. The Future of the System That Rules the World, Cambridge, MA: Harvard University Press, 2019, 287 pages," Post-Print halshs-02428975, HAL.
    2. Adam Leaver & Keir Martin, 2021. "‘Dams and flows’: boundary formation and dislocation in the financialised firm," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 403-429, December.

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