The Economics Of The Imagination

"By turns informative, infuriating and inspirational, Murphy, Peters and Marginson's Imagination is clearly the most critical of the three volumes in the series. Perhaps as a result, it is very good to think with." Andrew Miler, Professor of Cultural Studies, Monash University --Book Jacket.

This book presents a polemical account of the historical development of the neoliberal imagination. Inspired by the thought of Frederic Jameson, Bernard Stiegler, and Timothy Morton, it argues that the evolution of virtual and information technologies has transformed the ideological imaginary of capitalism. Owing to the inseparability of the process of commodification from developments in the sphere of media technology – particularly the rise of the digital networks through which information is processed and disseminated – the aesthetic forms of the neoliberal imaginary are not external to the accelerated productivity and adaptability of human beings. Rather, they are essential both to the vision of progress that informs the technoscientific organization of capitalist society and to the practical formation of ‘the self’ that takes place within its networks. A snapshot of the evolving ‘world picture’ that is formed in the neoliberal imagination as articulated in its particular regime of capitalization, The Neoliberal Imagination will appeal to scholars of social theory and social philosophy with interests in neoliberalism.

This re-incorporation of economics into political economy is one (small, but not insignificant) element in a larger project: to place all of the resources of present-day social-scientific research at the service of increasing democracy, in an ultimate direction toward socialism in the classic sense. An economics-enriched political economy is, above all, empowering: working people in general can calculate, build models, think theoretically, and contribute to a human-worthy future, rather than leaving all this to their "betters."

Today, when it seems like everything has been privatized, when austerity is too often seen as an economic or political problem that can be solved through better policy, and when the idea of moral values has been commandeered by the right, how can we re-imagine the forces used as weapons against community, solidarity, ecology and life itself? In this stirring call to arms, Max Haiven argues that capitalism has colonized how we all imagine and express what is valuable. Looking at the decline of the public sphere, the corporatization of education, the privatization of creativity, and the power of finance capital in opposition to the power of the imagination and the growth of contemporary social movements, Haiven provides a powerful argument for creating an anti-capitalist commons. Capitalism is not in crisis, it is the crisis, and moving beyond it is the only key to survival. Crucial reading for all those questioning the imposition of austerity and hoping for a fairer future beyond it.

In Money Matters, Richard Gray investigates the discourses of aesthetics and philosophy alongside economic thought, arguing that their domains are not mutually exclusive. The transition in Germany from an agrarian or proto-industrial economy to a capitalist industrial economy, which was paralleled by a shift from the exchange of money in coin to the use of paper currencies, occurred simultaneously with an efflorescence of German-language literature and philosophy. Based on close readings of canonical literary and philosophical texts, Gray explores how this confluence led to a rich cross-fertilization between economic and literary thought in Germany during this period. Money Matters documents the surprising degree to which literature and philosophy participated in the creation of modern economic paradigms, as well as the extent to which economics influenced literature and philosophy. The cultural artifacts of the period demonstrate the existence of an “economic unconsciousness”: persistent notions of value and exchange that inflect the aesthetic and thematic dimensions of literary and philosophical texts. This book offers a thought-provoking and original analysis of literature and ideas in the critical transition period from Kant and Goethe, through the German Romantics, to Marx.

Consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How do these actors assess uncertainty? Jens Beckert adds a new chapter to the theory of capitalism by showing how fictional expectations drive modern economies—or throw them into crisis when imagined futures fail to materialize.