Few questions of history have as many contemporary political implications as this deceptively simple one: how did capitalism come to be? In this clarifying work, Ellen Meiksins Wood refutes most existing accounts of the origin of capitalism, which, she argues, fail to recognize capitalism's distinctive attributes as a social system, making it seem a culmination of a natural human inclination to sell and buy. Wood begins with searching assessments of classical thinkers ranging from Adam Smith to Max Weber. She then explores the great Marxist debates among writers such as Paul Sweezy, Maurice Dobb, Robert Brenner, Perry Anderson, and E. P. Thompson. She concludes with her own account of capitalism's agrarian origin, challenging the association of capitalism with cities, the identification of "capitalist" with "bourgeois," and conceptions of modernity and postmodernity derived from those assumptions. Only with a proper understanding of capitalism's beginning, Wood concludes, can we imagine the possibility of it ending.

Capitalism makes possible a new form of domination by purely economic means, argues Ellen Meiksins Wood. So, surely, even the most seasoned White House hawk would prefer to exercise global hegemony in this way, without costly colonial entanglements. Yet, as Wood powerfully demonstrates, the economic empire of capital has also created a new unlimited militarism. By contrasting the new imperialism to historical forms such as the Roman and Spanish empire, and by tracing the development of capitalist imperialism back to the English domination of Ireland and on the British Empire in America and India, Wood shows how today's capitalist empire, a global economy administered by local states, has come tom spawn a new military doctrine of war without end, in purpose or time.

Only a renewed historical materialism can accomplish the task. Meiksins Wood redefines the tradition's basic concepts and theory of history to identify the specificity of capitalism as a system of social relations and political power. This, she argues, is inimical to democracy-a concept she interrogates in both its ancient and modern forms, before asking how it can overcome its present limits.

"The formation of the modern state, the rise of capitalism, the Renaissance and Reformation, the scientific revolution and the Age of Enlightenment have all been attributed to the 'early modern' period. Nearly everything about this point in history remains controversial, but one thing is certain: it left a rich and provocative legacy of political ideas unmatched in Western history. The concepts of liberty, equality, property, human rights and revolution born in those turbulent centuries continue to shape, and to limit, political discourse today. Assessing the work and background of figures such as Machiavelli, Luther, Calvin, Spinoza, the Levellers, Hobbes, Locke and Rousseau, Ellen Wood has written a vivid history of the time's canonical thinkers, presenting their thoughts not simply as philosophical abstractions but as passionately engaged responses to the social conflicts of their day."--Page 4 of cover

Deals with capitalism. Weaving together economic and political history with the history of ideas, this book ranges across a broad spectrum of debates, from the 'Nairn-Anderson theses' to the contribution of J C D Clark and Alan Macfarlane, and over a wide variety of topics.