The rise of capitalism to global dominance is still largely associated – by both laypeople and Marxist historians – with the industrial capitalism that made its decisive breakthrough in 18th century Britain. Jairus Banaji’s new work reaches back centuries and traverses vast distances to argue that this leap was preceded by a long era of distinct “commercial capitalism”, which reorganised labor and production on a world scale to a degree hitherto rarely appreciated. Rather than a picture centred solely on Europe, we enter a diverse and vibrant world. Banaji reveals the cantons of Muslim merchants trading in Guangzhou since the eighth century, the 3,000 European traders recorded in Alexandria in 1216, the Genoese, Venetians and Spanish Jews battling for commercial dominance of Constantinople and later Istanbul. We are left with a rich and global portrait of a world constantly in motion, tied together and increasingly dominated by a pre-industrial capitalism. The rise of Europe to world domination, in this view, has nothing to do with any unique genius, but rather a distinct fusion of commercial capitalism with state power.
The twelve essays in this book demonstrate the importance of bringing history back into historical materialism. They combine the discussion of Marx's categories with historical work on a wide range of themes and periods (the early middle ages, 'Asiatic' regimes, agrarian capitalism, etc.).
The rise of capitalism to global dominance is still largely associated – by both laypeople and Marxist historians – with the industrial capitalism that made its decisive breakthrough in 18th century Britain. Jairus Banaji’s new work reaches back centuries and traverses vast distances to argue that this leap was preceded by a long era of distinct “commercial capitalism”, which reorganised labor and production on a world scale to a degree hitherto rarely appreciated. Rather than a picture centred solely on Europe, we enter a diverse and vibrant world. Banaji reveals the cantons of Muslim merchants trading in Guangzhou since the eighth century, the 3,000 European traders recorded in Alexandria in 1216, the Genoese, Venetians and Spanish Jews battling for commercial dominance of Constantinople and later Istanbul. We are left with a rich and global portrait of a world constantly in motion, tied together and increasingly dominated by a pre-industrial capitalism. The rise of Europe to world domination, in this view, has nothing to do with any unique genius, but rather a distinct fusion of commercial capitalism with state power.
In a critique of Max Weber's influential ideas about the Mediterranean region in late antiquity, Jairus Banaji shows that the fourth to seventh centuries were in fact a period of major social and economic change, bound up with an expanding circulation of gold.
Winner of the 2011 Isaac and Tamara Deutscher Memorial Prize. The essays collected here straddle four decades of work in both historiography and Marxist theory, combining source-based historical work in a wide range of languages with sophisticated discussion of Marx's categories. Key themes include the distinctions that are crucial to restoring complexity to the Marxist notion of a 'mode of production'; the emergence of medieval relations of production; the origins of capitalism; the dichotomy between free and unfree labour; and essays in agrarian history that range widely from Byzantine Egypt to 19th-century colonialism. The essays demonstrate the importance of reintegrating theory with history and of bringing history back into historical materialism. An introductory chapter ties the collection together and shows how historical materialists can develop an alternative to Marx's 'Asiatic mode of production'.
Historical materialism as Marx understood this was always an integrated conception or field of research, not one divided into separate disciplines. The essays gathered in this volume are a remarkable example of how this works across a wide range of subjects as diverse as agrarian history, capitalism, Hegel’s influence on Marx, and class struggles in India. They were written over some fifty years of both activism and academic work, embodying Banaji’s lifelong engagement with Marxist theory. His recent papers on merchant capitalism can also be found here, along with a biographical sketch that sets all of his work in context.
In a critique of Max Weber's influential ideas about the Mediterranean region in late antiquity, Jairus Banaji shows that the fourth to seventh centuries were in fact a period of major social and economic change, bound up with an expanding circulation of gold.
Historical materialism as Marx understood this was always an integrated conception or field of research, not one divided into separate disciplines. The essays gathered in this volume are a remarkable example of how this works across a wide range of subjects as diverse as agrarian history, capitalism, Hegel’s influence on Marx, and class struggles in India. They were written over some fifty years of both activism and academic work, embodying Banaji’s lifelong engagement with Marxist theory. His recent papers on merchant capitalism can also be found here, along with a biographical sketch that sets all of his work in context.
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