Speculation in land may be necessary to capitalism, but spe… - David Harvey

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Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself.

David Harvey

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About David Harvey

David Harvey (born 31 October 1935) is an English geographer and the Distinguished Professor of Geography and Anthropology at the Graduate Center of the City University of New York (CUNY). His work has contributed greatly to broad social and political debate, most recently he has been credited with helping to bring back social class and Marxist methods as serious methodological tools in the critique of global capitalism, particularly in its neoliberal form.

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Alternative Names: David W. Harvey • Harvey, David, 1935-

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Karl Marx Eric Wolf Joan Robinson Ernest Mandel David Graeber

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Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.

Monetary relations have penetrated into every nook and cranny of the world and into almost every aspect of social, even private life.

But the net effect of increasing scale, centralization of capital, vertical integration and diversification within the corporate form of enterprise has been to replace the 'invisible hand' of the market by the 'visible hand' of the managers.

Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself. - David Harvey

About David Harvey

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