La Review Of Books

Is there something fundamentally different about contemporary capitalism than the system that Adam Smith identified, Karl Marx critiqued, and John Maynard Keynes sought to reform? If so, is there a unique underlying logic to what is frequently called Neo-Liberalism (aka post-Reagan/Thatcher capitalism)? Co-hosts Eric Newman and LARB Economics and Finance editor Michelle Chihara speak with Political Economist Martijn Konings about his ambitious new book, Capital and Time: For a New Critique of Neo-Liberal Reason, which posits that, yes, the current global order is distinct in ways that impacts every aspect of our lives. This raises two essential issues: one, on the economic and political front, how can we hope to reform (let alone challenge) Neo-Liberalism if we don't have a solid theoretical understanding of how it operates in our daily lives; two, on the philosophical front, given how all-encompoassing this system is in our materialist society, what does it say about how we experience "reality," in particula