Overview

The Automatic Fetish demonstrates the clarity and coherence of Marx’s critique in Capital III against the perennial tendency to shrug it off as a posthumous bundle of notes. Far from an incomplete theoretical system, Best identifies and elaborates a specific theory of movement and appearances (a “perceptual physics”) that lies at the heart of the matter of the third volume of Capital, and that forms the conceptual bridge between Capital I, II, & III. In addition to the coherence of Marx’s project, Best demonstrates the need for demonstration: Marx’s theoretical system in Capital cannot be posited or described; rather, it must be demonstrated, and this is what Best does, step by step, through an exposition of each Part of Book Three. Neither a “back to basics” nor newfangled reconstruction, The Automatic Fetish eschews novelty to show why, once again, Marx deserves to be read carefully. By “unreconstructing” Marx, Best demonstrates how the analytical power of Marx’s critique is as relevant today as it ever was for the analysis of the capitalist mode of production, which is still in the process of immiserating and destroying everything there is. The Automatic Fetish is an apologia of Marx without apologies.

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Praise for Marx and the Dynamic of the Capital Formation * : * Best's approach to rethinking a Marxian dialectical method comes at an extraordinarily appropriate time, one in which, as has so often been said, late capitalism has become an image society and in which aesthetics has in uniquely new historical ways been assimilated into economics. Any Marxism that claims to address the issues and problems of the renewed capitalist and globalized system of today's world must necessarily take some such path as this, which Beverley Best has so productively pioneered. -- Fredric Jameson, Distinguished Professor of Comparative Literature, Duke University With her beautifully constructed and critically imaginative thesis, Beverley Best enhances our understanding of several key problems in critical theory: how to read Marx, today; how to read aesthetics politically, and political economy as aesthetics; what to do with cognitive mapping; and how to deal in a lucid way as academics with an economy of obsolescence in ideas. This book is major contribution to the ethics of criticism as well as to the renewal of aesthetics and the study of Marx's method. -- Meaghan Morris, Department of Gender and Cultural Studies, University of Sydney, and Chair Professor, Department of Cultural Studies, Lingnan University, Hong Kong This is a remarkable book on a topic on which there has been a lot of recent interest: the relevance of Marx and particularly of his method of analysis to the most pressing problems of our time. The author has an excellent grasp of Marx's own writings and of the most important literature dealing with this aspect of his work. The book is a fascinating short course on the history of recent (and not so recent) debates on the history of Marx's dialectical method. -- Bertell Ollman, Department of Politics, NYU, and author of <i>Dance of the Dialectic: Steps in Marx's Method</i>

Beverley Best has reinvented Capital, Volume III. -- Fredric Jameson Beverley Best's excellent analysis of Volume Three of Capital addresses a mostly neglected terrain of Marxist scholarship and achieves something very special. Her critique of the economic categories of price, rent and interest cracks their economic objectivity and lets the light in. All social life is essentially practical, including economic forms such as production prices. This is a groundbreaking book. -- Werner Bonefeld is the author of <i>A Critical Theory of Economic Compulsion</i> The Automatic Fetish is a revelation. Following the red thread of Marx's value theory through Volume 3 of Capital, Beverly Best makes an overwhelming case that far from being a collection of arcane posthumous drafts made even more obscure by Engel's heavy hand, the third volume of Capital is a lucid culmination of the analysis Marx began in Volume 1. She shows us that Marx clearly identifies industrial profit, interest, ground rent, and wages as essentially similar expressions of the social relationship he called surplus value. She also shows us that Marx explains how we are induced, day after day, to see those phenomena as utterly separate - that is, to see them fetishistically. But conflicts over land, anti-gentrification battles, commodity bubbles, wage struggles: they all look different when they become so clearly visible as aspects of the same dynamic. The Automatic Fetish is that rare work of theory whose practical implications just sing out loud. It is surely among the most useful books on Capital III ever written. -- Christopher Nealon, <i>The Matter of Capital: Poetry and Crisis in the American Century</i> The Automatic Fetish is that rare, double accomplishment that serves the need of the generalist reader while educating the specialist. Those new to Capital Vol III will find here a companion indispensable to helping them make their way. Meanwhile Marxologists still wondering whether Marx has a value theory of ideology will find here a most compelling answer in the affirmative. If I had to choose one book that would make the case for the relevance of Marx's critique of political economy to the humanities, this might very well be it. -- Colleen Lye, co-editor, <i>After Marx: Literature, Theory and Value in the Twenty-First Century</i>

"Beverley Best has reinvented Capital, Volume III. -- Fredric Jameson Beverley Best's excellent analysis of Volume Three of Capital addresses a mostly neglected terrain of Marxist scholarship and achieves something very special. Her critique of the economic categories of price, rent and interest cracks their economic objectivity and lets the light in. All social life is essentially practical, including economic forms such as production prices. This is a groundbreaking book. -- Werner Bonefeld is the author of <i>A Critical Theory of Economic Compulsion</i> The Automatic Fetish is a revelation. Following the red thread of Marx's value theory through Volume 3 of Capital, Beverly Best makes an overwhelming case that far from being a collection of arcane posthumous drafts made even more obscure by Engel's heavy hand, the third volume of Capital is a lucid culmination of the analysis Marx began in Volume 1. She shows us that Marx clearly identifies industrial profit, interest, ground rent, and wages as essentially similar expressions of the social relationship he called surplus value. She also shows us that Marx explains how we are induced, day after day, to see those phenomena as utterly separate - that is, to see them fetishistically. But conflicts over land, anti-gentrification battles, commodity bubbles, wage struggles: they all look different when they become so clearly visible as aspects of the same dynamic. The Automatic Fetish is that rare work of theory whose practical implications just sing out loud. It is surely among the most useful books on Capital III ever written. -- Christopher Nealon, <i>The Matter of Capital: Poetry and Crisis in the American Century</i> The Automatic Fetish is that rare, double accomplishment that serves the need of the generalist reader while educating the specialist. Those new to Capital Vol III will find here a companion indispensable to helping them make their way. Meanwhile Marxologists still wondering whether Marx has a value theory of ideology will find here a most compelling answer in the affirmative. If I had to choose one book that would make the case for the relevance of Marx's critique of political economy to the humanities, this might very well be it. -- Colleen Lye, co-editor, <i>After Marx: Literature, Theory and Value in the Twenty-First Century</i> The Automatic Fetish is the most intelligent book I have read in years. It is, all at once: a reliable guide to the the third volume of Marx's Capital; a stunningly fresh and inspiring interpretation of that often diffuse and refractory text; a convincing explication of our current historical juncture; and perhaps most surprisingly, the elaboration of a theory of ideology that Best finds implicit in Marx's mature writings, one that stands as a corrective to other conceptions of ideology, both within and outside the Marxist tradition. The contribution of The Automatic Fetish is hard to exaggerate. It belongs on a shelf with Alfred Sohn-Rethel's Intellectual and Manual Labor - whose rigor, on my view, Best's book surpasses. -- Nicholas Brown, author of <i>Autonomy: The Social Ontology of Art under Capitalism</i> While the first volume of Capital is supported by several excellent guides, the challenging and vital Volume 3 has to this point not received similar attention. Beverly Best's Automatic Fetish sets out to rectify this and generously meets a real need. It is sure to become an invaluable companion for co-thinkers, a reading group staple, and will make a significant contribution to the wider field of materialist theory. -- Joshua Clover, author of <i>Riot. Strike. Riot.</i> Beverly Best gives us many good reasons to read Marx's Capital all over again by giving Volume Three the careful attention it deserves. Best guides us through Marx's account of capitalism as a whole, demonstrating its unmatched theoretical coherence and undimmed political relevance. We find that it is necessary to take this path precisely because so much criticism has been designed to avoid it. In Best's hands, Capital becomes not only fascinating but useful, down to its last detail. Written with clarity, focus, and urgency, Best has ""unreconstructed"" Marx for our times. -- Richard Dienst, author of <i>The Bonds of Debt: Borrowing Against the Common Good Brilliant, eloquent and precise. Beverly Best has given us one of the most profound re-readings of Capital to have appeared in a generation and an essential source, especially for anyone now undertaking a serious study of volume III. Along the way, The Automatic Fetish redeems the much maligned base/superstructure methodology by discovering the astonishing truth of its ""perceptual physics"": ""The capitalist base disappears into the superstructure."" -- Neil Larsen, author of <i>Determinations: Essays on Theory, Narrative and Nation in the Americas</i>"

Author Information

Beverley Best works on Marx’s critique of political economy and teaches in the department of Sociology and Anthropology at Concordia University, Montréal. She is the author of Marx and Dynamic of the Capital Formation: An Aesthetics of Political Economy, and co-editor (with Werner Bonefeld and Chris O’Kane) of The Sage Handbook of Frankfurt School Critical Theory. She is the vice-president of the Marxist Literary Group.

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