But it was also an important critique of the prevailing narrative in mainstream discourse regarding the structural changes that had emerged since the 1980s. To use a hackneyed phrase, Harvey’s book really did challenge the orthodoxies of its time. The book changed the terms of debate in a number of ways, including forcing the way we think about capitalism, economics and society.
While there is no doubt that Harvey’s work was immensely important, it also left out a number of important issues, particularly the political economy of capitalism. In a book which is intended to be an overview of a fairly complex subject, Harvey glossed over many of the most important issues that dominated the politics of the 1980s. This may well have been an oversight on his part, since he has since become a leading academic economist and commentator. It also makes it hard to understand exactly what Harvey’s theory means.
I don’t wish to make too much of this oversight at this point, because in the future I am likely to provide a much more sophisticated analysis of Harvey’s work. I also think it is important for the Left to develop a critique of neoliberalism that is grounded in a clear political economy.
But the way neoliberalism has come to dominate the economic order is not the only story to be told in the book. Harvey’s work also provides a rich and illuminating explanation of the relationship between ideology and economics.
Harvey notes that neoliberalism has always been a commitment to the market, but it has only really come to dominate the political and economic order of advanced capitalist societies in recent decades.
And in an era of rampant inequality, neoliberalism had become the dominant socio-economic agenda of advanced capitalist societies, with its adherents taking control of the commanding heights of the economy and society, in addition to their political ascendance.
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