The New Spirit of Capitalism

The New Spirit of Capitalism

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New edition of this major work examining the development of neoliberalism

In this major work, sociologists Luc Boltanski and Eve Chiapello go to the heart of the changes in contemporary capitalism. Via an unprecedented analysis of the latest management texts that have formed the thinking of employers in their reorganization of business, the authors trace the contours of a new spirit of capitalism. They argue that from the middle of the 1970s onwards, capitalism abandoned the hierarchical Fordist work structure and developed a new network-based form of organization that was founded on employee initiative and autonomy in the workplace—a “freedom” that came at the cost of material and psychological security. The authors connect this new spirit with the children of the libertarian and romantic currents of the late 1960s (as epitomised by dressed-down, cool capitalists such as Bill Gates and “Ben and Jerry”) arguing that they practice a more successful and subtle-form of exploitation. Now a classic work charting the sociological structure of neoliberalism, Boltanski and Chiapello show how the new spirit triumphed thanks to a remarkable recuperation of the left’s critique of the alienation of everyday life that simultaneously undermined their “social critique.”

In this new edition, the two authors reflect on the reception of the book and the debates it has stimulated.

Reviews

  • A wide-ranging, nuanced sociological inquiry into the nature of contemporary work.

    Choice
  • A vast and ambitious work, which is inscribed in a great tradition of theoretical and critical sociology.

    Le Monde
  • This magnificent book is the sociology of a whole generation which capitalism caught on the wrong foot. In more than 800 pages which one devours like a great novel, the book furnishes new weapons for the renewal of the Left.

    Libération