ABSTRACT

In the latter part of the twentieth and the early part of the twenty-first century, the intellectual movement generally referred to as postmodernism has fundamentally transformed Marxian critique of political economy. Postmodern interpretations are quite different. In them, the theory of knowledge most often is relativist. On a postmodern interpretation, production and exchange—each comprising a particular and changing combination of order and disorder—exist on the same discursive level. Since its inception, postmodernism has had at least four different meanings in relation to Marxian theory. Some have taken it to identify, following the work of Fredric Jameson and David Harvey, a particular world-historical phase—the cultural logic of the contemporary stage of capitalism. The general relationship of postmodernism as critique to Marxian economics has been elaborated in different but related ways in three texts: Knowledge and Class, by Stephen Resnick and Richard Wolff; The End of Capitalism, by J. K. Gibson-Graham; and Postmodern Moments in Modern Economics by David F. Ruccio and Jack Amariglio.