
Capitalism is not a natural and inevitable consequence of human nature, nor is it simply an extension of age-old practices of trade and commerce. In this original and provocative book Ellen Meiksins Wood reminds us that capitalism is not a natural and inevitable consequence of human nature, nor is it simply an extension of age-old practices of trade and commerce. Rather, it is a late and localized product of very specific historical conditions, which required great transformations in social relations and in the human interaction with nature. This new edition is substantially revised and expanded, with extensive new material on imperialism, anti-Eurocentric history, capitalism and the nation-state, and the differences between capitalism and non-capitalist commerce. The author traces links between the origin of capitalism and contemporary conditions such as globalization, ecological degradation, and the current agricultural crisis.
Author

Ellen Meiksins Wood FRSC (April 12, 1942 – January 14, 2016) was an American-Canadian Marxist historian and scholar. From 1967 to 1996, she taught political science at Glendon College, York University in Toronto, Ontario, Canada. With Robert Brenner, Ellen Meiksins Wood articulated the foundations of Political Marxism, a strand of Marxist theory that places history at the centre of its analysis. It provoked a turn away from structuralisms and teleology towards historical specificity as contested process and lived praxis. Meiksins Wood's many books and articles, were sometimes written in collaboration with her husband, Neal Wood (1922–2003). Her work has been translated into many languages, including Spanish, Portuguese, Italian, French, German, Romanian, Turkish, Chinese, Korean, and Japanese. Of these, The Retreat from Class received the Isaac Deutscher Memorial Prize in 1988. Wood served on the editorial committee of the British journal New Left Review between 1984 and 1993. In 1996, she was inducted into the Royal Society of Canada, a marker of distinguished scholarship. From 1997 to 2000, Wood was an editor, along with Harry Magdoff and Paul Sweezy, of Monthly Review, the socialist magazine.