50
Ray Hudson
revived and enriched historical–geographical materialism emerged in 1982 with the
publication of David Harvey’s (1982) magisterial account of
The Limits to Capital.
Despite subsequent critiques, economic geographers continue to argue the case
for Marxian political economy. For example, Doreen Massey (1995: 307), in
another of the major landmark publications of the last four decades in economic
geography,
Spatial Divisions of Labour, was at pains to emphasise the continuing
relevance of Marxian political economy. For Massey, the law of value enables us
to think through the broad structures of the economy and forms the ‘absolutely
essential basis for some central concepts – exploitation for instance’. Value theory
therefore helps elucidate the social relationships specific to capitalism and its
economic geographies – while recognising that there are things that value theory
cannot deal with: for example, issues such as emotion and feelings cannot be
captured in value categories.
In short, economic geographers continue to need Marxian political economy
but they do not only need Marxian political economy. As Massey’s work
emphasised, specifying precisely how particular geographies of capitalist
economies evolved within the structural limits defining economies as capitalist
remained problematic and in turn led economic geographers to search for other
approaches to theorising, either as complements to, or as alternatives to, Marxian
approaches.
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