Class structure without politics or history?

Abstract

This review essay considers Vivek Chibber’s social theory of capitalism critically and develops some of the themes that a historicist social theory of capitalist stability should integrate theoretically. I start by outlining Chibber’s notable book and present its key claim about the materiality and primacy of class structure in terms of economic decision-making. I then point out the limits and antinomies of structural theory as a historical explanation, sketch the contours of a historicist methodology and provide examples of three political phenomena that are irreducible to the class structure but that have been central for the reproduction of capitalism. The final section considers the political consequences of my historicist criticism of Chibber.