MOTHER OF CAPITAL: How Rent Gave Birth to Modernity, necessary reading

MOTHER OF CAPITAL: How Rent Gave Birth to Modernity
MATTHEW COSTA
Pluto Press (non-affiliate Bookshop.org link)
$31.00 ebook, available now

Rating: 4.5* of five, because of the learning curve involved

The Publisher Says: Rent, or unearned income, is a pervasive concept in contemporary economics. Economists of all stripes see today’s global economy as riddled with harmful rents, but most deny these are intrinsic to capitalism, and insist they can be eliminated with the right policies. It begs the question, why is rent theory so critical of the present but so optimistic about the future?

In Mother of Capital, Matthew Costa delves into the intellectual and social history of rent to solve this puzzle. Centring rent as the engine of capitalism’s historical emergence in medieval Europe, he offers a groundbreaking, systematic history of rent and rent theory. The book also traces the history of resistance to rent from below, and unearths a neglected body of critical rent theory.

Weaving complex strands of social and intellectual history into a vivid, lively, and original explanation of how the society we live in came to be, Costa makes a bold intervention into contemporary debates about the origins and future of capitalism, the nature of social change, and of history itself.

Matthew Costa is an Australian political economist. He has been a sessional lecturer and honorary associate in the Department of Political Economy at the University of Sydney. He is currently a Director at New South Wales Treasury, and was previously an economic policy advisor in Australia’s Department of the Prime Minister and Cabinet.

I RECEIVED A DRC FROM THE PUBLISHER VIA EDELWEISS+. THANK YOU.

My Review: If you're willing to put in the work, this is a good way to understand how capitalism got organized around the concept of extraction. Author Costa is an academic. It shows. You'll need your dictionary handy. The concepts he's explaining in these sophisticated words are, once you've familiarized yourself with the vocabulary, strikingly simple to assimilate. The end result of the read is to make available to the reader a different, probably new, angle of viewing and interpreting the modern world.

Ideological principles that go unchallenged in spite of their deleterious effects on humanity appear in stark relief when this angle of viewing is assumed. It is an angle I encourage you to investigate for yourself...don't trust me, or anyone else, to give you from On High the One True Vision of the world. Acquire a bit of knowledge from a lot of sources. This source is one whose angle of view you won't find in the huge mass of economic-discussion sources in the mainstream. Once you get your head around the light this book sheds on the system we all live within, you will understand why.

It's worth making the effort. It *is* an effort. I encourage you to fight the innerer Schweinehund, get off your mental pillow, and learn something new as painlessly as is possible. The value of the perspective this book offers you on the world as it is can't be overstated.