Abstract
The “Brenner Debate” launched by Past and Present in 1976 was about “agrarian class structure and economic development in pre-industrial Europe”. Robert Brenner's recent book, Merchants and Revolution, has opened a new front in the debate by introducing merchants and “commercial change” into the equation. Although the book's massive Postscript carefully situates Brenner's analysis of commercial development in the context of his earlier account of the agrarian transition from feudalism to capitalism, this is unlikely to foreclose debate about how, or even whether, his more recent argument about the role of merchants in the English revolution can be squared with the original Brenner thesis. What is at issue here is not just divergent interpretations of historical evidence but larger differences about the nature of capitalism. The following argument has more to do with the latter than with the former, and it will be concerned with Brenner's work and the debates surrounding it not just for their own sake but for what they reveal about the dominant conceptions of capitalism, in Marxist and non-Marxist histories alike.
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