Abstract

Daniel Gaido’s The Formative Period of American Capitalism provides a thorough accounting of classical Marxist writing on the history of US capitalism. He combines insights from the classical Marxist and US Trotskyist traditions with an engagement with a selection of recent historical research to produce a provocative interpretation of the origins and rise of capitalism in the US. However, his failure to critically interrogate the classical Marxist and US Trotskyist traditions on the US or engage with the growing historical research on the origins and trajectory of US capitalism weakens his contribution.