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Books > Social sciences > Sociology, social studies > Social issues
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The Institutions of Private Law and Their Social Functions (Hardcover)
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The Institutions of Private Law and Their Social Functions (Hardcover)
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In the English-speaking world, Karl Renner is by far the best-known
among the Austro-Marxists who were active in the Austrian socialist
movement during the first few decades of the twentieth century.
Recognition of Renner's scholarship is due largely to the English
translations of his works on Marxism, as well as to the secondary
writings on his notions of socialist legality and national cultural
autonomy. Renner has for over half a century been celebrated for
the only book of his that has, to date, been wholly translated into
English. It remains the classic socialist attempt to off er a
realistic understanding of the role of the legal institution of
private property in modern society: The Institutions of Private Law
and Their Social Functions. In his introduction to this edition, A.
Javier Trevii?1/2o discusses the volume's relevance for today, and
briefly describes that aspect of Renner's life that occupied most
of this time and energy: his involvement in Austrian social
democratic politics. The substance of Renner's exposition remains
intact. The text provides one of the best insights into the
relationship between capitalism and property's economic functions.
It emphasizes how this fundamental institution's application has,
since the initial stage of finance capitalism, increased or
diminished, been externally transformed, or inherently
metamorphosed. In an age of unprecedented global financial crisis,
emerging market countries, and increased government regulation,
Trevii?1/2o suggests we would do well to heed the book's message.
It might help us understand the complex situations we encounter
today as we grapple with our hybrid identities as salaried workers
and economic investors.
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