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Postcolonial Theory and the Specter of Capital is an important book on a topic of major importance for all of the human and social sciences. The book’s implications reach far beyond Chibber’s critique of subaltern studies, which is his most obvious focus. Chibber’s overarching argument is twofold: capitalism does universalize itself to the colonial and postcolonial world, but at the same time, capitalism does not permeate or encompass all other aspects of social practice. As it stands, this is already an important argument for social theory generally and not just for analysts working on former colonies like India. The crisis of what used to be called western Marxism led to two main responses among Marxists. While many simply abandoned Marxism, becoming “post-Marxist,” 1 others became “neo-orthodox,” refusing to acknowledge the autonomy of any social practices from capitalism. 2 Chibber’s position is closer to the more nuanced positions of the “regulationist” school; 3 it is also compatible with a neo-historicist critical realism 4 that combines an ontology of emergent causal powers with an anti-essentialist epistemology according to which historically varying conjunctures of causal mechanisms interact in contingent, often unpredictable ways to produce empirical events. The fact that Chibber’s book’s packaging suggests an all-out assault on anyone who would dare to deviate Marxist orthodoxy does not square with the actual content of the book. Chibber’s book is also framed as a critique of Subaltern colonial historiography. Here again, the book’s framing does not provide an accurate sense of the directions in which Chibber’s thinking takes him. Many of Chibber’s specific arguments are broadly consistent with the path-breaking work of the founder of Subaltern Studies, Ranajit Guha. Chibber’s argument restated

ON THE ARTICULATION OF MARXIST AND NON-MARXIST THEORY IN COLONIAL HISTORIOGRAPHY