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In his most wide-ranging and accessible work, Fredric Jameson argues that postmodernism is the cultural response to the latest systemic change in world capitalism. He seeks here to crystallize a definition of a term which has taken on so many meanings that it has virtually lost all historical significance. He presents an extensive discussion on the cultural landscape-both 'high' and 'low'-of postmodernity, evaluating the political fortunes of the new term and surveying postmodern developments in a range of different fields-from market ideology to architecture, from painting and instalment art to contemporary punk film, from video art and high literature to deconstruction. Finally, Jameson revaluates the concept of postmodernism in light of postmodern critiques of totalization and historical narratives-from the notion of decadence to the dynamics of small groups, from religious fundamentalism to hi-tech science fiction-while touching on the nature of contemporary cultural critique and the possibilities of cognitive mapping in the present multinational world system. This provocative book will be fundamental to all future discussions of postmodernism.