From the mid 1980s Löwy became interested in the Central European Jewish Culture, in Romantic anticapitalism and on the complex interrelations between religion and politics, particularly in Latin America. The concept of elective affinity, borrowed from Max Weber, but re-interpreted, became one of the key methodological tools of his research. His latest books concern Walter Benjamin’s Theses on the Philosophy of History (1940), which Löwy considers as one of the most important documents of revolutionary thinking since Marx’s Theses on Feuerbach; and Franz Kafka as an anti-authoritarian author, with Anarchist sympathies, whose novels are inspired by a sort of "religion of liberty".