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James Steuart, with his 1767 work, is considered by some scholars to be the greatest classical theorist of primitive accumulation. [9] In the most recent translation of Capital, Volume 1, translator Paul Reitter chose "original accumulation" instead of "primitive accumulation," arguing that the latter is "misleading lexically." [10]
Primitive socialist accumulation, sometimes referred to as the socialist accumulation, was a concept put forth in the early Soviet Union during the period of the New Economic Policy. It was developed as a counterpart to the process of the primitive accumulation of capital that took place during the early stages and development of capitalist ...
A number of Marxian economists have argued that the inclosure acts in England, and similar legislation elsewhere, were an integral part of capitalist primitive accumulation and that specific legal frameworks of private land ownership have been integral to the development of capitalism. [4] [5]
Early capitalism (primitive accumulation) / colonialism / imperialism (Hobson, Lenin, Bukharin) Extensive stage / intensive stage / late capitalism ( Aglietta ) The Marxist periodization of capitalism into the stages: [ 1 ] agricultural capitalism, merchant capitalism , industrial capitalism and state capitalism .
He therefore draws on the theory of ongoing primitive accumulation by Rosa Luxemburg as laid out in The Accumulation of Capital. The neoliberal modernity is, according to Harvey, a modernity in which dispossession plays a large role and in which the capital class is gaining power at the expense of the labour class.
Thus, merchant capitalism preceded the capitalist mode of production as a form of capital accumulation. A process of primitive accumulation of capital, upon which commercial finance operations could be based and making application of mass wage labor and industrialization possible, was the necessary precondition for the transformation of ...
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Capital accumulation is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains. The goal of accumulation of capital is to create ...