Search results
Results from the WOW.Com Content Network
In Marxian economics and preceding theories, [1] the problem of primitive accumulation (also called previous accumulation, prior accumulation, or original accumulation) of capital concerns the origin of capital and therefore how class distinctions between possessors and non-possessors came to be. [2]
Early capitalism (primitive accumulation) / colonialism / imperialism (Hobson, Lenin, Bukharin) Extensive stage / intensive stage / late capitalism ; The Marxist periodization of capitalism into the stages: [1] agricultural capitalism, merchant capitalism, industrial capitalism and state capitalism.
His so-called accumulation theory, very influential in its day, suggested that capitalism suffered from under-consumption due to the rise of monopoly capitalism and the resultant concentration of wealth in fewer hands, which he argued gave rise to a misdistribution of purchasing power.
This is the special focus of the final part, which argues that capitalism initially develops not through the future capitalist class being more frugal and hard-working than the future working class (a process called primitive/previous/original accumulation by the pro-capitalist classical political economists, like Adam Smith), but through the ...
Extensive stage, or by its full name, the predominantly extensive stage of accumulation, pertains to one of the periodizations of capitalism, as proposed by Aglietta (1976). It is the first stage of capitalism. It is also known as the early stage.
Primitive accumulation; Rate of exploitation; ... manufacturing industries, and services (the so-called primary, secondary, and tertiary sectors of the economy) is ...
With each new update, release, and revision, the last version immediately feels primitive. Some products last just a few years, and others endure for centuries, but one thing is certain ...
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.