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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.
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.
Unlike the neoliberal contention of the erasure of disparities towards convergence, Marxists maintain that capital accumulation depends on differential economic climates for its regeneration. Harvey states that accumulation "is the engine which powers growth under the capitalist mode of production.
From the 1970s, the so-called "value-form theorists" ("value-form school") [63] have emphasized—influenced by Theodor W. Adorno [64] and the rediscovery of the writings of Isaak Illich Rubin [65] —the importance of Marx's value theory as a qualitative critique—a cultural, sociological or philosophical critique of the reifications involved ...
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 ...
The central idea that Marx had was that overall technological progress has a long-term "labor-saving bias", and that the overall long-term effect of saving labor time in producing commodities with the aid of more and more machinery had to be a falling rate of profit on production capital, quite regardless of market fluctuations or financial ...
The most famous of these is the controversy about Marx's prices of production, sometimes called the transformation problem in which it is argued that total output value must equal total output production prices, and total profits must equal total surplus value, so that the distributions of particular output values and output prices can then be ...