Search results
Results from the WOW.Com Content Network
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]
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 .
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 ...
Some proponents of capitalism (like Milton Friedman) emphasize the role of free markets, which, they claim, promote freedom and democracy. For many (like Immanuel Wallerstein), capitalism hinges on the extension into a global dimension of an economic system in which goods and services are traded in markets and capital goods belong to non-state ...
This is generally taken to imply the moral permissibility of profit, free trade, capital accumulation, voluntary exchange, wage labor, etc. Its emergence, evolution, and spread are the subjects of extensive research and debate. Debates sometimes focus on how to bring substantive historical data to bear on key questions. [1]
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 ...
The Accumulation of Capital (full title: The Accumulation of Capital: A Contribution to an Economic Explanation of Imperialism, Die Akkumulation des Kapitals: Ein Beitrag zur ökonomischen Erklärung des Imperialismus) is the principal book-length work of Rosa Luxemburg, first published in 1913, and the only work Luxemburg published on economics during her lifetime.
For Marx, the process of proletarianization was the other side of capital accumulation.The growth of capital meant the growth of the working class.The expansion of capitalist markets involved processes of primitive accumulation and privatization, which transferred more and more assets into capitalist private property, and concentrated wealth in fewer and fewer hands.