Periodizations of capitalism

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A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as:

Contents

  1. Early / monopoly / state monopoly capitalism (Sweezy)
  2. Free trade / monopoly / finance capitalism (Hilferding)
  3. Early capitalism (primitive accumulation) / colonialism / imperialism (Hobson, Lenin, Bukharin)
  4. 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.

Another periodization includes merchant capitalism, industrial and finance capitalism, and global capitalism. [2] [3] [4]

See also

References

  1. ↑ Rutherford, Donald (2002). Routledge Dictionary of Economics (2nd ed.). London: Routledge. p. 70. ISBN   0-415-25090-0.
  2. ↑ Dunning, John H. (2000). Global Capitalism at Bay?. London: Routledge. p. 49. ISBN   0-203-18603-6.
  3. ↑ Dunning, John H. (2004). Making Globalization Good: The Moral Challenges of Global Capitalism. Oxford University Press. p. 181. ISBN   0-19-925701-9.
  4. ↑ Davis, Jerome (1935). Capitalism and Its Culture. New York: Farrar & Rinehart. p. 12.
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