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:
#Early /
monopoly /
state monopoly capitalism (
Sweezy)
#Free trade / monopoly /
finance capitalism (
Hilferding)
#Early capitalism (
primitive accumulation
In Marxian economics and preceding theories,Perelman, p. 25 (ch. 2) the problem of primitive accumulation (also called previous accumulation, original accumulation) of capital concerns the origin of capital, and therefore of how class distinct ...
) /
colonialism /
imperialism
Imperialism is the state policy, practice, or advocacy of extending power and dominion, especially by direct territorial acquisition or by gaining political and economic control of other areas, often through employing hard power (economic and ...
(
Hobson, Lenin, Bukharin)
#
Extensive stage /
intensive stage /
late capitalism (
Aglietta)
The
Marxist
Marxism is a Left-wing politics, left-wing to Far-left politics, far-left method of socioeconomic analysis that uses a Materialism, materialist interpretation of historical development, better known as historical materialism, to understand S ...
periodization of capitalism into the stages: agricultural capitalism,
merchant capitalism
Some economic historians use the term merchant capitalism to refer to the earliest phase in the development of capitalism as an economic and social system. However, others argue that mercantilism, which has flourished widely in the world without ...
, industrial capitalism and
state capitalism.
Another periodization includes
merchant capitalism
Some economic historians use the term merchant capitalism to refer to the earliest phase in the development of capitalism as an economic and social system. However, others argue that mercantilism, which has flourished widely in the world without ...
, industrial and
finance capitalism, and
global capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, priva ...
.
[Davis Jerome. Capitalism and Its Culture. page 12]
See also
*
Rudolf Hilferding
*
Ernest Mandel
*
Paul Sweezy
References
{{reflist
*Aglietta, Michel, ''Régulation et crises du capitalisme'', Kalmann-Lévy, Paris, 1976
External links
Imperialism: The Highest Stage of Capitalism by V.I. Lenin
Capitalism
Periodization