Periodizations of capitalism explained

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:

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

• Rudolf Hilferding
• Ernest Mandel
• Paul Sweezy

References

• Aglietta, Michel, Régulation et crises du capitalisme, Kalmann-Lévy, Paris, 1976

External links

• Imperialism: The Highest Stage of Capitalism by V.I. Lenin

Notes and References

1. Rutherford, Donald. Routledge Dictionary of Economics. pages 70
2. Dunning, John H. global capitalism at bay? pages 49
3. Dunning, John H. Making Globalization Good. page 181
4. Davis Jerome. Capitalism and Its Culture. page 12