Periodizations of capitalism

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 or concurrential/ monopoly/ state monopoly capitalism (Sweezy etc.)
  2. Free trade/ monopoly/ finance capitalism (Hilferding etc.)
  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


  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. pages 181
  4. Davis Jerome. Capitalism and Its Culture. page 12

External links

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