Starting Accumulation vs Primitive Accumulation

Volodymyr Ryaboshlyk

Chapter 10 in Crisis and Embodied Innovations, 2014, pp 160-165 from Palgrave Macmillan

Abstract: Abstract Marx handed over the tradition of understanding primitive accumulation as a single act of creation of capitalism; not as the first technological leap, which was industrialisation, out of the sequence of further leaps. Consequently, scholars, studying joint features of initial industrialisation in different countries, do not always notice that those features had many similarities with modern technological revolutions, too, and that it is the key to better understanding modern crises. While considering all this, we should clearly distinguish the two sides of accumulation: physical accumulation of physical capital and accumulation of money to finance this.

Keywords: Capital Accumulation; Physical Capital; Capital Good; Joint Feature; Consumption Good (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47707-1_10

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DOI: 10.1057/9781137477071_10

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