Towards a General Theory of Capitalism: Suggestions from Chapters 23 and 27

Ernesto Screpanti

Chapter 7 in Marxian Economics: A Reappraisal, 1998, pp 109-123 from Palgrave Macmillan

Abstract: Abstract In this chapter two theories of capitalism are confronted. The first claims that private ownership of the means of production is the basic institution of capitalism and that the two opposing classes — capitalists and workers — must be defined on the ground of the distinction between ownership and propertylessness. This theory will be called the ‘S-theory’ since, although it predominates in Marx’s and orthodox Marxist thought, it originated with Adam Smith.

Keywords: Private Ownership; Labour Process; Traditional Theory; Wage Labour; Total Capital (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26118-5_7

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DOI: 10.1007/978-1-349-26118-5_7

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