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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[edit]


  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[edit]

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