Periodizations of capitalism

Periodizations of capitalism

A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The most well-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]


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

See also

External links

  • Imperialism: The Highest Stage of Capitalism by V.I. Lenin
  • J.A. Hobson's Imperialism: A Study: A Centennial Retrospective by Professor Peter Cain