Periodizations of capitalism

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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 / monopoly / state monopoly capitalism (Sweezy)
  2. Free trade / monopoly / finance capitalism (Hilferding)
  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. page 181
  4. ^ Davis Jerome. Capitalism and Its Culture. page 12
  • Aglietta, Michel, Régulation et crises du capitalisme, Kalmann-Lévy, Paris, 1976

External links[edit]