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Primitive accumulation of capital
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help| The concept of original accumulation or previous accumulation or primitive accumulation of capital, was a central concern of classical political economists. The core question is how did it happen that a small percentage of the population obtained possession of the necessary resources to start businesses which employ people and gain profit; and analyzing how it happened that the vast majority of... Read enhanced Wikipedia article |
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Primitive accumulation of capital
The concept of original accumulation or previous accumulation or primitive accumulation of capital, was a central concern of classical political economists. -
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Capital accumulation
In fact Marx suggests that the original or primitive accumulation of capital often occurs through violence, plunder, slavery, robbery, extortion and theft. -
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Accumulation by dispossession
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Surplus value
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Law of value
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Capitalist mode of production
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Das Kapital
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Critique of capitalism
They argue that the capitalist countries like England initially were helped by the primitive accumulation of capital through the "theft" of natural resources and exploitation of slave labor from large parts of Asia, Africa and the Americas which spurred the industrial revolution. -
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History of capitalism
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Simple commodity production
Marx refers to this process as the primitive accumulation of capital, a process which continues particularly in developing countries to this day.
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Primitive accumulation of capital