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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:
- Early / monopoly / state monopoly capitalism (Sweezy)
- Free trade / monopoly / finance capitalism (Hilferding)
- Early capitalism (primitive accumulation) / colonialism / imperialism (Hobson, Lenin, Bukharin)
- 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]
- ^ Rutherford, Donald (2002). Routledge Dictionary of Economics (2nd ed.). London: Routledge. p. 70. ISBN 0-415-25090-0.
- ^ Dunning, John H. (2000). Global Capitalism at Bay?. London: Routledge. p. 49. ISBN 0-203-18603-6.
- ^ Dunning, John H. (2004). Making Globalization Good: The Moral Challenges of Global Capitalism. Oxford University Press. p. 181. ISBN 0-19-925701-9.
- ^ Davis, Jerome (1935). Capitalism and Its Culture. New York: Farrar & Rinehart. p. 12.