Merchant capitalism

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Not to be confused with the
Commercial Revolution
of the 17th century.
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Some

development of capitalism as an economic and social system. However, others argue that mercantilism, which has flourished widely in the world without the emergence of systems like modern capitalism, is not actually capitalist as such.[1]

Merchant capitalism is distinguished from more fully developed capitalism by its focus on simply moving goods from a market where they are cheap to a market where they are expensive (rather than influencing the mode of the production of those goods), the lack of

wage labor and industrialization possible, was the necessary precondition for the transformation of merchant capitalism into industrial capitalism.[citation needed
]

Early forms of merchant capitalism developed in the 9th century, during the

incentives for settlement of the American west) to integrate the states' economies and spur the growth of industrial capitalism.[6]

See also

Notes

  1. The Origin of Capitalism: A Longer View
    (London: Verso, 2002).
  2. ^ Jairus Banaji (2007), "Islam, the Mediterranean and the rise of capitalism", Journal Historical Materialism 15 (1), pp. 47–74, Brill Publishers.
  3. ISBN 90-04-09896-8
    .
  4. ^ Subhi Y. Labib (1969), "Capitalism in Medieval Islam", The Journal of Economic History 29 (1), pp. 79–96.
  5. ISBN 978-0-19-158363-6
    . Retrieved 2023-06-01.
  6. ^ Headlee, S. E. (1991). The political economy of the family farm: The agrarian roots of American capitalism. Praeger series in political economy. New York: Praeger.

References

  • John Day, Money and finance in the age of merchant capitalism, 1999.
  • J.L. van Zanden, The rise and decline of Holland's economy: merchant capitalism and the labour market, 1993.
  • Joseph Calder Miller, Way of death : merchant capitalism and the Angolan slave trade 1730–1830 1988.
  • Eugene D. Genovese
    , Fruits of merchant capital : slavery and bourgeois property in the rise and expansion of capitalism, 1983.
  • Paul Frentrop, A History of Corporate Governance, 1602–2002. Amsterdam: Deminor, 2003.
  • Andre Gunder Frank, World accumulation, 1492–1789. New York: 1978
  • Henri Pirenne, Economic and social history of Medieval Europe. London: Routledge, 1936.
  • Michel Beaud, A history of capitalism 1500–2000. New York: Monthly Review Press, 2001.
  • Nicolas Vrousalis, Capital without Wage-Labour: Marx's Modes of Subsumption Revisited', Economics and Philosophy. Vol. 34 No 3, 2018.
  • Immanuel Wallerstein, The Modern World System: Capitalist Agriculture and the Origins of the European World Economy in the Sixteenth Century, Academic Press, 1997.
  • Immanuel Wallerstein, The Modern World System II: Mercantilism and the Consolidation of the European World-Economy, 1600–1750, Academic Press; (June 1980).
  • Immanuel Wallerstein, The Modern World System III: The Second Era of Great Expansion of the Capitalist World-Economy, 1730–1840s. Academic Press, 1988.
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