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‘Primitive’ Capital Accumulation

  • Amlan Datta

Abstract

The idea of ‘primitive accumulation’ is set forth by Karl Marx (1818–83) in Volume I of Capital in the following words:

The accumulation of capital presupposes surplus-value; surplus-value presupposes capitalistic production; capitalistic production presupposes the preexistence of considerable masses of capital and of labour-power in the hands of producers of commodities. The whole movement, therefore, seems to turn in a vicious circle, out of which one can only get by supposing a primitive accumulation (previous accumulation of Adam Smith) preceding capitalistic accumulation; an accumulation not the result of the capitalist mode of production, but its starting point.1

Keywords

Eighteenth Century Capital Accumulation Capital Formation Capitalistic Production Silk Textile 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Amlan Datta 1973

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  • Amlan Datta

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