The Stage of Mercantilism

  • Robert Albritton


There may be some readers who think it imprudent to try to theorize a dominant type of capital accumulation prior to the industrial revolution. After all, is not capital in its inner essence industrial capital? Can you have capitalism that is not industrial capitalism? Both Marx and Uno seemed to think that capitalism did exist before the industrial revolution. But is this pre-industrial capitalism to be understood simply as a movement towards the industrial revolution, or can it be theorized as a qualitatively distinct type of capital accumulation — a stage of capital accumulation with its own dynamics that are not industrial? My assumption is the latter, and rather than arguing about it, I shall simply proceed on this basis. The approach can be judged by the fruit that it bears.


Foreign Trade Capital Accumulation Public Debt Capitalist Society Capitalist Development 
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.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 115.
    See Locke (1959, Vol. I, pp. 118, 518; Vol. II, pp. 104, 234); also see Albritton, Liberalism and Positiviesm: The Politics of Liberal Epistemology (UCLA dissertation, 1973), Ch. III.Google Scholar

Copyright information

© Robert Albritton 1991

Authors and Affiliations

  • Robert Albritton
    • 1
  1. 1.York UniversityNorth YorkCanada

Personalised recommendations