The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Mode of Production

  • R. Jessop
Reference work entry


This concept was first introduced by Karl Marx in his efforts to theorize the overall structure and dynamic of capitalism. It has since been widely used, mainly in Marxist political economy and historical studies, to analyse various economic systems. Although there is broad agreement on its general field of application, different approaches exist towards defining and distinguishing particular modes of production. Some of the resulting problems are considered below.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • R. Jessop
    • 1
  1. 1.